MIDLANDS STEM CHARTER SCHOOL (EIN 463368831) - 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

KEVIN THOMAS

Phone

8038151524

Tax Period

2024-07-01 to 2025-06-30

MIDLANDS STEM CHARTER SCHOOL, founded in 2012, is a community nonprofit in the Education sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $4.5M left a modest 6% surplus.

Mission

MIDLANDS STEM CHARTER SCHOOL OFFERS A UNIQUE OPPORTUNITY FOR STUDENTS TO EARN A HIGH QUALITY EDUCATION IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM).

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,763,953

Program Service Revenue $24,190

Investment Income $592

Other Revenue $0

TOTAL REVENUE $4,788,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,421,308

Fundraising Expenses $0

Program Expenses $3,630,951

Other Expenses $2,067,731

TOTAL EXPENSES $4,489,039

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,788,735	$3,639,814	+0.3%
Expenses	$4,489,039	$3,442,876	+0.3%
Net Income	$299,696	$196,938	+0.5%

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

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

$106,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN THOMAS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KIZZIE SMALLS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LAUREN BECK	SECRETARY	1.00	Officer Director	$0	$0	$0
DAN CAMPBELL	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES WELCH	DIRECTOR	1.00	Director	$0	$0	$0
MARK JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
EMILY ESTEP	DIRECTOR	1.00	Director	$0	$0	$0
LIONEL KENNEDY	CEO	40.00	Officer	$106,000	$0	$106,000

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	$4,788,735	$4,489,039	$1,148,436	$299,696
2024	$3,639,814	$3,442,876	$932,708	$196,938
2023	$2,902,087	$3,051,375	$692,716	$-149,288
2022	$2,805,574	$2,685,240	$870,308	$120,334
2021	$2,974,072	$2,476,148	$849,460	$497,924
2020	$2,100,157	$2,249,804	$640,136	$-149,647
2019	$2,372,301	$3,314,950	$344,869	$-942,649
2018	$2,345,259	$1,991,551	$1,630,618	$353,708

MIDLANDS STEM CHARTER SCHOOL