GENESIS SCHOOLS (EIN 752640636) - 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

1996

Legal Domicile

Principal Officer

VIRGINIA LANNEN

Phone

2148289347

Tax Period

2023-09-01 to 2024-08-31

GENESIS SCHOOLS, founded in 1996, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $6.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

CHARTER SCHOOL DESIGNED FOR THE SERIOUS STUDENT. THE SCHOOL IS AN INTERDISCIPLINARY PUBLIC SCHOOL SERVING GRADES K THROUGH 12, LOCATED IN DOWNTOWN, DALLAS

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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 $5,544,649

Program Service Revenue $0

Investment Income $0

Other Revenue $16,088

TOTAL REVENUE $5,560,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,032,427

Fundraising Expenses $0

Program Expenses $6,123,623

Other Expenses $2,091,196

TOTAL EXPENSES $6,123,623

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,560,737	$6,816,611	-0.2%
Expenses	$6,123,623	$7,129,826	-0.1%
Net Income	$-562,886	$-313,215	+0.8%

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

N/A

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

$207,970

Total Directors

$207,970

Key Employees

$373,405

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MICHAEL	DIRECTOR/VICE CHAIR	1.00	Director	$0	$0	$0
WALTER C MUSE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID TRUETT ROBERTS	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
JESSE OLIVER	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA LANNEN	DIRECTOR/CHAIR/CEO	40.00	Officer Director	$207,970	$0	$207,970
VIRGINIA HART	ASST SUPT	40.00	Key Emp	$192,128	$0	$192,128
CARL ROBERTS	CHIEF OF STAFF	40.00	Key Emp	$114,537	$0	$114,537
LYNNE NORRIS	BUSINESS MANAGER	40.00	Key Emp	$66,740	$0	$66,740

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	$5,560,737	$6,123,623	$2,980,062	$-562,886
2023	$6,816,611	$7,129,826	$3,976,316	$-313,215
2022	$8,484,329	$8,454,165	$2,767,839	$30,164
2021	$6,950,630	$6,459,417	$2,845,461	$491,213
2020	$7,288,791	$7,249,794	$2,239,884	$38,997
2019	$7,550,163	$6,995,350	$2,198,785	$554,813
2018	$7,028,449	$7,159,678	$1,691,926	$-131,229

GENESIS SCHOOLS