PLACER ACADEMY SCHOOLS

EIN: 823690364 501(c)(3)

Gold River, CA

Total Revenue
N/A
Total Expenses
N/A
Total Assets
N/A
Net Assets
N/A
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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
2018
Legal Domicile
CA
Principal Officer
KIMBERLY HUSTED
Phone
9258995798
Tax Period
2024-07-01 to 2025-05-31

Mission

PLACER ACADEMY IS A CHARTER SCHOOL SERVING STUDENTS IN KINDERGARDEN THROUGH 8TH GRADE. PLACER ACADEMY FILED CHAPTER 7 BANKRUPTCY IN ON FEBRUARY 14, 2023 AND CEASED OPERATIONS AT THE END OF 2022. THE BANKRUPTCY TRUSTEE HAS BEEN MANAGING THE AFFAIRS OF THE ENTITY AND IS CLOSING THE CASE AND DISTRIBUTING ANY REMAINING FUNDS TO CREDITORS WHO UNFORTUNATELY WILL NOT BE PAID IN FULL.

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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 (2024)

Revenue Breakdown

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

Expense Breakdown

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

Year-over-Year Comparison

2024 2023 Change
Revenue N/A N/A N/A
Expenses N/A $157 -1.0%
Net Income N/A $-157 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

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Governance

Voting Members
3
Independent Members
3
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NONE BUSINESS CEASED NOT APPLICABLE 0
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
2025 No data No data No data No data
2024 No data $157 $1,166,356 No data
2023 $1,740,815 $1,471,759 $1,166,513 $269,056
2022 $2,176,699 $3,394,193 $1,632,499 $-1,217,494
2021 $3,601,738 $3,241,510 $2,639,501 $360,228
2020 $3,326,121 $3,689,983 $1,161,675 $-363,862
2019 $3,462,935 $3,180,697 $1,092,208 $282,238
2018 $385,147 $4,484 $385,631 $380,663
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