DORAL ACADEMY OF COLORADO INC (EIN 475405969) - 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

2015

Legal Domicile

Phone

7204288443

Tax Period

2023-07-01 to 2024-06-30

DORAL ACADEMY OF COLORADO INC, founded in 2015, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $3.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

Form 990 - Organizations Mission Doral Academy of Colorado DAC is a tuition free public K-12 charter school located in Westminster Colorado. The mission of DAC is to maximize student potential using an arts-integrated curriculum to educate the whole child. Doral will actively engage families and the community in this pursuit.

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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 $127,563

Program Service Revenue $2,160,051

Investment Income $226,117

Other Revenue $468,149

TOTAL REVENUE $2,981,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,827,830

Fundraising Expenses $0

Program Expenses $1,437,975

Other Expenses $1,782,050

TOTAL EXPENSES $3,609,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,981,880	$2,354,538	+0.3%
Expenses	$3,609,880	$2,822,032	+0.3%
Net Income	$-628,000	$-467,494	+0.3%

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

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
Heather Sparks	Board Chair	2.00	Officer Director	$0	$0	$0
Heather Pope	Vice-Chair	2.00	Officer Director	$0	$0	$0
Kandace Lucas	Secretary	2.00	Officer Director	$0	$0	$0
Les Esplin	Treasurer	2.00	Officer Director	$0	$0	$0
Jim Weigand	Vice Chair	2.00	Officer Director	$0	$0	$0
Arley Blanco	Principal	40.00	Highest	$130,000	$26,520	$156,520

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	$2,981,880	$3,609,880	$23,862,414	$-628,000
2023	$2,354,538	$2,822,032	$25,905,781	$-467,494
2022	$5,342,822	$1,944,084	$24,866,194	$3,398,738
2021	$2,228,600	$1,200,077	$1,508,816	$1,028,523

DORAL ACADEMY OF COLORADO INC