DULUTH PUBLIC SCHOOLS ACADEMY (EIN 411870222) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

TAMMY RACKLIFFE

Phone

2187289556

Tax Period

2022-07-01 to 2023-06-30

DULUTH PUBLIC SCHOOLS ACADEMY, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $17.0M in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year.

Mission

DULUTH PUBLIC SCHOOLS ACADEMY OPERATES A CHARTERED PUBLIC SCHOOL, PURSUANT TO MINNESOTA STATUTES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $16,718,288

Program Service Revenue $163,941

Investment Income $1,324

Other Revenue $86,427

TOTAL REVENUE $16,969,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,356,193

Fundraising Expenses $0

Program Expenses $15,765,610

Other Expenses $5,329,633

TOTAL EXPENSES $17,685,826

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,969,980	$19,293,947	-0.1%
Expenses	$17,685,826	$19,232,814	-0.1%
Net Income	$-715,846	$61,133	-12.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

266

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$165,035

Total Directors

$128,127

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA KRUGER	BOARD MEMBER/TEACHER	45.00	Director	$62,237	$12,224	$74,461
HILARY HODGMAN	IMMEDIATE PAST PRESIDENT (	5.00	Officer Director	$0	$0	$0
ANDREW RICHEY	PRESIDENT (PART YEAR)	5.00	Officer Director	$0	$0	$0
KRISTIN GRILL	PRESIDENT	5.00	Officer Director	$0	$0	$0
AMBER LIGHTFEATHER	BOARD MEMBER (PART YEAR)	5.00	Director	$0	$0	$0
AMANDA BRUGGMAN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KIM OPPELT	BOARD MEMBER	5.00	Director	$0	$0	$0
KELLI GRIFFITH-DYESS	BOARD MEMBER	5.00	Director	$0	$0	$0
ERICA HANSON	SECRETARY/TEACHER	45.00	Officer Director	$36,778	$16,888	$53,666
RYAN JONES	TREASURER	5.00	Officer Director	$0	$0	$0
MICHAEL MOLITOR JR	BOARD MEMBER	5.00	Director	$0	$0	$0
JENA EVANS	BOARD MEMBER	5.00	Director	$0	$0	$0
BONNIE JORGENSON	HEAD OF SCHOOLS	60.00	Officer	$103,132	$8,237	$111,369
TAMMY RACKLIFFE	INTERIM HEAD OF SCHOOLS	60.00	Officer	$0	$0	$0
TIM GOLDEN	FORMER COMM. MEMBER/DIRECT	40.00		$93,187	$23,585	$116,772
LISA HAROLD	FORMER MEMBER/TEACHER	40.00		$45,131	$18,449	$63,580

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$16,969,980	$17,685,826	$8,326,008	$-715,846
2022	$19,293,947	$19,232,814	$11,300,582	$61,133
2021	$19,726,777	$19,452,074	$11,735,352	$274,703
2020	$20,624,234	$21,967,009	$15,599,026	$-1,342,775
2019	$20,477,750	$17,891,326	$21,174,331	$2,586,424
2018	$21,345,736	$26,744,018	$24,152,890	$-5,398,282

DULUTH PUBLIC SCHOOLS ACADEMY