NEUSE CHARTER SCHOOL OF JOHNSTON COUNTY (EIN 810599289) - 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

2003

Legal Domicile

Principal Officer

DR MELISSA BLACKWELL

Phone

9196262300

Tax Period

2024-07-01 to 2025-06-30

NEUSE CHARTER SCHOOL OF JOHNSTON COUNTY, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $10.1M in total revenue in fiscal year 2024. Expenses of $8.8M left a modest 14% surplus.

Mission

NEUSE CHARTER SCHOOL (NCS) PROVIDES INNOVATIVE APPROACHES TO LEARNING BY FOCUSING ON HIGH ACADEMIC STANDARDS, CRITICAL AND CREATIVE THINKING SKILLS, CHARACTER DEVELOPMENT, AND MULTICULTURAL EXPERIENCES FOR GRADES K-12. ALL STAKEHOLDERS WORK COOPERATIVELY TO ENSURE THE NCS COMMUNITY EMPOWERS EVERY INDIVIDUAL TO ACHIEVE HIS OR HER MAXIMUM POTENTIAL.

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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 $9,907,279

Program Service Revenue $123,575

Investment Income $41,233

Other Revenue $59,607

TOTAL REVENUE $10,131,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,235,384

Fundraising Expenses $0

Program Expenses $6,955,760

Other Expenses $2,527,455

TOTAL EXPENSES $8,762,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,131,694	$9,587,939	+0.1%
Expenses	$8,762,839	$8,082,109	+0.1%
Net Income	$1,368,855	$1,505,830	-0.1%

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

119

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE DENNING	PRESIDENT	2.00	Officer Director	$0	$0	$0
NICHOLE BOOKER	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDSEY SPAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JEREMY PEARCE	TREASURER	2.00	Officer Director	$0	$0	$0
DEBBIE MATTHEWS	MEMBER	1.00	Director	$0	$0	$0
CHRIS KISER	MEMBER	1.00	Director	$0	$0	$0
JASON GIPE	MEMBER	1.00	Director	$0	$0	$0
BENJY WOODARD	MEMBER	1.00	Director	$0	$0	$0
DR MELISSA BLACKWELL	SUPERINTENDENT	40.00	Highest	$132,482	$0	$132,482

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	$10,131,694	$8,762,839	$14,537,669	$1,368,855
2024	$9,587,939	$8,082,109	$13,541,677	$1,505,830
2023	$8,905,784	$6,997,798	$13,163,520	$1,907,986
2022	$8,947,876	$8,560,171	$12,020,005	$387,705
2021	$8,266,030	$7,660,295	$5,077,496	$605,735
2020	$8,270,156	$7,931,548	$4,606,093	$338,608
2019	$8,014,970	$7,493,224	$4,151,236	$521,746
2018	$7,510,036	$7,525,469	$3,399,953	$-15,433

NEUSE CHARTER SCHOOL OF JOHNSTON COUNTY