SOUL CHARTER SCHOOL 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

Phone

8583451888

Tax Period

2019-07-01 to 2020-06-30

SOUL CHARTER SCHOOL INC, founded in 2016, is a small nonprofit that reported $852K in total revenue in fiscal year 2019. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $944K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE EXCEPTIONAL EDUCATION THAT AWAKENS INDIVIDUALS TO KNOW WHO THEY ARE, DISCOVER THEIR PASSIONS AND PURPOSE, AND THRIVE HOLISTICALLY, TO ACHIEVE BOTH MENTAL AND LIFE MASTERY

Program Service Accomplishments

Program 1

Expenses: $791,792 Revenue: $2,029

OPERATION OF A CALIFORNIA PUBLIC CHARTER SCHOOL IN SAN DIEGO COUNTY. DURING 2019-20, SOUL CHARTER SCHOOL SERVED APPROXIMATELY 70 STUDENTS IN GRADES 7 TO 11. SOUL CHARTER SCHOOL TAKES PRIDE IN...

OPERATION OF A CALIFORNIA PUBLIC CHARTER SCHOOL IN SAN DIEGO COUNTY. DURING 2019-20, SOUL CHARTER SCHOOL SERVED APPROXIMATELY 70 STUDENTS IN GRADES 7 TO 11. SOUL CHARTER SCHOOL TAKES PRIDE IN FOCUSING ON MUCH MORE THAN JUST THE ACADEMIC EDUCATION OF ITS STUDENTS. SOUL CHARTER SCHOOL DEDICATES ITS TIME AND FACILITIES TO HELPING NURTURE NOT ONLY THE STUDENTS, BUT THEIR FAMILIES, AND THE COMMUNITY TO BECOME THE BEST THAT THEY CAN BE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $855,318

Program Service Revenue $2,029

Investment Income $1,162

Other Revenue $-6,490

TOTAL REVENUE $852,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $647,435

Fundraising Expenses $0

Program Expenses $791,792

Other Expenses $296,106

TOTAL EXPENSES $943,541

Year-over-Year Comparison

	2019	2018	Change
Revenue	$852,019	$1,096,666	-0.2%
Expenses	$943,541	$1,050,698	-0.1%
Net Income	$-91,522	$45,968	-3.0%

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

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

$104,306

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KOENIG	CHAIR	1.00	Officer Director	$0	$0	$0
PHIL BLACK	TREASURER	1.00	Officer Director	$0	$0	$0
KIMBERLY CORALLO	SECRETARY	1.00	Officer Director	$0	$0	$0
MONET DIAMANTE	DIRECTOR	1.00	Director	$0	$0	$0
MARISA FOGELMAN	EXECUTIVE DIRECTOR	40.00	Officer	$42,398	$11,770	$54,168
WENDY KAVENEY	CFO/DIRECTOR OF OPERATIONS	40.00	Officer	$40,692	$9,446	$50,138

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
2020	$852,019	$943,541	$93,736	$-91,522
2019	$1,096,666	$1,050,698	$354,122	$45,968
2018	$733,182	$803,893	$331,116	$-70,711