GATE CITY CHARTER SCHOOL FOR THE ARTS (EIN 463336228) - 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

2013

Legal Domicile

Principal Officer

DANIELLE CHAREST

Phone

6034935273

Tax Period

2022-07-01 to 2023-06-30

GATE CITY CHARTER SCHOOL FOR THE ARTS, founded in 2013, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE GATE CITY CHARTER SCHOOL FOR THE ARTS IS TO USE AN ARTS-INTEGRATED CURRICULUM TO EDUCATE ALL INTERESTED STUDENTS IN GRADES K- 8, TO PRODUCE GRADUATES WHO EXCEL IN BOTH ACADEMICS AND THE ARTS AND HAVE THE KNOWLEDGE, CREATIVITY AND INQUISITIVE NATURE THAT FOSTER A LIFE-LONG LOVE OF LEARNING.

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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 $1,559,922

Program Service Revenue $67,202

Investment Income $80

Other Revenue $0

TOTAL REVENUE $1,627,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,173,004

Fundraising Expenses $120

Program Expenses $1,360,451

Other Expenses $479,378

TOTAL EXPENSES $1,652,382

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,627,204	$1,416,505	+0.1%
Expenses	$1,652,382	$1,581,702	+0.0%
Net Income	$-25,178	$-165,197	-0.8%

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

$44,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE CHAREST	CHAIR	2.00	Officer Director	$0	$0	$0
SARAH MARCHAND	CO-CHAIR	2.00	Officer Director	$0	$0	$0
SARAH THIBEAULT	SECRETARY	2.00	Officer Director	$0	$0	$0
NEIL MAHONEY	TRUSTEE	1.00	Director	$0	$0	$0
GRACE CAVALLO	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER BLANCHETTE	DIRECTOR	40.00	Officer	$44,426	$0	$44,426

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	$1,627,204	$1,652,382	$174,146	$-25,178
2022	$1,416,505	$1,581,702	$182,916	$-165,197
2021	$1,441,405	$1,411,236	$402,137	$30,169
2020	$1,322,566	$1,410,050	$264,771	$-87,484
2019	$1,518,085	$1,504,248	$453,271	$13,837
2018	$1,314,890	$1,251,609	$404,611	$63,281

GATE CITY CHARTER SCHOOL FOR THE ARTS