Nevada Rise Academy

EIN: 814539783 501(c)(3) Education

Las Vegas, NV

Total Revenue
$4,867,642
Total Expenses
$5,610,016
Total Assets
$6,793,674
Net Assets
$1,685,445
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NV
Principal Officer
Justin Brecht
Phone
7023367060
Tax Period
2024-07-01 to 2025-06-30

Nevada Rise Academy, founded in 2017, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $5.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

Success and achievement regardless of zip code or other demographic determinants. Nevada Rise envisions all students achieving at high levels, matriculating into high-achieving middle and high schools, graduating college, and proving what is possible for all students in Las Vegas

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,850,223
Program Service Revenue $0
Investment Income $17,419
Other Revenue $0
TOTAL REVENUE $4,867,642

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,964,919
Fundraising Expenses $0
Program Expenses $4,213,456
Other Expenses $1,645,097
TOTAL EXPENSES $5,610,016

Year-over-Year Comparison

2024 2023 Change
Revenue $4,867,642 $6,176,072 -0.2%
Expenses $5,610,016 $5,245,169 +0.1%
Net Income $-742,374 $930,903 -1.8%
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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Governance

Voting Members
9
Independent Members
9
Employees
47
Volunteers
25

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
5
$209,418
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Justin Brecht Executive Director 40.00
Officer
$150,803 $58,615 $209,418
Gretchen Larsen Principal 40.00
Highest
$123,119 $45,139 $168,258
Melissa Ramirez Instructional Coach 40.00
Highest
$104,425 $21,845 $126,270
Hanzel Alfaro Member 1.00
Director
$0 $0 $0
Brian Catlett Member 1.00
Director
$0 $0 $0
JC Rosero Member 1.00
Director
$0 $0 $0
Shanate Porter Member 1.00
Director
$0 $0 $0
Evan Vasquez Member 1.00
Director
$0 $0 $0
Dan Bernbach Chair 1.00
Officer Director
$0 $0 $0
JT Washington Vice-Chair 1.00
Officer Director
$0 $0 $0
Nicole Calix Coy Secretary 1.00
Officer Director
$0 $0 $0
Mark Cznerniak Treasurer 1.00
Officer 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 $4,867,642 $5,610,016 $6,793,674 $-742,374
2024 $6,176,072 $5,245,169 $7,630,516 $930,903
2023 $4,549,569 $4,469,402 $6,397,230 $80,167
2022 $3,745,057 $3,439,419 $4,337,355 $305,638
2021 $3,163,401 $2,513,662 $3,147,890 $649,739
2020 $2,435,386 $1,944,074 $1,975,677 $491,312
2019 $1,356,567 $1,171,426 $407,933 $185,141
2018 $240,387 $165,852 $83,715 $74,535
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