MARION 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

2000

Legal Domicile

Principal Officer

MICHELLE AXSON

Phone

3526872100

Tax Period

2023-07-01 to 2024-06-30

MARION CHARTER SCHOOL INC, founded in 2000, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 34% operating margin.

Mission

MARION CHARTER SCHOOL PROVIDES A DEVELOPMENTAL GENERAL EDUCATION CURRICULUM FOR STUDENTS IN GRADES K THRU 5. EMPHASIS IS PLACED ON INDIVIDUAL EDUCATION PLANS AND THE FOSTERING OF COMMUNITY SERVICE. THE SCHOOL SERVED APPROXIMATELY 225 STUDENTS IN 2024 AND 221 STUDENTS IN 2023.

Program Service Accomplishments

Program 1

Expenses: $1,626,258 Revenue: $3,336,591

MARION CHARTER SCHOOL PROVIDES A DEVELOPMENTAL GENERAL EDUCATION CURRICULUM FOR STUDENTS IN GRADES K THRU 5. EMPHASIS IS PLACED ON INDIVIDUAL EDUCATION PLANS AND THE FOSTERING OF COMMUNITY SERVICE.

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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 $3,241,178

Program Service Revenue $0

Investment Income $19

Other Revenue $95,394

TOTAL REVENUE $3,336,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,708,291

Fundraising Expenses $4,631

Program Expenses $1,626,258

Other Expenses $489,802

TOTAL EXPENSES $2,198,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,336,591	$1,928,212	+0.7%
Expenses	$2,198,093	$2,026,832	+0.1%
Net Income	$1,138,498	$-98,620	-12.5%

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

Total Directors

$106,657

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE AXSON	PRINCIPAL	50.00	Director	$98,204	$8,453	$106,657
S WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA HOLLAND	BOARD MEMBER	2.00	Director	$0	$0	$0
LORI SOUCEY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DANIEL MILLER	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2024	$3,336,591	$2,198,093	$2,221,345	$1,138,498
2023	$1,928,212	$2,026,832	$1,116,687	$-98,620
2022	$2,101,362	$1,839,560	$1,274,689	$261,802
2021	$1,823,085	$1,817,078	$1,043,313	$6,007
2020	$1,724,144	$1,700,405	$1,124,430	$23,739
2019	$1,720,366	$1,691,980	$1,161,071	$28,386