NOVA CHARTER SCHOOL (EIN 752740102) - 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

DANIEL JOHNSON

Phone

9728087470

Tax Period

2024-09-01 to 2025-08-31

NOVA CHARTER SCHOOL, founded in 1998, is a community nonprofit in the Education sector that reported $4.8M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $5.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

The mission of Nova Academy is to educate our students in a Multi-Cultural environment where parents and the community will serve as partners in achieving academic excellence for our students.

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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 $4,615,185

Program Service Revenue $49,122

Investment Income $101,285

Other Revenue $0

TOTAL REVENUE $4,765,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,084,608

Fundraising Expenses $0

Program Expenses $4,338,664

Other Expenses $2,233,283

TOTAL EXPENSES $5,317,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,765,592	$6,071,456	-0.2%
Expenses	$5,317,891	$7,098,912	-0.3%
Net Income	$-552,299	$-1,027,456	-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

$188,211

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL JOHNSON	SUPERINTENDENT	40.00	Officer	$154,500	$33,711	$188,211
DR MAYA LAGBARA	BOARD MEMBER	2.00	Director	$0	$0	$0
SHANA MCNETT	Treasurer	2.00	Officer Director	$0	$0	$0
JANICE GOINES	TEACHER REPRES	2.00	Director	$0	$0	$0
TORRY ABRA	President	2.00	Officer Director	$0	$0	$0
MAKAILEN L JOHNSON SR	PARENT REPRES	2.00	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	$4,765,592	$5,317,891	$6,520,700	$-552,299
2024	No data	No data	No data	No data
2023	$7,365,746	$8,391,789	$9,978,436	$-1,026,043
2022	$9,156,194	$9,275,799	$10,200,831	$-119,605
2021	$9,145,221	$8,889,898	$10,485,443	$255,323
2020	$7,956,936	$7,927,487	$10,352,613	$29,449
2019	$7,687,975	$7,427,182	$10,413,579	$260,793
2018	$7,696,480	$7,665,058	$10,472,586	$31,422

NOVA CHARTER SCHOOL