MIDLANDS STEM CHARTER SCHOOL

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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

OUR MISSION IS TO PRODUCE STEM PROFICIENT, PHYSICALLY FIT STUDENTS. OUR GOAL IS TO PREPARE YOUTH FOR THE FUTURE BY EQUIPPING THEM WITH THE SKILLS THEY NEED FOR GAINFUL EMPLOYMENT AND HEALTHY LIVES.

Program Service Accomplishments

Program 1

Expenses: $3,630,951 Revenue: $24,190

MIDLANDS STEM CHARTER SCHOOL (MSCS) OFFERS A UNIQUE OPPORTUNITY FOR STUDENTS TO OBTAIN A HIGH QUALITY EDUCATION IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM). MSCS IS A TUITION-FREE...

MIDLANDS STEM CHARTER SCHOOL (MSCS) OFFERS A UNIQUE OPPORTUNITY FOR STUDENTS TO OBTAIN A HIGH QUALITY EDUCATION IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM). MSCS IS A TUITION-FREE PUBLIC CHARTER SCHOOL AND OPENED IN AUGUST 2014. MSCS'S MISSION IS TO PRODUCE ACADEMICALLY AND PHYSICALLY FIT STEM PROFICIENT STUDENTS. MSI OFFERS PARENTS AND GUARDIANS A CHOICE OF TRADITIONAL GRADE STRUCTURES OR MULTI-AGE LEARNING ENVIRONMENTS, AND THE OPTION OF FACE-TO-FACE OR ONLINE DISTANCE LEARNING. IN ADDITION TO PROVIDING AN ALTERNATIVE TO TRADITIONAL PUBLIC SCHOOL OR PRIVATE SCHOOL EDUCATIONAL OPTIONS, MSCS SERVES KINDERGARTEN (AGE 5) STUDENTS THROUGH 11TH GRADE AND ADDS A GRADE EVERY YEAR UNTIL MATRICULATION AT 12TH GRADE. AT MSCS, STUDENTS HAVE LEARNING OPPORTUNITIES THAT HELP THEM SET COURSES FOR PRODUCTIVE FUTURES. MSI'S GOAL IS TO PREPARE OUR YOUTH FOR THE FURTURE BY EQUIPPING THEM WITH THE SKILLS THEY NEED FOR GAINFUL EMPLOYMENT AND HEALTHY LIVES. STEM EDUCATION GOES WELL BEYOND TRADITIONAL SCHOOL CURRICULUM, AND OPENS AVENUES FOR STUDENTS IN A VARIETY OF FIELDS. STUDENTS AT MSI LEARN THROUGH ENGAGING AND CHALLENGING EXPERIENCES THAT FOCUS ON PROBLEM-SOLVING IN REAL WORLD SETTINGS. MSI'S HEALTH AND FITNESS PROGRAM FOCUSES ON PHYSICAL FITNESS, WELL-BEING, DIET, AND NUTRITION. MSCS IS FOCUSED ON STEM EDUCATION, BUT ALSO PROVIDES SPANISH LANGUAGE INSTRUCTION, ART, MUSIC, SPORTS, CLUBS, AND CULTURAL EXPERIENCES.

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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