PEAK CHARTER ACADEMY

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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

2016

Legal Domicile

Phone

6162221700

Tax Period

2024-07-01 to 2025-06-30

PEAK CHARTER ACADEMY, founded in 2016, is a community nonprofit in the Education sector that reported $8.8M in total revenue in fiscal year 2024.

Mission

TO OPERATE A PUBLIC CHARTER SCHOOL AND TO PROVIDE EDUCATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE BASED ON RIGOROUS TEACHING METHODS, PARENTAL INVOLVEMENT, STUDENT RESPONSIBILITY, AND BASIC MORAL VALUES. ENROLLMENT IS OPEN TO ALL APPROPRIATELY AGED CHILDREN WITHOUT REGARD TO GENDER, ETHNIC BACKGROUND, DISABILITY, AND/OR RELIGIOUS AFFILIATION.

Program Service Accomplishments

Program 1

Expenses: $7,055,718 Revenue: $161,985

OPERATED AN EDUCATIONAL INSTITUTION ORGANIZED AS A PUBLIC SCHOOL ACADEMY. THE ACADEMY PROVIDES EDUCATION, AT NO COST TO THE PARENT, TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. THE ACADEMY...

OPERATED AN EDUCATIONAL INSTITUTION ORGANIZED AS A PUBLIC SCHOOL ACADEMY. THE ACADEMY PROVIDES EDUCATION, AT NO COST TO THE PARENT, TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. THE ACADEMY OPERATES UNDER A CHARTER APPROVED BY THE NORTH CAROLINA STATE BOARD OF EDUCATION.

Program 2

Expenses: $126,637 Revenue: $56,090

OPERATED A SCHOOL FOOD SERVICE PROGRAM AT THE PUBLIC SCHOOL ACADEMY DESCRIBED ABOVE. THE ACADEMY OFFERS FREE OR REDUCED LUNCH FOR FAMILIES THAT QUALIFY. FUNDING FOR THIS PROGRAM WAS PROVIDED BY THE...

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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 $8,626,280

Program Service Revenue $183,075

Investment Income $0

Other Revenue $35,000

TOTAL REVENUE $8,844,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,320,939

Fundraising Expenses $0

Program Expenses $7,182,355

Other Expenses $5,515,267

TOTAL EXPENSES $8,836,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,844,355	$8,894,320	0.0%
Expenses	$8,836,206	$8,909,939	0.0%
Net Income	$8,149	$-15,619	-1.5%

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

N/A

Volunteers

254

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL WETHERELL	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
MICHELLE DURNER	TREASURER	1.0	Officer Director	$0	$0	$0
SCOTT IDEN	PRESIDENT	1.0	Officer Director	$0	$0	$0
SHERYL HICKMAN	SECRETARY	1.0	Officer Director	$0	$0	$0
DIANE HOLT	DIRECTOR	1.0	Director	$0	$0	$0
GRAY STEWART	DIRECTOR	1.0	Director	$0	$0	$0
PAM STEWART	DIRECTOR	1.0	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	$8,844,355	$8,836,206	$1,610,808	$8,149
2024	$8,894,320	$8,909,939	$1,343,137	$-15,619
2023	$8,271,850	$8,288,835	$676,381	$-16,985
2022	$7,876,096	$7,852,381	$537,232	$23,715
2021	$7,600,142	$7,575,115	$664,658	$25,027
2020	$7,078,084	$7,071,337	$249,828	$6,747
2019	$6,110,745	$6,108,493	$239,817	$2,252
2018	$5,020,697	$5,007,971	$54,130	$12,726