ABLE CHARTER SCHOOLS (EIN 455425608) - 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

SUPERINTENDENT

Phone

2094781600

Tax Period

2022-07-01 to 2023-06-30

ABLE CHARTER SCHOOLS, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $20.9M in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $18.6M left a modest 11% surplus.

Mission

PUBLIC CHARTER SCHOOL PROVIDING A UNIQUE EDUCATIONAL EXPERIENCE TO STUDENTS IN SAN JOAQUIN COUNTY.

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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 $20,824,892

Program Service Revenue $105,043

Investment Income $10,593

Other Revenue $0

TOTAL REVENUE $20,940,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,519,970

Fundraising Expenses $0

Program Expenses $16,007,355

Other Expenses $6,098,631

TOTAL EXPENSES $18,618,601

Year-over-Year Comparison

	2022	2021	Change
Revenue	$20,940,528	$16,582,971	+0.3%
Expenses	$18,618,601	$15,227,792	+0.2%
Net Income	$2,321,927	$1,355,179	+0.7%

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

214

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

$287,305

Total Directors

$61,414

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAYLA ZAMORA	PRESIDENT/CHAIR	3.00	Officer Director	$0	$0	$0
ZOEY MERRILL	SECRETARY	3.00	Officer Director	$0	$0	$0
CHUCK MCLAUGHLIN	DIRECTOR	3.00	Director	$0	$0	$0
MANUEL GUIZAR	DIRECTOR	2.00	Director	$0	$0	$0
STEVE PAYNE	DIRECTOR/DISTRICT REP.	2.00	Director	$0	$0	$0
ERIKA SMITH	TREASURER/VICE CHAIR/STAFF	40.00	Officer Director	$60,024	$1,390	$61,414
WILMA OKAMOTO VAUGHN	PRESIDENT EMERITUS	2.00	Director	$0	$0	$0
CLEM LEE	SUPERINTENDENT	40.00	Officer	$173,668	$52,223	$225,891
TIM LEBAS	CHIEF COMPLIANCE OFFICER	40.00	Highest	$121,800	$0	$121,800
JOSH REYMAN	DEPUTY SUPERINTENDENT	40.00	Highest	$142,685	$31,474	$174,159
JULIE L GARD	DIRECTOR OF CURRICULUM	40.00	Highest	$121,429	$21,857	$143,286
JULIE PORTA	ASST. SUPT./MS PRINCIPAL	40.00	Highest	$121,670	$30,439	$152,109
KERRI SCROOPE	HS PRINCIPAL/ATHLETIC DIRECTOR	40.00	Highest	$118,620	$22,600	$141,220

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	$20,940,528	$18,618,601	$38,433,825	$2,321,927
2022	$16,582,971	$15,227,792	$12,293,458	$1,355,179
2021	$15,366,644	$11,622,045	$10,413,267	$3,744,599
2020	$12,871,387	$12,467,711	$6,602,747	$403,676
2019	$10,266,826	$10,028,130	$4,919,723	$238,696
2018	$9,311,694	$7,959,119	$4,223,247	$1,352,575

ABLE CHARTER SCHOOLS