Exploration High 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

2014

Legal Domicile

Principal Officer

Dave Heighington

Phone

3202481135

Tax Period

2023-07-01 to 2024-06-30

Exploration High School, founded in 2014, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 13% operating deficit.

Mission

Built upon a foundation of academic excellence and a mindset to drive change, Exploration High School graduates are empowered with 21st century skills to solve the problems of their communities.

Program Service Accomplishments

Program 1

Expenses: $1,426,016 Revenue: $563

The school completed the year serving an ADM of 107. Exploration is focused on student led learning and building individual learning experiences for all.

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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 $1,567,497

Program Service Revenue $563

Investment Income $0

Other Revenue $5,105

TOTAL REVENUE $1,573,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,175,335

Fundraising Expenses $0

Program Expenses $1,426,016

Other Expenses $603,434

TOTAL EXPENSES $1,778,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,573,165	$1,270,537	+0.2%
Expenses	$1,778,769	$1,365,656	+0.3%
Net Income	$-205,604	$-95,119	+1.2%

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

$92,000

Total Directors

$147,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nathan Strenge	Board Chair	5.00	Officer Director	$0	$0	$0
Ryan Rodriguez	Treasurer	5.00	Officer Director	$0	$0	$0
Stephen Kemp	Secretary	5.00	Officer Director	$0	$0	$0
Dave Heighington	School Director	40.00	Officer Director	$92,000	$0	$92,000
Liz Ford	Member /Teacher	40.00	Director	$49,659	$5,911	$55,570
Amelia Corl	Member	2.00	Director	$0	$0	$0
Dana Evans	Member	2.00	Director	$0	$0	$0
Shaniqua Edwards	Member	2.00	Director	$0	$0	$0
Jay Dean	Member	2.00	Director	$0	$0	$0
Beth Karges	Member	2.00	Director	$0	$0	$0
Jemar Lee	Member	2.00	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	No data	No data	No data	No data
2024	$1,573,165	$1,778,769	$598,444	$-205,604
2023	$1,270,537	$1,365,656	$653,262	$-95,119
2022	$1,032,411	$935,663	$369,192	$96,748