James Irwin Charter Schools (EIN 455047698) - 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

2010

Legal Domicile

Principal Officer

Courtney Kennedy

Phone

7193029004

Tax Period

2023-07-01 to 2024-06-30

James Irwin Charter Schools, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $26.8M in total revenue in fiscal year 2023. Expenses of $24.8M left a modest 7% surplus.

Mission

JICS is a charter school network collaborative and Colorado governmental entity pursuant to C.R.S. 22-30.5-601. JICS operates all aspects, including administrative and teaching components and the employment of personnel for six Colorado charter 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 (2023)

Revenue Breakdown

Contributions & Grants $1,991,793

Program Service Revenue $24,039,611

Investment Income $584,033

Other Revenue $139,728

TOTAL REVENUE $26,755,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,984,597

Fundraising Expenses $8,519

Program Expenses $21,029,741

Other Expenses $8,826,328

TOTAL EXPENSES $24,810,925

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,755,165	$25,409,536	+0.1%
Expenses	$24,810,925	$21,199,842	+0.2%
Net Income	$1,944,240	$4,209,694	-0.5%

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

381

Volunteers

119

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

$282,826

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Sidari	Director	1.00	Director	$0	$0	$0
Jeff Kemp	President	2.00	Officer Director	$0	$0	$0
Greg Swartz	Vice President & Treasurer	2.00	Officer Director	$0	$0	$0
Paula Mensa-Wood	Secretary	2.00	Officer Director	$0	$0	$0
Rob Daugherty	CEO	40.00	Officer	$125,903	$37,635	$163,538
Courtney Kennedy	CFO	40.00	Officer	$92,641	$26,647	$119,288

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	$26,755,165	$24,810,925	$45,759,119	$1,944,240
2023	$25,409,536	$21,199,842	$37,815,460	$4,209,694
2022	$22,515,517	$13,216,403	$32,993,778	$9,299,114
2021	$22,607,696	$12,478,008	$31,929,804	$10,129,688
2020	$20,575,311	$14,202,857	$27,442,741	$6,372,454
2019	$23,610,737	$14,937,647	$24,433,256	$8,673,090
2018	$16,460,139	$24,291,050	$24,559,244	$-7,830,911

James Irwin Charter Schools