PLC Charter Schools (EIN 752971549) - 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

2002

Legal Domicile

Principal Officer

Kimberly Steele

Phone

6234742120

Tax Period

2023-07-01 to 2024-06-30

PLC Charter Schools, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $11.9M in total revenue in fiscal year 2023. Expenses of $11.0M left a modest 8% surplus.

Mission

To develop a Student-Family-Teacher-Civic relationship that develops and sustains a Professional Learning Community where arts and technology combine with academics and real life skills.

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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 $11,619,442

Program Service Revenue $0

Investment Income $130,191

Other Revenue $182,722

TOTAL REVENUE $11,932,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,546,282

Fundraising Expenses $0

Program Expenses $10,345,246

Other Expenses $4,442,962

TOTAL EXPENSES $10,989,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,932,355	$11,128,932	+0.1%
Expenses	$10,989,244	$10,212,196	+0.1%
Net Income	$943,111	$916,736	+0.0%

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

123

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

$120,418

Total Directors

$120,418

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kimberly Steele	Bd Member/CEO	40.00	Officer Director	$100,391	$20,027	$120,418
Garnett Sailor	Bd member	1.00	Director	$0	$0	$0
John Lynch	Bd Member	1.00	Director	$0	$0	$0
Diana Estrada	Bd Member	1.00	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	No data	No data	No data	No data
2024	$11,932,355	$10,989,244	$17,487,929	$943,111
2023	$11,128,932	$10,212,196	$16,680,038	$916,736
2022	$11,147,967	$11,308,020	$16,282,471	$-160,053
2021	$10,065,990	$9,944,505	$16,919,037	$121,485
2020	$10,719,499	$10,742,710	$17,415,638	$-23,211

PLC Charter Schools