Fern-Waters Public Charter School (EIN 824261500) - 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

2018

Legal Domicile

Principal Officer

Kristin Foss

Phone

2087421881

Tax Period

2024-07-01 to 2025-06-30

Fern-Waters Public Charter School, founded in 2018, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $401K, a strong 23% operating margin.

Mission

Public Education.

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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 $1,734,799

Program Service Revenue $0

Investment Income $34,882

Other Revenue $0

TOTAL REVENUE $1,769,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,053,821

Fundraising Expenses $0

Program Expenses $1,123,228

Other Expenses $314,818

TOTAL EXPENSES $1,368,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,769,681	$1,340,749	+0.3%
Expenses	$1,368,639	$1,026,414	+0.3%
Net Income	$401,042	$314,335	+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

Governance

Voting Members

Independent Members

Employees

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

$103,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristin Foss	Administrator	40.00	Officer	$91,842	$12,018	$103,860
Tammy Cole	Member	1.00	Director	$0	$0	$0
John Logan	Secretary	1.00	Officer Director	$0	$0	$0
Ryan Larsen	Treasurer	1.00	Officer Director	$0	$0	$0
Maggie Seaberg	Vice Chair	1.00	Officer Director	$0	$0	$0
Jennifer Coffey	Chair	1.00	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
2025	$1,769,681	$1,368,639	$2,065,095	$401,042
2024	$1,340,749	$1,026,414	$1,716,204	$314,335
2023	$1,033,591	$865,436	$1,483,188	$168,155
2022	$1,086,120	$730,368	$1,222,780	$355,752
2021	$852,223	$791,866	$652,533	$60,357
2020	$621,710	$394,560	$279,048	$227,150

Fern-Waters Public Charter School