THE CENTER FOR INDEPENDENT CHARTER… - Form 990 Financial Data

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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

LAURIE INMAN

Phone

5628226651

Tax Period

2020-07-01 to 2021-06-30

Mission

TO PROVIDE SUPPORT TOWARD INDEPENDENT CHARTER SCHOOL LEADERS OF COLOR THAT SUPPORT THE ATTAINMENT OF THEIR ACADEMIC, FINANCIAL AND OPERATIONAL GOALS. WE WILL EMPLOY HIGHLY QUALIFIED STAFF WHOSE MAIN FOCUS WILL BE TO DELIVER INDIRECT AND DIRECT ACCESS. THESE REOURCES ARE DESIGNED TO HELP THESE CHARTER SCHOOL LEADERS MAKE POSITIVE IMPACTS THROUGH THE OPPORTUNITIES THEY MAKE AVAILABLE FOR THEIR STUDENTS WHO ARE TYPICALLY THE UNDERSERVED AND MARGINALIZED POPULATION IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $424

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $424

Other Expenses $106,266

TOTAL EXPENSES $106,266

Year-over-Year Comparison

	2020	2019	Change
Revenue	N/A	$34,208	-1.0%
Expenses	$106,266	$159,021	-0.3%
Net Income	N/A	$-124,813	N/A

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

N/A

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

$40,874

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURIE INMAN	CHIEF EXECUTIVE	40.00	Officer	$40,874	$0	$40,874
PERRY PARKS	CHAIR	1.00	Officer Director	$0	$0	$0
CAPRICE YOUNG	TREASURER	1.00	Officer Director	$0	$0	$0
NATALIE ETHRIDGE	MEMBER	1.00	Director	$0	$0	$0
ALFONSO PAZ	MEMBER	1.00	Director	$0	$0	$0
RICARDO MIRELES	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
2021	No data	$106,266	No data	No data
2020	$34,208	$159,021	$106,528	$-124,813
2019	$8,074	$377,333	$243,668	$-369,259

THE CENTER FOR INDEPENDENT CHARTER SCHOOLS