Sage Academy Charter School Charter School No 4087

EIN: 412023619 501(c)(3) Education

Brooklyn Park, MN

Total Revenue
$572,416
Total Expenses
$637,890
Total Assets
N/A
Net Assets
N/A
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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
2001
Legal Domicile
MN
Principal Officer
Cari-Ana Garcia Luna
Phone
7633154020
Tax Period
2024-07-01 to 2025-06-30

Sage Academy Charter School Charter School No 4087, founded in 2001, is a small nonprofit in the Education sector that reported $572K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $638K exceeded revenue, resulting in a 11% operating deficit.

Mission

The Sage Academy Charter School closed on August 30, 2024.

Program Service Accomplishments

Program 1
Expenses: $195,140 Revenue: $32,649

The Sage Academy Charter School closed on August 30, 2024. Sage Academy is a student-centered educational setting providing life preparedness for a global community and global environment. Sage...

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The Sage Academy Charter School closed on August 30, 2024. Sage Academy is a student-centered educational setting providing life preparedness for a global community and global environment. Sage Academy seeks to provide an academic environment of excellence for secondary students which encourages life-long learning; respect for a diverse, global community; awareness of the Earth's limited resources; and understanding of social justice issues throughout the world.Sage Academy Offers:1. Small class sizes2. Individualized learning plans for every student3. Innovating programming- cross-age and interdisciplinary curriculum4. Community-based, experiential learning

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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 (2024)

Revenue Breakdown

Contributions & Grants $539,760
Program Service Revenue $4,559
Investment Income $7
Other Revenue $28,090
TOTAL REVENUE $572,416

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $195,140
Other Expenses $637,890
TOTAL EXPENSES $637,890

Year-over-Year Comparison

2024 2023 Change
Revenue $572,416 $1,497,566 -0.6%
Expenses $637,890 $1,575,071 -0.6%
Net Income $-65,474 $-77,505 -0.2%
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

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
5

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
4
$104,362
Total Directors
6
$35,382
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dean Heller Chair 2.00
Officer Director
$0 $0 $0
Nick Tapio Treasurer - Teacher 2.00
Officer Director
$35,382 $0 $35,382
Cheri Chandler-Smith Secretary 2.00
Officer Director
$0 $0 $0
Octavia Webber Member 1.00
Director
$0 $0 $0
Amy Hollerud Member 1.00
Director
$0 $0 $0
Jessica Roddy Member 1.00
Director
$0 $0 $0
Cari-Ana Garcia Luna Ex-Officio - Director 2.00
Officer
$68,980 $0 $68,980
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 $572,416 $637,890 No data $-65,474
2024 $1,497,566 $1,575,071 $526,089 $-77,505
2023 $1,380,432 $1,523,231 $630,883 $-142,799
2022 $1,481,249 $1,476,348 $809,088 $4,901
2021 $1,392,109 $1,337,478 $346,363 $54,631
2020 $1,343,459 $1,335,024 $282,468 $8,435
2019 $1,420,081 $1,301,008 $312,119 $119,073
2018 $1,361,637 $1,414,373 $250,508 $-52,736
2018 $1,361,637 $1,414,373 $250,508 $-52,736
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