NETWORK CHARTER SCHOOL (EIN 810561521) - 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

Chris Patterson

Phone

5413441229

Tax Period

2024-07-01 to 2025-06-30

NETWORK CHARTER SCHOOL, founded in 2002, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 6% surplus.

Mission

Network Charter School, a public charter school, provides classes using a hands-on curriculum and practical learning to approximately 115 middle and high school students, 93% of whom qualify for free or reduced meals.

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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 $400,676

Program Service Revenue $1,424,697

Investment Income $863

Other Revenue $0

TOTAL REVENUE $1,826,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,354,685

Other Expenses $1,717,691

TOTAL EXPENSES $1,717,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,826,236	$1,707,511	+0.1%
Expenses	$1,717,691	$1,561,474	+0.1%
Net Income	$108,545	$146,037	-0.3%

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

N/A

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

Total Directors

Key Employees

$115,834

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Penny Studt	(contracted) Principal	0	Key Emp	$0	$9,279	$69,579
Jonathan Kuhns-Obana	(contracted) Finance Director	0	Key Emp	$0	$9,279	$46,255
Matthew Palotti	Board member & teacher representative	0.5	Director	$0	$0	$0
Chris Patterson	Board Chair	4.00	Officer Director	$0	$0	$0
Coraly Peterson	Board Member	0.5	Director	$0	$0	$0
Mark Horney	Board Member	0.5	Director	$0	$0	$0
James Hadley	Board Member	0.5	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	$1,826,236	$1,717,691	$823,366	$108,545
2024	$1,707,511	$1,561,474	$834,147	$146,037
2023	$1,567,575	$1,373,491	$629,067	$194,084
2022	$1,550,508	$1,494,069	$449,624	$56,439
2021	$1,344,501	$1,290,178	$365,053	$54,323

NETWORK CHARTER SCHOOL