Carolina Charter Academy (EIN 821704078) - 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

Dan Gibson

Phone

9843003015

Tax Period

2024-07-01 to 2025-06-30

Carolina Charter Academy, founded in 2016, is a community nonprofit in the Education sector that reported $9.9M in total revenue in fiscal year 2024. Expenses of $9.3M left a modest 6% surplus.

Mission

Operation of 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $335,850

Program Service Revenue $8,224,895

Investment Income $0

Other Revenue $1,353,505

TOTAL REVENUE $9,914,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,739,207

Fundraising Expenses $0

Program Expenses $5,553,268

Other Expenses $4,544,025

TOTAL EXPENSES $9,283,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,914,250	$9,680,388	+0.0%
Expenses	$9,283,232	$8,499,436	+0.1%
Net Income	$631,018	$1,180,952	-0.5%

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

106

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kimberly Potter	Treasurer	002.00	Officer Director	$0	$0	$0
Lee Hopkins	Board Member	001.00	Director	$0	$0	$0
Dan Gibson	Board Chair	001.00	Officer Director	$0	$0	$0
Ryan Hunt	Vice Chair	002.00	Officer Director	$0	$0	$0
Kristen Shalkowski	Secretary	002.00	Officer Director	$0	$0	$0
Seth Warren	Executive Director	040.00	Key Emp	$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	$9,914,250	$9,283,232	$23,443,080	$631,018
2024	$9,680,388	$8,499,436	$22,938,426	$1,180,952
2023	$8,744,766	$7,679,292	$21,766,181	$1,065,474
2022	$6,353,192	$6,292,774	$20,856,888	$60,418
2021	$4,467,245	$4,228,460	$20,590,452	$238,785
2020	$3,680,516	$3,389,247	$9,533,933	$291,269

Carolina Charter Academy