EDNOVATE INC (EIN 454005918) - 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

KYLE GOSS

Phone

2134540599

Tax Period

2022-07-01 to 2023-06-30

EDNOVATE INC, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $50.7M in total revenue in fiscal year 2022. Expenses of $47.8M left a modest 6% surplus.

Mission

EDNOVATE, INC. OPERATES SIX HIGH QUALITY CALIFORNIA PUBLIC CHARTER HIGH SCHOOLS.

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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 $50,689,554

Program Service Revenue $0

Investment Income $53,217

Other Revenue $300

TOTAL REVENUE $50,743,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,896,245

Fundraising Expenses $195,132

Program Expenses $41,223,797

Other Expenses $23,923,882

TOTAL EXPENSES $47,820,127

Year-over-Year Comparison

	2022	2021	Change
Revenue	$50,743,071	$50,209,560	+0.0%
Expenses	$47,820,127	$42,822,894	+0.1%
Net Income	$2,922,944	$7,386,666	-0.6%

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

324

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

$453,803

Total Directors

Key Employees

$667,408

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLIVER SICAT	CHIEF EXECUTIVE OFFICER	40.00	Officer	$276,900	$22,846	$299,746
OLUMIDE MACAULAY	CHIEF OF SCHOOLS	40.00	Key Emp	$217,770	$15,036	$232,806
KATHERINE HART	CHIEF OPERATING OFFICER	40.00	Key Emp	$203,591	$20,503	$224,094
KARA MAGUIRE	CHIEF OF STAFF	40.00	Key Emp	$197,514	$12,994	$210,508
ROSA ALANIS	PRINCIPAL - ESPERANZA	40.00	Highest	$176,785	$25,929	$202,714
EVELYN BALDERAS-CASTRO	PRINCIPAL - LEGACY	40.00	Highest	$158,633	$9,842	$168,475
KYLE GOSS	CHIEF FINANCIAL OFFICER	40.00	Officer	$149,308	$4,749	$154,057
ALEXANDRA HOUSTON	HEAD OF NURSING OPERATIONS	40.00	Highest	$147,261	$4,909	$152,170
RACHAEL DEROGATIS	PRINCIPAL - HYBRID	40.00	Highest	$146,613	$34,891	$181,504
ALLYSON WRIGHT	PRINCIPAL - SOUTH LA COLLEGE PREP	40.00	Highest	$146,113	$20,661	$166,774
PAULINE FISCHER	CHAIR	1.00	Officer Director	$0	$0	$0
ELLIOT SAINER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARCIA AARON	MEMBER	1.00	Director	$0	$0	$0
ROBIN ROMANS	MEMBER	1.00	Director	$0	$0	$0
KYLE SALYER	MEMBER	1.00	Director	$0	$0	$0
ANA MARTINEZ SHROPSHIRE	MEMBER	1.00	Director	$0	$0	$0
KATE HIRSH	MEMBER	1.00	Director	$0	$0	$0
TAMMY ANDERSON	MEMBER	1.00	Director	$0	$0	$0
MICHAEL PORTER	MEMBER	1.00	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	No data	No data	No data	No data
2023	$50,743,071	$47,820,127	$87,955,507	$2,922,944
2022	$50,209,560	$42,822,894	$39,618,009	$7,386,666
2021	$37,749,342	$30,069,429	$33,367,318	$7,679,913
2020	$31,097,913	$30,392,912	$24,694,440	$705,001
2019	$25,692,588	$26,072,930	$17,821,109	$-380,342
2018	$22,853,067	$18,103,772	$16,157,905	$4,749,295

EDNOVATE INC