NEIGHBORHOOD CHARTER NETWORK INC

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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

2016

Legal Domicile

Principal Officer

KATIE DULAY

Phone

3173830607

Tax Period

2024-07-01 to 2025-06-30

NEIGHBORHOOD CHARTER NETWORK INC, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $12.2M in total revenue in fiscal year 2024. Expenses of $11.3M left a modest 7% surplus.

Mission

NEIGHBORHOOD CHARTER NETWORK (NCN) WILL FOSTER THE CHARACTER, CULTIVATE THE INTELLECT, AND IGNITE THE IMAGINATION OF ITS STUDENTS AS THEY BECOME LEADERS WHO CHOOSE THEIR OWN FUTURES IN HIGH SCHOOL, COLLEGE, AND BEYOND.

Program Service Accomplishments

Program 1

Expenses: $8,408,825 Revenue: $45,854

NEIGHBORHOOD CHARTER NETWORK, INC. (THE SCHOOL) IS A PUBLIC BENEFIT NOT-FOR-PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF THE STATE OF INDIANA AND IS CURRENTLY THE GOVERNING BODY OF ENLACE...

NEIGHBORHOOD CHARTER NETWORK, INC. (THE SCHOOL) IS A PUBLIC BENEFIT NOT-FOR-PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF THE STATE OF INDIANA AND IS CURRENTLY THE GOVERNING BODY OF ENLACE ACADEMY IN INDIANAPOLIS, INDIANA. THE SCHOOL SERVED APPROXIMATELY 680 STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE DURING THE 2024-2025 SCHOOL YEAR (APPROXIMATELY 675 STUDENTS DURING THE 2023-2024 SCHOOL YEAR).

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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 $11,751,490

Program Service Revenue $0

Investment Income $361,684

Other Revenue $45,854

TOTAL REVENUE $12,159,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,258,998

Fundraising Expenses $0

Program Expenses $8,408,825

Other Expenses $4,040,527

TOTAL EXPENSES $11,299,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,159,028	$11,333,973	+0.1%
Expenses	$11,299,525	$10,722,683	+0.1%
Net Income	$859,503	$611,290	+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

140

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

$340,255

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE DULAY	EXECUTIVE DIRECTOR	50.00	Officer	$152,819	$41,107	$193,926
DENISE HERNANDEZ	DIRECTOR OF OPERATIONS	50.00	Officer	$118,963	$27,366	$146,329
JOAN SERVAAS	BOARD PRESIDENT	1.50	Officer Director	$0	$0	$0
JAMIE VANDEWALLE	BOARD VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
BRANDON DELK	BOARD TREASURER	1.50	Officer Director	$0	$0	$0
ALLISON SEGARRA HANSEN	BOARD SECRETARY	1.50	Officer Director	$0	$0	$0
KENITH BRITT	BOARD MEMBER	1.50	Director	$0	$0	$0
CAITLIN BYCZKO	BOARD MEMBER	1.50	Director	$0	$0	$0
PATRICIA CASTANEDA	BOARD MEMBER	1.50	Director	$0	$0	$0
LESLIE SALAZAR	BOARD MEMBER	1.50	Director	$0	$0	$0
MARK SCISCOE	BOARD MEMBER	1.50	Director	$0	$0	$0
BILL STOREY	BOARD MEMBER	1.50	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	$12,159,028	$11,299,525	$10,522,629	$859,503
2024	$11,333,973	$10,722,683	$9,905,947	$611,290
2023	$10,069,723	$9,495,853	$9,169,736	$573,870
2022	$17,448,443	$13,482,326	$8,740,214	$3,966,117
2021	$12,730,105	$12,026,459	$5,100,827	$703,646
2020	$10,623,040	$9,976,303	$4,139,204	$646,737
2019	$8,968,485	$8,795,739	$3,472,583	$172,746
2018	$7,721,538	$7,087,874	$3,171,452	$633,664