Challenge to Excellence Charter School

EIN: 810554704 501(c)(3) Education

Parker, CO

Total Revenue
$8,361,223
Total Expenses
$7,715,472
Total Assets
$16,269,048
Net Assets
$-987,770
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CO
Principal Officer
Elizabeth Dougan
Phone
3038419816
Tax Period
2024-07-01 to 2025-06-30

Challenge to Excellence Charter School, founded in 2002, is a community nonprofit in the Education sector that reported $8.4M in total revenue in fiscal year 2024. Expenses of $7.7M left a modest 8% surplus.

Mission

To provide education to students in grades kindergarten through 8th grade to prepare them for a complex social, global and economic future by delivering a comprehensive, educational program with a challenging curriculum that combines basic skills with a strong focus on standards-based education. Our curriculum integrates reading, writing, math, and science through the applied technologies to result in students who are critical thinkers, problem solvers, life-long learners, and achievers, flexible and adaptable, empowered and academically well-rounded and proficient.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $583,865
Program Service Revenue $7,390,656
Investment Income $202,378
Other Revenue $184,324
TOTAL REVENUE $8,361,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,807,560
Fundraising Expenses $0
Program Expenses $6,284,618
Other Expenses $2,907,912
TOTAL EXPENSES $7,715,472

Year-over-Year Comparison

2024 2023 Change
Revenue $8,361,223 $7,892,927 +0.1%
Expenses $7,715,472 $6,426,395 +0.2%
Net Income $645,751 $1,466,532 -0.6%
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

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Governance

Voting Members
6
Independent Members
6
Employees
68
Volunteers
178

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
5
$157,840
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Miles Cortez Chair 2.00
Officer Director
$0 $0 $0
Sowmya Makam Councilperson 2.00
Director
$0 $0 $0
Angela Segura Vice Chair 2.00
Officer Director
$0 $0 $0
Alex Mnatsakanyan Treasurer 2.00
Officer Director
$0 $0 $0
Tiffany Wagenknecht Member 2.00
Director
$0 $0 $0
Tara Butler Secretary 2.00
Officer Director
$0 $0 $0
Sheila Cook Member 2.00
Director
$0 $0 $0
Elizabeth Dougan School Director 40.00
Officer
$157,840 $0 $157,840
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 $8,361,223 $7,715,472 $16,269,048 $645,751
2024 $7,892,927 $6,426,395 $13,210,008 $1,466,532
2023 $6,651,052 $6,074,257 $10,835,990 $576,795
2022 $8,271,040 $5,857,459 $14,998,907 $2,413,581
2021 $7,384,910 $5,384,528 $9,916,393 $2,000,382
2020 $5,749,347 $4,923,195 $8,586,263 $826,152
2019 $5,578,019 $4,609,141 $9,678,495 $968,878
2018 $4,343,689 $7,063,978 $11,693,684 $-2,720,289
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