ROYAL PALM CHARTER SCHOOL INC (EIN 593714557) - 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

2000

Legal Domicile

Principal Officer

LORI GRODECKY

Tax Period

2022-07-01 to 2023-06-30

ROYAL PALM CHARTER SCHOOL INC, founded in 2000, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.8M left a modest 5% surplus.

Mission

ROYAL PALM WAS CREATED TO CHALLENGE AND MEET THE INDIVIDUAL NEEDS OF CHILDREN LIVING IN BREVARD COUNTY, FL. WE SEEK TO EDUCATE CHILDREN USING THEIR NATURAL CURIOSITY TO DEVELOP THEIR ABILITY AND CONFIDENCE TO ANSWER QUESTIONS. WE STRIVE TO DEVELOP CREATIVE THINKING AND PROBLEM SOLVING SKILLS THAT SERVE AS THE FOUNDATION FOR A CHILD'S ACADEMIC CAREER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,850,367

Program Service Revenue $91,318

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,941,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,365,264

Fundraising Expenses $0

Program Expenses $2,216,823

Other Expenses $1,396,758

TOTAL EXPENSES $3,762,022

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,941,685	$3,618,138	+0.1%
Expenses	$3,762,022	$3,327,703	+0.1%
Net Income	$179,663	$290,435	-0.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK BROWN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
LORI GRODECKY	PRESIDENT	N/A	Officer Director	$0	$0	$0
ALISHA ROYZINSKI	SECRETARY	N/A	Officer Director	$0	$0	$0
RACHEL COSTA	BOARD MEMBER	N/A	Officer	$0	$0	$0
KYLEY HAYNES	BOARD MEMBER	N/A	Officer	$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	No data	No data	No data	No data
2023	$3,941,685	$3,762,022	$4,591,582	$179,663
2022	$3,618,138	$3,327,703	$4,459,550	$290,435
2021	$3,598,467	$2,929,274	$4,207,076	$669,193
2020	$3,007,647	$2,912,726	$3,882,378	$94,921

ROYAL PALM CHARTER SCHOOL INC