BOLD CITY EDUCATION INC (FKA RIVER CITY EDUCATION ORGANIZATION ) (EIN 462612875) - 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

JERRY JEAKLE

Phone

9044251725

Tax Period

2022-07-01 to 2023-06-30

BOLD CITY EDUCATION INC (FKA RIVER CITY EDUCATION ORGANIZATION ), founded in 2012, is a mid-sized nonprofit in the Education sector that reported $16.7M in total revenue in fiscal year 2022. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

TO OPERATE A PUBLIC CHARTER SCHOOL IN THE STATE OF FLORIDA. AT BOLD CITY EDUCATION, WE EQUIP STUDENTS WITH THE RELEVANT KNOWLEDGE, APPLICABLE SKILLS AND A GROWTH MINDSET THAT EMPOWERS THEM TO BE SUCCESSFUL, PRODUCTIVE CITIZENS WITHIN THEIR LOCAL AND GLOBAL COMMUNITIES. OUR YOUNG PEOPLE ARE LEARNING TODAY SO THEY WILL LEAD TOMORROW.

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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 $15,682,428

Program Service Revenue $342,820

Investment Income $0

Other Revenue $711,722

TOTAL REVENUE $16,736,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,395,786

Fundraising Expenses $0

Program Expenses $13,536,741

Other Expenses $10,086,146

TOTAL EXPENSES $17,481,932

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,736,970	$10,591,856	+0.6%
Expenses	$17,481,932	$9,724,265	+0.8%
Net Income	$-744,962	$867,591	-1.9%

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

288

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH MATHIS	DIRECTOR	2.00	Director	$0	$0	$0
JERRY JEAKLE	DIRECTOR, TREASURER	2.00	Officer Director	$0	$0	$0
GARY WHEELER	DIRECTOR, SECRETARY, VICE CHAIR	2.00	Officer Director	$0	$0	$0
JUAN CARLOS GONZALEZ	DIRECTOR, CHAIR	2.00	Officer Director	$0	$0	$0
BONNIE ARNOLD	DIRECTOR, FOUNDING CHAIR	2.00	Officer Director	$0	$0	$0
ALAN HALL	CEO	40.00	Highest	$185,000	$0	$185,000
AMANDA GLANCY	COO	40.00	Highest	$113,307	$0	$113,307
SAUL BLOOM	CHIEF OF STAFF	40.00	Highest	$129,310	$0	$129,310
JOHN RISNER	SUPERINTENDENT	40.00	Highest	$135,603	$0	$135,603
RYAN REWEY	VP OF BUSINESS AFFAIRS	40.00	Highest	$110,786	$0	$110,786

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	$16,736,970	$17,481,932	$73,577,525	$-744,962
2022	$10,591,856	$9,724,265	$42,606,971	$867,591
2021	$7,864,021	$8,979,604	$21,815,598	$-1,115,583
2020	$3,636,727	$4,013,018	$14,883,740	$-376,291
2019	$2,644,609	$2,780,782	$348,375	$-136,173
2018	$2,375,953	$2,330,769	$329,686	$45,184

BOLD CITY EDUCATION INC (FKA RIVER CITY EDUCATION ORGANIZATION )