NORTH COUNTY 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

1999

Legal Domicile

Principal Officer

JENNIFER BAKOS

Tax Period

2022-07-01 to 2023-06-30

NORTH COUNTY CHARTER SCHOOL INC, founded in 1999, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year. Net assets of $8.3M represent 30 months of operating reserves.

Mission

TO PREPARE LEARNERS OF HILLSBOROUGH, K THROUGH 8TH GRADE, FOR HIGH SCHOOL, COLLEGE, AND FOR THE WORK FORCE BY DELIVERING A WORLD CLASS EDUCATION THROUGH THE ARTS IN A COLLABORATIVE ENVIRONMENT FUELED BY A PASSION FOR LEARNING.

Program Service Accomplishments

Program 1

Expenses: $3,150,368 Revenue: $2,926,009

TO PRODUCE INTELLIGENT, INFORMED, CARING AND INVOLVED CITIZENS OF EXCEPTIONAL CHARACTER.

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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 $331,036

Program Service Revenue $2,662,216

Investment Income $16,239

Other Revenue $247,554

TOTAL REVENUE $3,257,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,546,162

Fundraising Expenses $0

Program Expenses $3,150,368

Other Expenses $1,873,943

TOTAL EXPENSES $3,420,105

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,257,045	$4,022,518	-0.2%
Expenses	$3,420,105	$4,323,284	-0.2%
Net Income	$-163,060	$-300,766	-0.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN COOK	TREASURER	0.50	Director	$0	$0	$0
SEAN PRESCOTT	SECRETARY	0.50	Director	$0	$0	$0
DALE SIMCHICK	PRESIDENT	0.50	Director	$0	$0	$0
JOEL TYSON	VICE PRESIDE	0.50	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	No data	No data	No data	No data
2023	$3,257,045	$3,420,105	$10,137,690	$-163,060
2022	$4,022,518	$4,323,284	$13,707,228	$-300,766
2021	$3,797,405	$3,445,145	$13,179,676	$352,260
2020	$3,554,645	$3,229,400	$12,429,558	$325,245