BOLD CHARTER SCHOOL

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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

ANDREW FOGLIA

Phone

9295064369

Tax Period

2024-07-01 to 2025-06-30

BOLD CHARTER SCHOOL, founded in 2018, is a mid-sized nonprofit in the Education sector that reported $13.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

WITH AN UNWAVERING COMMITMENT TO EXCELLENCE, BOLD DELIVERS A WORLD-CLASS PUBLIC EDUCATION THAT EQUIPS CHILDREN FROM ALL BACKGROUNDS WITH THE ACADEMIC AND CHARACTER FOUNDATION TO SUCCEED IN COLLEGE AND SERVE AS THE NEXT GENERATION OF LEADERS.

Program Service Accomplishments

Program 1

Expenses: $11,328,345 Revenue: $12,432,244

EDUCATIONAL SERVICES FOR STUDENTS IN GRADES K-6.

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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 $1,341,905

Program Service Revenue $12,432,244

Investment Income $20

Other Revenue $0

TOTAL REVENUE $13,774,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,976,146

Fundraising Expenses $0

Program Expenses $11,328,345

Other Expenses $5,616,651

TOTAL EXPENSES $13,592,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,774,169	$12,188,349	+0.1%
Expenses	$13,592,797	$11,904,421	+0.1%
Net Income	$181,372	$283,928	-0.4%

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

$425,271

Total Directors

Key Employees

$203,241

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND JOSEPH JR	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JON BARFIELD	TREASURER	1.00	Officer Director	$0	$0	$0
SANDEEP CHOUKSEY	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA WEST	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN CUMMINGS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NANCY MILLER	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW FOGLIA	EXECUTIVE DIRECTOR	45.00	Officer	$211,117	$17,526	$228,643
MATTHEW GOULD	CHIEF FINANCIAL OFFICER	40.00	Officer	$171,670	$24,958	$196,628
KATHLEEN WATKINS	DIRECTOR OF PEOPLE OPERATI	40.00	Key Emp	$179,655	$23,586	$203,241
CARSON ROCKEFELLER	MIDDLE SCHOOL LEAD	40.00	Highest	$147,686	$30,833	$178,519
THOMAS KHADOO	BUSINESS OPERATIONS LEAD	40.00	Highest	$135,880	$13,981	$149,861
REBECCA SCOGNAMIGLIO PASINI	DIRECTOR OF TEACHING AND LEARNING	40.00	Highest	$193,160	$0	$193,160
LOLA SANCHEZ-CARRION	ASSOCIATE PRINCIPAL, SCHOOL CULTURE	40.00	Highest	$130,132	$10,901	$141,033
SHADE CHAPMAN-AU	ASSOCIATE PRINCIPAL, OPERATIONS	40.00	Highest	$131,077	$24,735	$155,812

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	$13,774,169	$13,592,797	$10,932,057	$181,372
2024	$12,188,349	$11,904,421	$13,958,653	$283,928
2023	$9,702,009	$10,088,144	$15,709,806	$-386,135
2022	$6,952,750	$6,024,639	$3,240,666	$928,111
2021	$4,970,389	$3,645,853	$2,025,819	$1,324,536
2020	$2,941,893	$2,977,718	$1,157,653	$-35,825
2019	$1,027,987	$558,143	$726,162	$469,844