ROCKETSHIP EDUCATION DC PUBLIC CHA… - Form 990 Financial Data

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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

BENJAMIN CARSON

Phone

2026272256

Tax Period

2024-07-01 to 2025-06-30

ROCKETSHIP EDUCATION DC PUBLIC CHARTER SCHOOL INC, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $41.4M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $40.1M left a modest 3% surplus.

Mission

ROCKETSHIP EDUCATION DC PUBLIC CHARTER SCHOOL IS A NON-PROFIT CORPORATION WHOSE MISSION IS TO ELIMINATE THE ACHIEVEMENT GAP BY BUILDING A SCALABLE AND SUSTAINABLE SCHOOL MODEL THAT PROPELS STUDENT ACHIEVEMENT IN UNDERSERVED COMMUNITIES. THE CORE OF ROCKETSHIP'S INSTRUCTIONAL MODEL IS A TEACHER-LED, TECHNOLOGY SUPPORTED APPROACH TO PERSONALIZED LEARNING THAT MATCHES EACH STUDENT WITH THE RIGHT CONTENT AT THE RIGHT TIME UTILIZING THE RIGHT METHOD OF INSTRUCTION. BY DEEPLY ENGAGING PARENTS IN THEIR STUDENT'S LEARNING AND THE SCHOOL COMMUNITY, ROCKETSHIP DEVELOPS PARENTS WHO BECOME LIFELONG ADVOCATES FOR THEIR CHILDREN AND THEIR COMMUNITY. WORKING ALONGSIDE PARENTS, COMMUNITY ORGANIZATIONS, DISTRICTS, AND OTHER CHARTER SCHOOLS, ROCKETSHIP IS CATALYZING A MOVEMENT TO ELIMINATE THE ACHIEVEMENT GAP IN OUR LIFETIME.

Program Service Accomplishments

Program 1

Expenses: $35,024,945 Revenue: $191,107

ROCKETSHIP DC RISE ACADEMY, A PUBLIC ELEMENTARY CHARTER SCHOOL AT 2335 RAYNOLDS PLACE SE IN WARD 8, AND ROCKETSHIP LEGACY PREP, LOCATED AT 4250 MASSACHUSETTS AVE SE, CONTINUED TO HAVE STRONG...

ROCKETSHIP DC RISE ACADEMY, A PUBLIC ELEMENTARY CHARTER SCHOOL AT 2335 RAYNOLDS PLACE SE IN WARD 8, AND ROCKETSHIP LEGACY PREP, LOCATED AT 4250 MASSACHUSETTS AVE SE, CONTINUED TO HAVE STRONG ENROLLMENT SERVING MORE STUDENTS AND FAMILIES. IN AUGUST 2021, ROCKETSHIP SUCCESSFULLY OPENED ITS THIRD SCHOOL, ROCKETSHIP INFINITY COMMUNITY PREP, AT 5450 3RD STREET NE, WASHINGTON, D.C. 20011. ROCKETSHIP DC WAS ALSO ABLE TO QUICKLY MOVE TO FULLY SERVE STUDENTS AND FAMILIES IN A DISTANCE LEARNING MODEL IN SPRING 2021 WITH STUDENTS HAVING 1:1 ACCESS TO REMOTE TECHNOLOGY, DISTANCE LEARNING CURRICULUM, AND FAMILY SUPPORTS.

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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 $38,204,194

Program Service Revenue $191,107

Investment Income $519,198

Other Revenue $2,441,561

TOTAL REVENUE $41,356,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,401,006

Fundraising Expenses $0

Program Expenses $35,024,945

Other Expenses $27,653,303

TOTAL EXPENSES $40,054,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,356,060	$43,678,438	-0.1%
Expenses	$40,054,309	$42,973,424	-0.1%
Net Income	$1,301,751	$705,014	+0.8%

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

Governance

Voting Members

Independent Members

Employees

217

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

$665,918

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRESTON SMITH	CEO	5.00	Officer	$0	$59,582	$377,475
BENJAMIN CARSON	CFO	5.00	Officer	$0	$15,159	$288,443
CANDICE BOBO	DIRECTOR, SCHOOLS, DC	40.00	Highest	$193,825	$7,385	$201,210
ASHLEE WATSON	REGIONAL DIRECTOR CULTURE	40.00	Highest	$151,136	$20,398	$171,534
LATOYA PETERSON	PRINCIPAL	40.00	Highest	$160,148	$10,646	$170,794
ZAKIYA SACKOR	DIRECTOR, SCHOOLS, DC	40.00	Highest	$147,884	$21,821	$169,705
JEANICE STEWART	PRINCIPAL	40.00	Highest	$124,161	$44,044	$168,205
RENA JOHNSON	CHAIR	2.00	Officer Director	$0	$0	$0
MELISSA MARTIN	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
KAMUZU SAUNDERS	TREASURER	2.00	Officer Director	$0	$0	$0
MATT AARON	DIRECTOR	2.00	Director	$0	$0	$0
JOLENE SLOTER	DIRECTOR	2.00	Director	$0	$0	$0
NANA APENEM HANSON-HALL	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN MARCUS	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER MCMANUS	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL TOMMELLEO	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN BAKEWELL	DIRECTOR	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	$41,356,060	$40,054,309	$125,766,364	$1,301,751
2024	$43,678,438	$42,973,424	$129,899,579	$705,014
2023	$45,066,377	$44,352,062	$126,469,795	$714,315
2022	$41,166,107	$42,997,292	$10,515,344	$-1,831,185
2021	$35,972,455	$35,097,892	$9,274,221	$874,563
2020	$28,941,307	$28,399,915	$6,884,975	$541,392
2019	$23,527,801	$24,844,253	$4,532,495	$-1,316,452
2018	$15,307,955	$15,937,979	$4,016,080	$-630,024

ROCKETSHIP EDUCATION DC PUBLIC CHARTER SCHOOL INC