ST MARY'S CHARTER SCHOOL (EIN 742953853) - 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

2001

Legal Domicile

Principal Officer

MERLE SIMONSON

Phone

3613585601

Tax Period

2023-09-01 to 2024-08-31

ST MARY'S CHARTER SCHOOL, founded in 2001, is a community nonprofit in the Education sector that reported $5.4M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

PROVIDE EDUCATIONAL SERVICES FOR GRADES K-6 IN A CHALLENGING ENVIRONMENT

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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 $5,334,827

Program Service Revenue $12,053

Investment Income $18,497

Other Revenue $21,566

TOTAL REVENUE $5,386,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,243,036

Fundraising Expenses $8,412

Program Expenses $3,357,952

Other Expenses $1,528,446

TOTAL EXPENSES $5,771,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,386,943	$5,683,337	-0.1%
Expenses	$5,771,482	$5,738,189	+0.0%
Net Income	$-384,539	$-54,852	+6.0%

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

124

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

$295,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELDEN PRICE	BOARD PRESIDENT	2.00	Director	$0	$0	$0
ANDREA WESTMORELAND	BOARD VP	1.00	Director	$0	$0	$0
CYNDI CARRASCO	BOARD TREASURER	1.00	Director	$0	$0	$0
PATRICIA MYERS	BOARD SECRETARY	1.00	Director	$0	$0	$0
MALINDA COWEN	BOARD MEMBER	1.00	Director	$0	$0	$0
REV RJ REGALADO	BOARD MEMBER	1.00	Director	$0	$0	$0
BRYAN BOATMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MERLE SIMONSON	CEO/SUPERINTENDENT	60.00	Officer	$95,981	$31	$96,012
HIRMA ELIZONDO	PRINCIPAL	50.00	Officer	$87,590	$4,959	$92,549
JEANENE JONES	HUMAN RESOURCES DIRECTOR	20.00	Officer	$45,530	$0	$45,530
SUSAN CHINCARINI	CFO	20.00	Officer	$15,593	$31	$15,624
GENE ZHU	CFO	40.00	Officer	$45,711	$0	$45,711

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
2024	$5,386,943	$5,771,482	$5,480,247	$-384,539
2023	$5,683,337	$5,738,189	$6,318,966	$-54,852
2022	$6,456,776	$5,289,734	$5,870,600	$1,167,042
2021	$5,429,499	$5,279,760	$4,666,614	$149,739
2020	$5,181,312	$5,275,718	$4,716,004	$-94,406
2019	$4,886,969	$4,918,137	$4,859,509	$-31,168
2018	$4,673,614	$4,548,931	$4,958,015	$124,683

ST MARY'S CHARTER SCHOOL