AECI CHARTER SCHOOLS NETWORK (EIN 833411878) - 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

DERICK SPAULDING

Phone

6467417470

Tax Period

2024-07-01 to 2025-06-30

AECI CHARTER SCHOOLS NETWORK, founded in 2018, is a mid-sized nonprofit in the Education sector that reported $21.9M in total revenue in fiscal year 2024. Expenses of $24.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION OF AECI IS TO CREATE A RIGOROUS COLLEGE PREP ACADEMIC PROGRAM THAT PROVIDES STUDENTS WITH A FOUNDATION OF THE NECESSARY SKILLS, KNOWLEDGE, AND PRACTICAL EXPERIENCE TO PURSUE A PATH LEADING TO COLLEGE AND/OR A CAREER IN COMPUTER, ENGINEERING, OR INNOVATION INDUSTRIES.

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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 $1,277,074

Program Service Revenue $20,365,685

Investment Income $213,423

Other Revenue $0

TOTAL REVENUE $21,856,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,098,269

Fundraising Expenses $0

Program Expenses $20,292,617

Other Expenses $7,765,316

TOTAL EXPENSES $24,863,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,856,182	$22,728,108	0.0%
Expenses	$24,863,585	$21,950,950	+0.1%
Net Income	$-3,007,403	$777,158	-4.9%

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

169

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

$271,362

Total Directors

Key Employees

$538,435

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRMA ZARDOYA	BOARD CHAIR - RESIGNED 12/25	10.00	Officer Director	$0	$0	$0
PAUL COMRIE	BOARD MEMBER	10.00	Director	$0	$0	$0
SHAMEEKA GONZALEZ	BOARD MEMBER	10.00	Director	$0	$0	$0
ROBERT BURTON	BOARD MEMBER	10.00	Director	$0	$0	$0
GREG KIMBLE	BOARD MEMBER	10.00	Director	$0	$0	$0
PETER QUINONES	BOARD MEMBER	10.00	Director	$0	$0	$0
DEVON PRIOLEAU	BOARD MEMBER	10.00	Director	$0	$0	$0
DERICK SPAULDING	CEO	40.00	Officer	$249,687	$21,675	$271,362
COLIN HEALY	PRINCIPAL	40.00	Key Emp	$202,443	$50,927	$253,370
SANTIAGO TAVARES	PRINCIPAL	40.00	Key Emp	$227,521	$57,544	$285,065
HECTOR RODRIGUEZ	DIRECTOR OF HR	40.00	Highest	$136,335	$15,057	$151,392
NANCY DOOLEY	ASSISTANT PRINCIPAL	40.00	Highest	$146,502	$25,056	$171,558
NESTOR PAYNE	DEAN OF STUDENTS	40.00	Highest	$141,093	$20,681	$161,774
MARC BASCH	DIRECTOR OF IT	40.00	Highest	$119,327	$24,093	$143,420
CHRIS MASTRACOLA	ASSISTANT PRINCIPAL	40.00	Highest	$146,150	$32,206	$178,356

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	$21,856,182	$24,863,585	$9,655,185	$-3,007,403
2024	$22,728,108	$21,950,950	$9,195,669	$777,158
2023	$21,145,579	$20,776,510	$10,252,515	$369,069
2022	$20,086,567	$19,118,242	$7,802,134	$968,325
2021	$14,663,929	$13,792,451	$7,480,308	$871,478
2020	$3,155,065	$3,327,559	$1,305,569	$-172,494
2019	$388,020	$204,929	$418,303	$183,091

AECI CHARTER SCHOOLS NETWORK