POLARIS TECH CHARTER SCHOOL

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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

2017

Legal Domicile

Principal Officer

LLOYD NEWTON

Phone

8436450605

Tax Period

2024-07-01 to 2025-06-30

POLARIS TECH CHARTER SCHOOL, founded in 2017, is a community nonprofit in the Education sector that reported $8.4M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $7.6M left a modest 10% surplus.

Mission

TO UNLEASH STUDENT POTENTIAL AND CULTIVATE ASPIRATIONS, WHERE STUDENTS ARE CAREER-FOCUSED, COLLEGE-READY AND INVEST IN THE COMMUNITY IT IS POLARIS TECH'S INTENTION TO ENSURE THAT JASPER COUNTY K-12 STUDENTS ACQUIRE THE 21ST CENTURY KNOWLEDGE, SKILLS AND EXPERIENCE TO CAPITALIZE ON JASPER COUNTY'S PROJECTED MARKET AND INDUSTRY GROWTH GIVEN ITS PROXIMITY TO ESTABLISHED TECHNOLOGY, HEALTHCARE, AEROSPACE, LOGISTICS AND ADVANCED MANUFACTURING CAREER AND SECONDARY EDUCATIONAL OPPORTUNITIES

Program Service Accomplishments

Program 1

Expenses: $6,249,163 Revenue: $55,992

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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 $8,231,049

Program Service Revenue $55,992

Investment Income $96,868

Other Revenue $0

TOTAL REVENUE $8,383,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,217,384

Fundraising Expenses $0

Program Expenses $6,249,163

Other Expenses $3,351,375

TOTAL EXPENSES $7,568,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,383,909	$9,017,261	-0.1%
Expenses	$7,568,759	$7,536,245	+0.0%
Net Income	$815,150	$1,481,016	-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

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

$199,281

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEN LLOYD FIG NEWTON	CHAIR	0.00	Officer Director	$0	$0	$0
SANDRA CHAVEZ	VICE CHAIR	0.00	Officer Director	$0	$0	$0
LARRY KULICK	TREASURER	0.00	Officer Director	$0	$0	$0
NANCY CARTER	SECRETARY	0.00	Officer Director	$0	$0	$0
CHARLIE STONE	DIRECTOR	0.00	Director	$0	$0	$0
DARRLY BOWERS	DIRECTOR	0.00	Director	$0	$0	$0
TIM DANIELS	DIRECTOR	0.00	Director	$0	$0	$0
JOEY SWEARINGEN	DIRECTOR	0.00	Director	$0	$0	$0
ROGER SULLIVAN	DIRECTOR	0.00	Director	$0	$0	$0
REGINALD WHITE	DIRECTOR	0.00	Director	$0	$0	$0
DR DAISY WHITE	DIRECTOR	0.00	Director	$0	$0	$0
BRANDY GRAY	DIR OF OPERATIONS & FINANCE	1.00	Officer	$82,551	$0	$82,551
KIM STATLER	EXECUTIVE DIRECTOR	1.00	Officer	$116,730	$0	$116,730

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	$8,383,909	$7,568,759	$20,853,865	$815,150
2024	$9,017,261	$7,536,245	$20,060,315	$1,481,016
2023	$4,680,644	$5,394,956	$18,691,937	$-714,312
2022	$4,002,755	$4,859,820	$19,441,053	$-857,065
2021	$4,148,309	$3,758,099	$1,256,252	$390,210
2020	$3,691,602	$3,566,518	$1,176,700	$125,084
2019	$3,397,906	$3,123,038	$827,416	$274,868
2018	$456,155	$322,387	$279,101	$133,768