Boulware Springs Charter School Inc

EIN: 460617894 501(c)(3) Education

Gainesville, FL

Total Revenue
$1,904,361
Total Expenses
$2,106,561
Total Assets
$2,094,446
Net Assets
$888,140
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
FL
Principal Officer
Tiffany White
Phone
3522449732
Tax Period
2023-07-01 to 2024-06-30

Boulware Springs Charter School Inc, founded in 2012, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

Boulware Springs Charter School is a public, non-for-profit charter school located in Gainesville, FL that serves kindergarten through fifth grade students in Alachua 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,751,178
Program Service Revenue $139,844
Investment Income $13,339
Other Revenue $0
TOTAL REVENUE $1,904,361

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,628,445
Fundraising Expenses $0
Program Expenses $1,984,338
Other Expenses $478,116
TOTAL EXPENSES $2,106,561

Year-over-Year Comparison

2023 2022 Change
Revenue $1,904,361 $1,754,763 +0.1%
Expenses $2,106,561 $1,572,512 +0.3%
Net Income $-202,200 $182,251 -2.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
37
Volunteers
10

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
3
$97,151
Total Directors
10
$97,151
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tiffany White Director 40.00
Officer Director
$97,151 $0 $97,151
CarolNagheme Thomas Board member - parent representative 1.00
Director
$0 $0 $0
Marci Leary Board member 1.00
Director
$0 $0 $0
Austin Young Board member 1.00
Director
$0 $0 $0
Cindy Boulware Board member 1.00
Director
$0 $0 $0
Cassie Macias Board member 1.00
Director
$0 $0 $0
Megan Lane Board member 1.00
Director
$0 $0 $0
Steve Bradford Board member 1.00
Director
$0 $0 $0
Kay Abbitt Board chair 1.00
Officer Director
$0 $0 $0
Audrey Sommer Vice chair 1.00
Officer 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 $1,904,361 $2,106,561 $2,094,446 $-202,200
2023 $1,754,763 $1,572,512 $1,493,362 $182,251
2022 $1,756,361 $1,709,434 $1,357,722 $46,927
2021 $1,667,165 $1,392,409 $1,005,113 $274,756
2020 $1,381,136 $1,283,537 $944,927 $97,599
2019 $1,315,294 $1,232,834 $701,247 $82,460
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