BREVARD INNOVATIVE CHARTER SCHOOL INC (EIN 593578466) - 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

1999

Legal Domicile

Principal Officer

CHRISTINE QUAM

Phone

3212644000

Tax Period

2024-07-01 to 2025-06-30

BREVARD INNOVATIVE CHARTER SCHOOL INC, founded in 1999, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $6.0M left a modest 12% surplus.

Mission

PK-8 EDUCATION

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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 $128,799

Program Service Revenue $5,788,050

Investment Income $64,011

Other Revenue $771,867

TOTAL REVENUE $6,752,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,026,430

Fundraising Expenses $0

Program Expenses $3,802,960

Other Expenses $1,935,007

TOTAL EXPENSES $5,961,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,752,727	$7,293,104	-0.1%
Expenses	$5,961,437	$6,203,366	0.0%
Net Income	$791,290	$1,089,738	-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

110

Volunteers

1105

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
CHRISTINE QUAM	PRINCIPAL	40.00	Officer Director	$0	$0	$0
GARY BOYER	PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOTT GAENICKE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA O'SULLIVAN	TREASURER	1.00	Officer Director	$0	$0	$0
THERESA MURPHY	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHEN RICHARDSON	BOARD MEMBER	1.00	Officer	$0	$0	$0
JACKIE FLYNN	PARENT REPRESENTATIVE	1.00	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	$6,752,727	$5,961,437	$9,062,103	$791,290
2024	$7,293,104	$6,203,366	$8,502,523	$1,089,738
2023	$6,717,440	$5,875,297	$7,681,041	$842,143
2022	$5,539,596	$5,217,743	$7,922,291	$321,853
2021	$5,025,770	$4,698,654	$7,751,081	$327,116
2020	$4,690,372	$4,640,924	$7,325,124	$49,448
2019	$4,748,405	$4,558,204	$7,422,789	$190,201
2018	$4,509,028	$4,339,869	$7,267,426	$169,159

BREVARD INNOVATIVE CHARTER SCHOOL INC