Stargate Charter School

EIN: 841576891 501(c)(3) Education

Thornton, CO

Total Revenue
$22,658,597
Total Expenses
$22,083,986
Total Assets
$22,526,858
Net Assets
$-5,361,659
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
CO
Principal Officer
Lindsey Paquette
Phone
3034503936
Tax Period
2023-07-01 to 2024-06-30

Stargate Charter School, founded in 1994, is a mid-sized nonprofit in the Education sector that reported $22.7M in total revenue in fiscal year 2023.

Mission

Provide differentiated education to gifted and talented students in Adams County, Colorado in order to challenge each student's academic abilities, support their unique emotional needs, promote individual character development and encourage a lifelong love of learning.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,493,908
Program Service Revenue $20,519,919
Investment Income $449,809
Other Revenue $194,961
TOTAL REVENUE $22,658,597

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,272,213
Fundraising Expenses $0
Program Expenses $11,963,289
Other Expenses $7,811,773
TOTAL EXPENSES $22,083,986

Year-over-Year Comparison

2023 2022 Change
Revenue $22,658,597 $21,552,014 +0.1%
Expenses $22,083,986 $21,119,970 +0.0%
Net Income $574,611 $432,044 +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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Governance

Voting Members
7
Independent Members
2
Employees
236
Volunteers
437

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
8
$551,557
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa Hosfelt President 3.00
Officer Director
$0 $0 $0
Danielle Fox Secretary 2.00
Officer Director
$0 $0 $0
Samantha Howorko Treasurer 3.00
Officer Director
$0 $0 $0
Shaun Schafer Member 1.00
Director
$0 $0 $0
Ray Auyeung Member 2.00
Director
$0 $0 $0
Meryl Faulkner Member 1.00
Director
$0 $0 $0
Lindsey Paquette Vice President 1.00
Officer Director
$0 $0 $0
Kathleen Sivarajah Executive Director 40.00
Officer
$133,723 $27,417 $161,140
Lynne Whitney Executive Director 28.00
Officer
$162,819 $32,132 $194,951
Robin Greene Executive Director of Athletics 40.00
Officer
$75,437 $15,164 $90,601
Wayne Granger Executive Director of Operations & Finance 40.00
Officer
$87,268 $17,597 $104,865
Robert Cable Principal 40.00
Highest
$129,819 $26,625 $156,444
Patrick Millmore Counselor 40.00
Highest
$122,328 $22,118 $144,446
Rebecca Bradford Teacher 40.00
Highest
$119,926 $23,207 $143,133
Angela Fundaro Teacher 40.00
Highest
$103,893 $21,121 $125,014
Shalaine Root Teacher 40.00
Highest
$113,832 $21,819 $135,651
Patrick Williams Teacher 40.00
Highest
$107,031 $22,118 $129,149
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 $22,658,597 $22,083,986 $22,526,858 $574,611
2023 $21,552,014 $21,119,970 $19,505,266 $432,044
2022 $21,178,931 $16,874,792 $17,789,446 $4,304,139
2021 $21,738,033 $15,583,606 $19,773,978 $6,154,427
2020 $15,901,529 $13,468,195 $15,231,190 $2,433,334
2019 $13,426,683 $16,404,063 $18,376,501 $-2,977,380
2018 $11,097,044 $18,958,279 $28,597,333 $-7,861,235
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