ATLAS PUBLIC SCHOOLS (EIN 833942865) - 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

2019

Legal Domicile

Principal Officer

COLBY HECKENDORN

Phone

3143770090

Tax Period

2024-07-01 to 2025-06-30

ATLAS PUBLIC SCHOOLS, founded in 2019, is a community nonprofit in the Education sector that reported $9.6M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $8.6M left a modest 10% surplus.

Mission

ATLAS PUBLIC SCHOOLS NURTURES A THRIVING COMMUNITY BY EDUCATING THE WHOLE CHILD THROUGH A RIGOROUS ACADEMIC PROGRAM ENRICHED WITH REAL-WORLD EXPERIENCES, WHILE PRIORITIZING THE SUPPORT, GROWTH, AND SUSTAINABILITY OF OUR DEDICATED EDUCATORS.

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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 $9,613,306

Program Service Revenue $137,391

Investment Income $-133,047

Other Revenue $0

TOTAL REVENUE $9,617,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,304,039

Fundraising Expenses $73,574

Program Expenses $7,045,320

Other Expenses $3,317,228

TOTAL EXPENSES $8,621,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,617,650	$6,426,307	+0.5%
Expenses	$8,621,267	$6,419,986	+0.3%
Net Income	$996,383	$6,321	+156.6%

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

$216,871

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR THOMAS	MEMBER	2.00	Director	$0	$0	$0
LORNA SANCHEZ MCCLELLAN	MEMBER	2.00	Director	$0	$0	$0
MARK MINDEN	MEMBER	2.00	Director	$0	$0	$0
SCOTT MALIN	MEMBER	5.00	Director	$0	$0	$0
NANCY WILD	MEMBER	5.00	Director	$0	$0	$0
ALICE DICKHERBER	SECRETARY	2.00	Officer Director	$0	$0	$0
KWOFE COLEMAN	TREASURER	2.00	Officer Director	$0	$0	$0
RUSS KIRK	PRESIDENT	5.00	Officer Director	$0	$0	$0
COLBY HECKENDORN	EXECUTIVE DIRECTOR	60.00	Officer	$177,625	$39,246	$216,871

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	$9,617,650	$8,621,267	$26,692,230	$996,383
2024	$6,426,307	$6,419,986	$17,696,472	$6,321
2023	$5,386,304	$4,027,340	$13,268,403	$1,358,964
2022	$1,143,523	$1,245,708	$1,004,632	$-102,185
2021	$1,270,653	$1,003,937	$1,192,133	$266,716
2020	$304,275	$50,565	$254,210	$253,710

ATLAS PUBLIC SCHOOLS