ASA CHARTER SCHOOL INC (EIN 562490312) - 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

2005

Legal Domicile

Principal Officer

SUSAN LUCEY

Phone

9094753322

Tax Period

2023-07-01 to 2024-06-30

ASA CHARTER SCHOOL INC, founded in 2005, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $6.7M left a modest 7% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE STUDENTS AN OPPORTUNITY FOR ACADEMIC, TECHNOLOGICAL, AND PERSONAL SKILLS, CONTINUING EDUCATIONS, AND AWARENESS OF SELF AND OTHERS.

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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 $7,162,824

Program Service Revenue $0

Investment Income $46

Other Revenue $0

TOTAL REVENUE $7,162,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,457,084

Fundraising Expenses $6,624

Program Expenses $5,293,703

Other Expenses $2,221,190

TOTAL EXPENSES $6,678,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,162,870	$6,033,368	+0.2%
Expenses	$6,678,274	$5,350,850	+0.2%
Net Income	$484,596	$682,518	-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

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

$140,538

Total Directors

$140,538

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GRANDE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
KAREN CRAIG	BOARD VICE C	2.00	Director	$0	$0	$0
ALLYSSA VIGIL	BOARD SECRET	2.00	Director	$0	$0	$0
JAMES SOWARD	CLERK	2.00	Director	$0	$0	$0
JACQUE AUSTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
ASHLEY ZARATE	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN LUCEY	PRINCIPAL	40.00	Officer Director	$117,022	$23,516	$140,538

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	$7,162,870	$6,678,274	$7,674,663	$484,596
2023	$6,033,368	$5,350,850	$7,258,709	$682,518
2022	$4,420,509	$3,583,136	$6,833,201	$837,373
2021	$3,926,633	$3,177,060	$5,017,594	$749,573
2020	$3,644,359	$3,614,970	$4,427,479	$29,389
2019	$3,128,992	$3,511,466	$4,403,284	$-382,474
2018	$2,565,539	$2,822,301	$4,728,295	$-256,762

ASA CHARTER SCHOOL INC