PREEMINENT CHARTER SCHOOL INC

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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

1997

Legal Domicile

Phone

6162221700

Tax Period

2024-07-01 to 2025-06-30

PREEMINENT CHARTER SCHOOL INC, founded in 1997, is a community nonprofit in the Education sector that reported $9.4M in total revenue in fiscal year 2024.

Mission

TO OPERATE A PUBLIC SCHOOL ACADEMY 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: $7,260,775 Revenue: $78,179

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

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

Program 2

Expenses: $390,268

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

OPERATED A SCHOOL FOOD SERVICE PROGRAM AT THE PUBLIC SCHOOL ACADEMY DESCRIBED ABOVE. THE SCHOOL OFFERS FREE OR REDUCED LUNCH FOR FAMILIES THAT QUALIFY. FUNDING FOR THE FOOD SERVICE PROGRAM WAS PROVIDED BY THE USDA FOOD AND NUTRITION SERVICE IN THE AMOUNT OF $433,625.

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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 $9,299,597

Program Service Revenue $43,179

Investment Income $0

Other Revenue $35,000

TOTAL REVENUE $9,377,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,056,664

Fundraising Expenses $0

Program Expenses $7,651,043

Other Expenses $5,282,676

TOTAL EXPENSES $9,339,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,377,776	$9,314,889	+0.0%
Expenses	$9,339,340	$9,259,067	+0.0%
Net Income	$38,436	$55,822	-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

161

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
ANDREA ANDERSON	TREASURER	1.0	Officer Director	$0	$0	$0
NADIA KAZE	SECRETARY	1.0	Officer Director	$0	$0	$0
TERRY GETZOFF	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
TONIA RICHARDSON	PRESIDENT	1.0	Officer Director	$0	$0	$0
CHESSELEY ROBINSON	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	$9,377,776	$9,339,340	$1,864,903	$38,436
2024	No data	No data	No data	No data
2023	$8,612,898	$8,581,922	$700,571	$30,976
2022	$8,206,477	$8,127,978	$729,290	$78,499
2021	$7,902,732	$7,882,599	$694,231	$20,133
2020	$7,130,699	$7,117,289	$262,453	$13,410
2019	$6,420,076	$6,456,126	$81,644	$-36,050
2018	$5,723,872	$5,735,283	$123,854	$-11,411