RED RIVER CHARTER ACADEMY (EIN 462323443) - 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

Principal Officer

CHARLES JONES

Tax Period

2023-08-01 to 2024-07-31

RED RIVER CHARTER ACADEMY, founded in 2012, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 32% operating deficit.

Mission

Organization's Mission or Most Significant Activities.Red River Charter Academy, Inc. is a non-profit entity organized for educational purposes. RRCA will promote positive moral and social values, foster an atmosphere of self-discipline in a safe learning environment and maximize individual productivity to meet the needs of a changing global society.

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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 $779,071

Program Service Revenue $1,332,124

Investment Income $0

Other Revenue $38,515

TOTAL REVENUE $2,149,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,282,262

Fundraising Expenses $0

Program Expenses $2,303,261

Other Expenses $1,560,224

TOTAL EXPENSES $2,842,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,149,710	$3,049,356	-0.3%
Expenses	$2,842,486	$2,922,273	0.0%
Net Income	$-692,776	$127,083	-6.5%

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

N/A

Employees

Volunteers

N/A

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

$106,299

Total Directors

$106,299

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES JONES	DIRECTOR	40.00	Officer Director	$106,299	$0	$106,299
STANLEY CELESTINE JR	PRESIDENT	1.00	Director	$0	$0	$0
KENNETH PICKETT	MEMBER	1.00	Director	$0	$0	$0
DANIELLE BLANCHARD	MEMBER	1.00	Director	$0	$0	$0
BRUCE JACKSON	MEMBER	1.00	Director	$0	$0	$0
JOHN STASSI	MEMBER	1.00	Director	$0	$0	$0
REV GARY FORD	MEMBER	1.00	Director	$0	$0	$0
PAT OURS	MEMBER	1.00	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
2024	$2,149,710	$2,842,486	$958,861	$-692,776
2023	$3,049,356	$2,922,273	$1,600,559	$127,083
2022	$2,220,245	$2,303,387	$1,516,829	$-83,142
2021	$2,827,575	$1,787,223	$1,484,417	$1,040,352

RED RIVER CHARTER ACADEMY