Discovery Charter School Foundation Inc

EIN: 815323099 501(c)(3) Education

Bahama, NC

Total Revenue
$452,140
Total Expenses
$891,161
Total Assets
$12,587,270
Net Assets
$-1,067,730
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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
NC
Principal Officer
Carl Forsyth
Phone
9848885504
Tax Period
2021-07-01 to 2022-06-30

Discovery Charter School Foundation Inc, founded in 2017, is a small nonprofit in the Education sector that reported $452K in total revenue in fiscal year 2021. Expenses of $891K exceeded revenue, resulting in a 97% operating deficit.

Mission

To benefit, perform the functions of or to carry out the purposes of Discovery Charter School, Inc. a public charter school.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $452,140
TOTAL REVENUE $452,140

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $891,161
Other Expenses $891,161
TOTAL EXPENSES $891,161

Year-over-Year Comparison

2021 2020 Change
Revenue $452,140 N/A N/A
Expenses $891,161 $628,709 +0.4%
Net Income $-439,021 $-628,709 -0.3%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carl Forsyth Chair N/A
Officer Director
$0 $0 $0
Miya Brown Secretary N/A
Officer Director
$0 $0 $0
Mario Rodriguez Vice Chair N/A
Officer Director
$0 $0 $0
Scott Talbert Member N/A
Director
$0 $0 $0
Jeff Faucette Treasurer N/A
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
2022 $452,140 $891,161 $12,587,270 $-439,021
2021 No data $628,709 $13,026,291 No data
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