NEXT CHARTER SCHOOL (EIN 455616935) - 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

2012

Legal Domicile

Principal Officer

KRISTEN KORTZ

Phone

6034376398

Tax Period

2024-07-01 to 2025-06-30

NEXT CHARTER SCHOOL, founded in 2012, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 8% surplus.

Mission

THE MISION OF NEXT CHARTER SCHOOL IS TO MEET THE NEEDS OF STUDENTS NOT FULLY SERVED WITHIN A TRADITIONAL HIGH SCHOOL EDUCATIONAL PROGRAM,AND TO EMPLOY A SYSTEM OF INSTRUCTIONAL AND ASSESSMENT PRATICES THAT VALUES COMPETENCY, INQUIRY, FLEXIBILITY, AND THE SOCIAL NATURE OF LEARNING SO THAT STUDENTS WILL GRADUATE AND INITIATE POST-SECONDARY LEARNING OPTIONS.

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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 $957,216

Program Service Revenue $936,369

Investment Income $26,644

Other Revenue $0

TOTAL REVENUE $1,920,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,448,546

Fundraising Expenses $0

Program Expenses $1,337,294

Other Expenses $320,776

TOTAL EXPENSES $1,769,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,920,229	$1,972,577	0.0%
Expenses	$1,769,322	$1,789,900	0.0%
Net Income	$150,907	$182,677	-0.2%

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

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

$121,206

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN KORTZ	CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER LAGUE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BETH CARRASQUILLO	TREASURER	1.00	Officer Director	$0	$0	$0
KERRY MATHESON	SECRETARY	1.00	Officer Director	$0	$0	$0
DOUG RATHBURN	TRUSTEE	0.50	Director	$0	$0	$0
ISOBEL GRAVES	TRUSTEE	0.50	Director	$0	$0	$0
JONATHAN DUGAN	TRUSTEE	0.50	Director	$0	$0	$0
NICHOLE REIMER	TRUSTEE	0.50	Director	$0	$0	$0
TARA VERRETTE	TRUSTEE	0.50	Director	$0	$0	$0
IAN GRAVES	TRUSTEE	0.50	Director	$0	$0	$0
DAVID CLAPP	TRUSTEE	0.50	Director	$0	$0	$0
JOE CRAWFORD	TRUSTEE	0.50	Director	$0	$0	$0
EMILY WHALEN	HEAD OF SCHO	40.00	Officer	$121,206	$0	$121,206

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	$1,920,229	$1,769,322	$2,173,546	$150,907
2024	No data	No data	No data	No data
2023	$1,695,719	$1,588,860	$1,896,169	$106,859
2022	$1,664,118	$1,459,143	$1,803,956	$204,975
2021	$1,566,893	$1,480,418	$1,277,628	$86,475
2020	$1,325,360	$1,240,938	$558,556	$84,422
2019	$1,032,830	$986,854	$521,192	$45,976

NEXT CHARTER SCHOOL