AFSA High School - Charter School No 407

EIN: 411987504 501(c)(3) Education

Vadnais Heights, MN

Total Revenue
$6,987,264
Total Expenses
$7,505,511
Total Assets
$2,703,977
Net Assets
$-3,311,544
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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
MN
Principal Officer
Sam Wakefield
Phone
6512093910
Tax Period
2023-07-01 to 2024-06-30

AFSA High School - Charter School No 407, founded in 2000, is a community nonprofit in the Education sector that reported $7.0M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

Engage learners in academically rigorous learning experiences and leadership opportunities.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,762,584
Program Service Revenue $89,922
Investment Income $0
Other Revenue $134,758
TOTAL REVENUE $6,987,264

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,889,766
Fundraising Expenses $0
Program Expenses $6,530,469
Other Expenses $2,615,745
TOTAL EXPENSES $7,505,511

Year-over-Year Comparison

2023 2022 Change
Revenue $6,987,264 $7,711,653 -0.1%
Expenses $7,505,511 $7,614,489 0.0%
Net Income $-518,247 $97,164 -6.3%
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

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Governance

Voting Members
9
Independent Members
6
Employees
136
Volunteers
24

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
5
$328,848
Total Directors
9
$163,179
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Becky Meyer Executive Director 40.00
Officer
$128,750 $18,656 $147,406
Erik Bruner-Wiltse Business Manager 40.00
Officer
$93,100 $15,968 $109,068
Kerry Schulte Clerk/Teacher 45.00
Officer Director
$59,789 $12,585 $72,374
Brady Jones Treasurer/Teacher 45.00
Director
$52,440 $13,248 $65,688
Jack Roessler Member/Teacher 45.00
Director
$20,911 $4,206 $25,117
Kate Plaisance Chair 5.00
Officer Director
$0 $0 $0
David Smith Vice Chair 5.00
Officer Director
$0 $0 $0
Julie Cox Member 5.00
Director
$0 $0 $0
Scott Stene Member 5.00
Director
$0 $0 $0
Leslie Sherer Member 5.00
Director
$0 $0 $0
Jenny Cook Member 5.00
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 No data No data No data No data
2024 $6,987,264 $7,505,511 $2,703,977 $-518,247
2023 $7,711,653 $7,614,489 $3,535,364 $97,164
2022 $7,262,978 $7,568,635 $3,604,090 $-305,657
2021 $7,746,372 $7,127,695 $3,618,676 $618,677
2020 $6,756,075 $6,999,229 $4,003,517 $-243,154
2019 $5,590,756 $5,719,229 $4,189,687 $-128,473
2018 $5,332,126 $5,464,377 $5,422,959 $-132,251
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