Charthouse Public Schools (EIN 471506069) - 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

2014

Legal Domicile

Principal Officer

CANDICE PHILLIPS

Phone

9252351130

Tax Period

2023-07-01 to 2024-06-30

Charthouse Public Schools, founded in 2014, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2023. Expenses of $7.4M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROVIDE A DISTINGUISHED, PRE-PROFESSIONAL EXPERIENCE IN PERFORMING ARTS WITHIN A COLLEGE AND CAREER PREPARATORY SETTING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,472,991

Program Service Revenue $0

Investment Income $42,983

Other Revenue $2,453

TOTAL REVENUE $5,518,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,211,909

Fundraising Expenses $6,373

Program Expenses $4,545,532

Other Expenses $4,171,422

TOTAL EXPENSES $7,383,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,518,427	$5,750,692	0.0%
Expenses	$7,383,331	$7,305,368	+0.0%
Net Income	$-1,864,904	$-1,554,676	+0.2%

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

$153,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE FOSTER	Executive Dir.	40.00	Officer	$128,438	$24,602	$153,040
LYNNA MCPHATTER-HARRIS	Chairman	40.00	Officer Director	$0	$0	$0
ADIAGHA MBONISI	Director	40.00	Officer Director	$0	$0	$0
CHARLES HILL	Director	40.00	Officer Director	$0	$0	$0
HEATHER VEGA	Chairman	40.00	Officer Director	$0	$0	$0
GREG PONIKVAR	Director	40.00	Director	$0	$0	$0
MACKENZIE HENNESSY	Director	40.00	Director	$0	$0	$0
BRIANNA SHAHVAR	N/A	40.00		$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	No data	No data	No data	No data
2024	$5,518,427	$7,383,331	$56,181,146	$-1,864,904
2023	$5,750,692	$7,305,368	$58,256,092	$-1,554,676
2022	$5,641,962	$6,378,671	$15,895,231	$-736,709
2021	$5,549,389	$5,124,784	$16,941,712	$424,605
2020	$4,932,308	$4,781,924	$1,487,646	$150,384
2019	$5,109,526	$4,406,821	$723,297	$702,705
2018	$4,352,848	$4,815,766	$14,952,490	$-462,918

Charthouse Public Schools