BLUESKY CHARTER SCHOOL

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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

2000

Legal Domicile

Principal Officer

AMY LARSEN

Phone

6516420888

Tax Period

2024-07-01 to 2025-06-30

BLUESKY CHARTER SCHOOL, founded in 2000, is a community nonprofit in the Education sector that reported $9.2M in total revenue in fiscal year 2024.

Mission

BRINGING QUALITY ONLINE EDUCATION AND DIVERSE LEARNERS TOGETHER.

Program Service Accomplishments

Program 1

Expenses: $7,740,684 Revenue: $8,662,431

BLUESKY CHARTER SCHOOL IS DEFINING EDUCATION FOR THE 21ST CENTURY BY CREATING AN INDIVIDUALIZED, DYNAMIC EDUCATION FOR ALL STUDENTS. WE ARE COMMITTED TO EMPOWERING OUR COMMUNITY BY FACILITATING...

BLUESKY CHARTER SCHOOL IS DEFINING EDUCATION FOR THE 21ST CENTURY BY CREATING AN INDIVIDUALIZED, DYNAMIC EDUCATION FOR ALL STUDENTS. WE ARE COMMITTED TO EMPOWERING OUR COMMUNITY BY FACILITATING RELEVANT LEARNING, SKILLS, HOPES, AND RELATIONSHIPS. OUR UNIQUE PERSONAL APPROACH TO ONLINE LEARNING IS UNMATCHED BY OTHER SCHOOLS. OUR THREE-PERSON TEAMS OF CARING PROFESSIONALS OFFER STUDENTS THE SUPPORT AND ONE-ON-ONE ATTENTION THEY NEED TO SUCCEED. BLUESKY CHARTER SCHOOL PROVIDES EDUCATIONAL PROGRAMS FOR GRADES 6-12 IN COMPLIANCE WITH MINNESOTA PUBLIC EDUCATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2025 THE SCHOOL SERVED AN ESTIMATED 613 STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $403,103

Program Service Revenue $8,662,431

Investment Income $91,670

Other Revenue $0

TOTAL REVENUE $9,157,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,502,567

Fundraising Expenses $0

Program Expenses $7,740,684

Other Expenses $1,542,399

TOTAL EXPENSES $9,044,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,157,204	$8,805,217	+0.0%
Expenses	$9,044,966	$8,899,125	+0.0%
Net Income	$112,238	$-93,908	-2.2%

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

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

$141,462

Total Directors

$207,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE JOHNSON	SECRETARY	40.00	Officer Director	$74,958	$1,230	$76,188
HEIDI KELBEL	MEMBER	40.00	Director	$59,930	$5,762	$65,692
MATTHEW SCHEMPP	VICE CHAIR	40.00	Officer Director	$59,551	$5,723	$65,274
KELSEY WAITS	MEMBER	5.00	Director	$0	$0	$0
ALLEN CHARLES	MEMBER	5.00	Director	$0	$0	$0
JUDY PEKAREK	TREASURER	5.00	Officer Director	$0	$0	$0
JIM STOCCO	CHAIR	10.00	Officer Director	$0	$0	$0

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	$9,157,204	$9,044,966	$8,022,602	$112,238
2024	$8,805,217	$8,899,125	$7,625,375	$-93,908
2023	$7,922,604	$6,959,827	$8,545,767	$962,777
2022	$8,410,192	$7,109,156	$8,894,688	$1,301,036
2021	$6,906,603	$7,082,368	$6,912,497	$-175,765
2020	$6,312,955	$6,284,161	$6,827,413	$28,794
2019	$5,141,175	$3,657,699	$7,841,345	$1,483,476
2018	$5,401,389	$6,833,542	$9,276,698	$-1,432,153