SPRING CREEK CHARTER SCHOOL INC (EIN 593472268) - 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

1997

Legal Domicile

Principal Officer

BOBBY TROUT

Phone

3526693275

Tax Period

2024-07-01 to 2025-06-30

SPRING CREEK CHARTER SCHOOL INC, founded in 1997, is a community nonprofit in the Education sector that reported $7.5M in total revenue in fiscal year 2024. Expenses of $8.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PRODUCE A STRONG ACADEMIC STUDENT WITH GOOD JUDGEMENT, DISCIPLINE AND DRIVE.

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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 $658,913

Program Service Revenue $6,736,507

Investment Income $7,004

Other Revenue $131,382

TOTAL REVENUE $7,533,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,144,580

Fundraising Expenses $0

Program Expenses $7,059,041

Other Expenses $2,338,100

TOTAL EXPENSES $8,482,680

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,533,806	$7,676,911	0.0%
Expenses	$8,482,680	$7,082,407	+0.2%
Net Income	$-948,874	$594,504	-2.6%

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

106

Volunteers

205

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

$120,078

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY TROUT	PRESIDENT	0.50	Officer Director	$0	$0	$0
DELORES DEEN	VICE PRESIDENT	0.50	Director	$0	$0	$0
RALPH LENGEMANN	SECRETARY	0.50	Director	$0	$0	$0
JAMIE HANE	BOARD MEMBER	0.50	Director	$0	$0	$0
SHAWN MCNEW	BOARD MEMBER	0.50	Director	$0	$0	$0
ELISE RAINEY	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT CURRY	BOARD MEMBER	0.50	Director	$0	$0	$0
WESLEY LOCKE	PRINCIPAL	40.00	Officer	$111,621	$8,457	$120,078

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	$7,533,806	$8,482,680	$4,982,589	$-948,874
2024	$7,676,911	$7,082,407	$5,892,329	$594,504
2023	$7,769,258	$8,166,443	$4,316,163	$-397,185
2022	$7,086,617	$6,768,741	$4,059,430	$317,876
2021	$5,794,680	$6,017,348	$4,290,367	$-222,668
2020	$5,343,980	$5,806,033	$4,190,906	$-462,053
2019	$4,903,951	$4,896,231	$3,879,106	$7,720
2018	$5,029,474	$4,940,829	$4,030,356	$88,645

SPRING CREEK CHARTER SCHOOL INC