Third Future Schools

EIN: 812937922 501(c)(3) Education

Aurora, CO

Total Revenue
$28,566,028
Total Expenses
$32,919,433
Total Assets
$67,246,511
Net Assets
$-20,292,908
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CO
Principal Officer
Jennifer Sward-Miller
Phone
7205005252
Tax Period
2023-07-01 to 2024-06-30

Third Future Schools, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $28.6M in total revenue in fiscal year 2023. Expenses of $32.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

The Charter school is a model for the next generation of schools, working to prepare students, especially poor and minority students, for the workplace and college.A team of dedicated teachers and leaders, working in a high performance and careing culture, maintains an intense focus on academic achievement and performance outcomes. Students find success and are engaged through personal learning, which allows students to work at their own pace and learn in a way more suited to their strengths. Third Future Schools holds high expectations for students and staff and believes that everyone can create their own future.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,857,327
Program Service Revenue $16,327,367
Investment Income $57,998
Other Revenue $9,323,336
TOTAL REVENUE $28,566,028

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,930,770
Fundraising Expenses $0
Program Expenses $11,119,775
Other Expenses $18,988,663
TOTAL EXPENSES $32,919,433

Year-over-Year Comparison

2023 2022 Change
Revenue $28,566,028 $27,449,276 +0.0%
Expenses $32,919,433 $32,777,249 +0.0%
Net Income $-4,353,405 $-5,327,973 -0.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
141
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
4
$380,000
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Lindimore Director 1.00
Director
$0 $0 $0
Patrick Mills Board President 1.00
Officer Director
$0 $0 $0
Rachel Ngola-Trice Director 1.00
Director
$0 $0 $0
Helen Morgan Director 1.00
Director
$0 $0 $0
Pam Robinson Director 1.00
Director
$0 $0 $0
Kerri Holt Director of Finance 1.00
Officer
$115,000 $0 $115,000
Matthew Montoya Director of Special Programs 0.00
Officer
$140,000 $0 $140,000
Mark Jaquez Director of Operations 0.00
Officer
$125,000 $0 $125,000
Jessica Lopez Chief of Staff 2.00
Highest
$195,000 $0 $195,000
Zack Craddock Chief of Schools 2.00
Highest
$215,000 $0 $215,000
Michele Moore Chief of Innovation 1.00
Highest
$190,000 $0 $190,000
Shirley Miles Deputy Chief of Instruction 1.00
Highest
$185,000 $0 $185,000
Elizabeth Domangue Director of Instruction 0.00
Highest
$145,000 $0 $145,000
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
2024 $28,566,028 $32,919,433 $67,246,511 $-4,353,405
2023 $27,449,276 $32,777,249 $40,181,482 $-5,327,973
2022 $23,287,705 $22,831,173 $30,340,517 $456,532
2021 $21,257,666 $20,112,809 $22,810,452 $1,144,857
2020 $15,071,081 $20,616,798 $19,689,319 $-5,545,717
2018 $5,100,113 $10,371,187 $1,077,695 $-5,271,074
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