Spacious Skies Charter School (EIN 821188812) - 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

2016

Legal Domicile

Principal Officer

Margaret Scott

Phone

7193316148

Tax Period

2019-07-01 to 2020-06-30

Spacious Skies Charter School, founded in 2016, is a micro nonprofit that reported $21K in total revenue in fiscal year 2019. Expenses of $94K exceeded revenue, resulting in a 343% operating deficit.

Mission

Spacious Skies is a free public K-8 charter school that opens up the world to students in all its beauty and wonder. First year will be in the Fall of 2020 and will serve students in Kindergarten through 8th grade.

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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 $20,800

Program Service Revenue $0

Investment Income $0

Other Revenue $473

TOTAL REVENUE $21,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,678

Fundraising Expenses $0

Program Expenses $59,982

Other Expenses $61,464

TOTAL EXPENSES $94,142

Year-over-Year Comparison

	2019	2018	Change
Revenue	$21,273	N/A	N/A
Expenses	$94,142	N/A	N/A
Net Income	$-72,869	N/A	N/A

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

N/A

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
Margaret Scott	President	2.00	Officer Director	$0	$0	$0
Steve Sanchez	Vice President	2.00	Officer Director	$0	$0	$0
Oswaldo A Restrepo	Director	2.00	Director	$0	$0	$0
Erik Peterson	Director	2.00	Director	$0	$0	$0
Catherine Tobin	Treasurer	2.00	Officer Director	$0	$0	$0
Chelsea Walter	Director	2.00	Director	$0	$0	$0
Evelyn Cortez-Ford	Head of School	40.00	Officer	$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
2020	$21,273	$94,142	$34,956	$-72,869

Spacious Skies Charter School