INDIAN RIVER CHARTER HIGH SCHOOL INC (EIN 650849190) - 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

1998

Legal Domicile

Principal Officer

GENE WADDELL

Phone

7725676600

Tax Period

2024-07-01 to 2025-06-30

INDIAN RIVER CHARTER HIGH SCHOOL INC, founded in 1998, is a community nonprofit in the Education sector that reported $8.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $8.2M left a modest 5% surplus.

Mission

HIGH SCHOOL 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 $47,480

Program Service Revenue $8,380,579

Investment Income $63,049

Other Revenue $208,518

TOTAL REVENUE $8,699,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,067,870

Fundraising Expenses $25,761

Program Expenses $7,067,625

Other Expenses $3,134,622

TOTAL EXPENSES $8,228,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,699,626	$7,725,169	+0.1%
Expenses	$8,228,253	$7,926,453	+0.0%
Net Income	$471,373	$-201,284	-3.3%

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

$248,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENE WADDELL	CHAIRMAN	0.50	Officer Director	$0	$0	$0
ROBERT BRACKETT	SECRETARY	0.50	Officer Director	$0	$0	$0
KARL ZIMMERMANN	TREASURER	0.50	Officer Director	$0	$0	$0
JOAN JOHNSON	FINANCE CHAIR	0.50	Director	$0	$0	$0
PAMELA BJORKMAN	DIRECTOR	0.50	Director	$0	$0	$0
JORDAN LULICH	DIRECTOR	0.50	Director	$0	$0	$0
CASEY LUNCEFORD	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA VAN ARMAN	DIRECTOR	0.50	Director	$0	$0	$0
DAVID HEROUX	DIRECTOR	0.50	Director	$0	$0	$0
TORI HUME	DIRECTOR	0.50	Director	$0	$0	$0
ANNABEL ROBERTSON	DIRECTOR	0.50	Director	$0	$0	$0
GREGORY ZAJICEK	SCHOOL DIRECTOR	40.00	Officer	$106,556	$26,045	$132,601
SHENOECK BERRIOS	BUSINESS MANAGER	40.00	Officer	$91,393	$24,052	$115,445

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	$8,699,626	$8,228,253	$17,690,988	$471,373
2024	$7,725,169	$7,926,453	$17,659,786	$-201,284
2023	$7,842,877	$7,352,365	$18,510,646	$490,512
2022	$6,961,167	$6,850,610	$18,225,425	$110,557
2021	$6,714,835	$5,674,143	$17,131,373	$1,040,692
2020	$5,660,581	$5,678,694	$9,661,690	$-18,113
2019	$5,702,422	$5,387,463	$8,308,434	$314,959
2018	$6,431,645	$4,973,177	$7,925,576	$1,458,468

INDIAN RIVER CHARTER HIGH SCHOOL INC