Mountain Island Charter School SOAR Foundation (EIN 461445063) - 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

Brett Rhinehardt

Phone

7046092307

Tax Period

2023-07-01 to 2024-06-30

Mountain Island Charter School SOAR Foundation, founded in 2012, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 5% surplus.

Mission

The foundation was created for the purpose of supporting Mountain Island Charter School by providing financial support of the expansion and continuous improvement of the educational functions of the school.

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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 $442,960

Program Service Revenue $2,278,060

Investment Income $225,661

Other Revenue $23,214

TOTAL REVENUE $2,969,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,792,388

Other Expenses $2,821,325

TOTAL EXPENSES $2,821,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,969,895	$2,584,052	+0.1%
Expenses	$2,821,325	$2,724,672	+0.0%
Net Income	$148,570	$-140,620	-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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brett Rhinehardt	Chair	5.00	Officer Director	$0	$0	$0
Eric LaForce	Member	5.00	Director	$0	$0	$0
Kimberly Tadlock	Secretary	5.00	Officer Director	$0	$0	$0
Allyson O'Regan	Member	5.00	Director	$0	$0	$0
Mike Strauss	Member	5.00	Director	$0	$0	$0
Jenny Curry	Treasurer	5.00	Officer Director	$0	$0	$0
Kevin Wiley	Member	5.00	Director	$0	$0	$0
Nicole Swanson	Member	5.00	Director	$0	$0	$0
Chad Stachowicz	Member	5.00	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
2025	No data	No data	No data	No data
2024	$2,969,895	$2,821,325	$33,272,252	$148,570
2023	$2,584,052	$2,724,672	$33,638,346	$-140,620
2022	$2,290,382	$2,842,704	$34,289,732	$-552,322
2021	$2,195,319	$2,892,626	$35,322,692	$-697,307
2020	$2,237,028	$2,685,848	$36,487,744	$-448,820
2019	$1,960,762	$2,604,851	$38,539,727	$-644,089
2018	$1,793,428	$1,629,729	$39,279,584	$163,699

Mountain Island Charter School SOAR Foundation