CROSSROADS CHARTER SCHOOLS (EIN 453005772) - 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

2011

Legal Domicile

Principal Officer

TYSIE MCDOWELL

Phone

8162212600

Tax Period

2024-07-01 to 2025-06-30

CROSSROADS CHARTER SCHOOLS, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $25.4M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $24.1M left a modest 5% surplus.

Mission

PROVIDE A RIGOROUS PK-12 EDUCATION IN A COLLABORATIVE, COMMUNITY-FOCUSED ENVIRONMENT

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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 $25,292,198

Program Service Revenue $111,669

Investment Income $23,517

Other Revenue $0

TOTAL REVENUE $25,427,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,831,528

Fundraising Expenses $0

Program Expenses $21,062,822

Other Expenses $12,252,314

TOTAL EXPENSES $24,083,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,427,384	$21,685,847	+0.2%
Expenses	$24,083,842	$23,321,494	+0.0%
Net Income	$1,343,542	$-1,635,647	-1.8%

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

183

Volunteers

140

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

$438,630

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SPARK BOOKHART	PRESIDENT	3.00	Officer Director	$0	$0	$0
CARLY MITCHELL	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
LATRINA COLLINS	SECRETARY	1.00	Officer Director	$0	$0	$0
JILLIAN LINN	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE CHARITY	MEMBER	1.00	Director	$0	$0	$0
PHYLLIS HARDWICK	MEMBER	1.00	Director	$0	$0	$0
JACOB SCWARTZ	MEMBER	1.00	Director	$0	$0	$0
WAYMOND KING	MEMBER	1.00	Director	$0	$0	$0
JEFFREY WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
TYSIE MCDOWELL	SUPERINTENDENT	40.00	Officer	$162,084	$34,181	$196,265
KARIS PARKER	CAO	40.00	Officer	$109,062	$24,266	$133,328
LATRESSE YARBOUGH	CFO	40.00	Officer	$90,540	$18,497	$109,037
JOSE LEOS JR	COO	40.00	Officer	$0	$0	$0
NIKKI BATES	EXCEPTIONAL LEARNER DIRECTOR	40.00	Highest	$103,320	$19,413	$122,733

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	$25,427,384	$24,083,842	$22,286,139	$1,343,542
2024	$21,685,847	$23,321,494	$20,917,837	$-1,635,647
2023	$27,609,534	$20,815,797	$22,578,599	$6,793,737
2022	$20,348,851	$19,443,268	$13,569,889	$905,583
2021	$16,288,564	$15,461,809	$14,061,355	$826,755
2020	$14,889,193	$14,605,091	$13,096,265	$284,102
2019	$12,028,643	$11,644,679	$11,234,489	$383,964
2018	$12,310,318	$9,894,085	$11,892,365	$2,416,233

CROSSROADS CHARTER SCHOOLS