NEVADA CHARTER ACADEMIES

EIN: 464706892 501(c)(3) Education

LAS VEGAS, NV

Total Revenue
$27,177,439
Total Expenses
$27,494,632
Total Assets
$70,476,414
Net Assets
$-4,080,376
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NV
Principal Officer
RACHELLE HULET
Phone
7029706800
Tax Period
2024-07-01 to 2025-06-30

NEVADA CHARTER ACADEMIES, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $27.2M in total revenue in fiscal year 2024.

Mission

AMPLUS ACADEMY OPERATES AS A FREE PUBLIC CHARTER SCHOOL THAT WELCOMES AND HONORS ALL. OUR INTENT IS THAT OUR STUDENTS ACQUIRE KNOWLEDGE AND SKILLS TO BECOME ESTEEMED, DISTINGUISHED, AND PRODUCTIVE CITIZENS WHO PRESERVE THE PILLARS OF A FREE AND JUST 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $25,905,563
Program Service Revenue $834,292
Investment Income $437,584
Other Revenue $0
TOTAL REVENUE $27,177,439

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,814,237
Fundraising Expenses $0
Program Expenses $20,486,377
Other Expenses $9,680,395
TOTAL EXPENSES $27,494,632

Year-over-Year Comparison

2024 2023 Change
Revenue $27,177,439 $26,319,355 +0.0%
Expenses $27,494,632 $25,944,482 +0.1%
Net Income $-317,193 $374,873 -1.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
352
Volunteers
90

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
4
$272,815
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHELLE HULET EXECUTIVE DIRECTOR 40.00
Officer
$217,163 $55,652 $272,815
SARAH BARLOW PRINCIPAL 40.00
Highest
$141,070 $58,053 $199,123
LISA CATES ELEMENTARY PRINCIPAL 40.00
Highest
$105,392 $40,220 $145,612
SABRINA CARRINGTON SECONDARY PRINCIPAL 40.00
Highest
$103,858 $39,469 $143,327
NIKOLOS HULET DIRECTOR OF STUDENT SUPPORT 40.00
Highest
$114,003 $24,991 $138,994
ERNIE ELLIOTT MEMBER 1.00
Director
$0 $0 $0
CANDY FARTHING MEMBER 1.00
Director
$0 $0 $0
RUBY FARTHING MEMBER 1.00
Director
$0 $0 $0
STEVE TORRANCE MEMBER 1.00
Director
$0 $0 $0
MELISSA ST JEAN SECRETARY 1.00
Officer Director
$0 $0 $0
DERRICK PRICE TREASURER 1.00
Officer Director
$0 $0 $0
NAV SINGH PRESIDENT 1.00
Officer 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
2025 $27,177,439 $27,494,632 $70,476,414 $-317,193
2024 $26,319,355 $25,944,482 $68,710,507 $374,873
2023 $20,319,330 $22,889,048 $67,768,966 $-2,569,718
2022 $19,275,599 $20,319,294 $65,745,290 $-1,043,695
2021 $18,333,797 $16,569,754 $56,770,215 $1,764,043
2020 $12,574,071 $13,776,942 $54,983,300 $-1,202,871
2019 $12,068,191 $13,434,065 $37,377,022 $-1,365,874
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