SAILS FOREVER EAST TEXAS CHARTER HIGH SCHOOL (EIN 760574678) - 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

TERRY LAPIC

Phone

9037539400

Tax Period

2024-09-01 to 2025-08-31

SAILS FOREVER EAST TEXAS CHARTER HIGH SCHOOL, founded in 1998, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

CHARTER SCHOOL - EDUCATION FOR AT RISK CHILDREN

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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 $1,451,717

Program Service Revenue $66,307

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,518,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,092,175

Fundraising Expenses $0

Program Expenses $1,302,627

Other Expenses $613,225

TOTAL EXPENSES $1,705,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,518,024	$1,612,777	-0.1%
Expenses	$1,705,400	$1,746,232	0.0%
Net Income	$-187,376	$-133,455	+0.4%

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

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY LAPIC	EXECUTIVE DIRECTOR	40.00	Director	$80,000	$0	$80,000
MARYBELL CASTILLO	MEMBER	1.00	Officer Director	$0	$0	$0
MIKE TIDWELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALLEN SHANE MCDONALD	MEMBER	1.00	Director	$0	$0	$0
DEBBY ONEAL	SECRETARY	1.00	Officer 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	$1,518,024	$1,705,400	$1,359,080	$-187,376
2024	$1,612,777	$1,746,232	$1,613,868	$-133,455
2023	$1,552,668	$1,597,444	$1,675,162	$-44,776
2022	$1,535,581	$1,685,082	$1,712,227	$-149,501
2021	$1,478,345	$1,597,942	$1,848,937	$-119,597
2020	$1,434,432	$1,562,296	$1,987,439	$-127,864
2019	$1,359,672	$1,470,274	$2,088,681	$-110,602
2018	$1,394,570	$1,460,890	$2,202,802	$-66,320

SAILS FOREVER EAST TEXAS CHARTER HIGH SCHOOL