FRIENDS OF IMPACT CHARTER SCHOOLS

EIN: 472398219 501(c)(3) Education

Baker, LA

Total Revenue
$583,000
Total Expenses
$276,600
Total Assets
$1,686,628
Net Assets
$-6,836,987
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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
LA
Principal Officer
Lakeisha Robertson
Tax Period
2023-07-01 to 2024-06-30

FRIENDS OF IMPACT CHARTER SCHOOLS, founded in 2014, is a small nonprofit in the Education sector that reported $583K in total revenue in fiscal year 2023. The organization ran a surplus of $306K, a strong 53% operating margin.

Mission

Friends of Impact Charter Schools mission is to support the mission, vision as well the educational and operational activities of Impact Charter School.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $75,500
Investment Income $0
Other Revenue $507,500
TOTAL REVENUE $583,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $75,500
Other Expenses $276,600
TOTAL EXPENSES $276,600

Year-over-Year Comparison

2023 2022 Change
Revenue $583,000 N/A N/A
Expenses $276,600 N/A N/A
Net Income $306,400 $0 N/A
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
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chakesha Scott Registered Agent 5.00
$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
2024 $583,000 $276,600 $1,686,628 $306,400
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