CHEROKEE CHARTER ACADEMY INC (EIN 820916738) - Form 990 Financial Analysis & Trantor Score

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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

APRIL WALLIS

Phone

6783857322

Tax Period

2022-07-01 to 2023-06-30

CHEROKEE CHARTER ACADEMY INC, founded in 2017, is a community nonprofit in the Education sector that reported $8.5M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $9.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

FOR EDUCATIONAL PURPOSES. CHEROKEE CHARTER ACADEMY, INC IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF GEORGIA THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF GEORGIA. THE ORGANIZATION STRIVES TO PROVIDE A PREMIER ACADEMIC SCHOOL OPTION FOR STUDENTS AND FAMILIES IN GEORGIA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,240,635

Program Service Revenue $248,942

Investment Income $141

Other Revenue $0

TOTAL REVENUE $8,489,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,976,120

Fundraising Expenses $0

Program Expenses $8,558,724

Other Expenses $4,646,084

TOTAL EXPENSES $9,622,204

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,489,718	$9,414,461	-0.1%
Expenses	$9,622,204	$8,414,377	+0.1%
Net Income	$-1,132,486	$1,000,084	-2.1%

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

128

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY F DUKES	BOARD CHAIR AND TREASURER	1.00	Officer Director	$0	$0	$0
DR BOB DURHAM	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
NATE COCHRAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LYNN SAUNDERS	TREASURER	1.00	Officer Director	$0	$0	$0
CONRAD QUAGLIAROLI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JULIE MCCARTY	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN DIEHL	DIRECTOR	1.00	Director	$0	$0	$0
DORENE MCSHEA	DIRECTOR	1.00	Director	$0	$0	$0
MARK JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SEAN KAUFMAN	DIRECTOR	1.00	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
2023	$8,489,718	$9,622,204	$21,809,468	$-1,132,486
2022	$9,414,461	$8,414,377	$20,662,951	$1,000,084
2021	$7,688,129	$8,189,179	$4,296,899	$-501,050
2020	$8,224,259	$7,877,539	$4,336,030	$346,720
2019	$7,860,390	$8,347,366	$3,069,138	$-486,976
2018	$7,347,862	$7,679,727	$2,634,981	$-331,865

CHEROKEE CHARTER ACADEMY INC