CHARISMA ACADEMY I INC

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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

NOESH HORDAGODA

Phone

3237674517

Tax Period

2024-01-01 to 2024-12-31

CHARISMA ACADEMY I INC, founded in 2019, is a small nonprofit that reported $789K in total revenue in fiscal year 2024.

Mission

PROVIDE ALL CHILDREN WITH A QUALITY EDUCATION THAT EMPOWERS AND ENABLES THEM TO BECOME ACTIVE AND BENEFICIAL MEMBERS OF SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $698,007

Standard preschool program with the accomplishment to have all 70 children enrolled in the 2024 program to graduate from preschool.

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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 $0

Program Service Revenue $789,138

Investment Income $0

Other Revenue $0

TOTAL REVENUE $789,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,764

Fundraising Expenses $13,002

Program Expenses $698,007

Other Expenses $546,363

TOTAL EXPENSES $789,127

Year-over-Year Comparison

	2024	2023	Change
Revenue	$789,138	$764,306	+0.0%
Expenses	$789,127	$741,400	+0.1%
Net Income	$11	$22,906	-1.0%

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

N/A

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

$36,804

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gladys Villalobos	SECRETARY	60.0	Officer	$36,804	$0	$36,804
Noesh Hordagoda	PRESIDENT	30.0	Officer	$0	$0	$0
Nigel Hordagoda	Chief Financial Officer	20.0	Officer	$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
2024	$789,138	$789,127	$35,042	$11
2023	$764,306	$741,400	$48,807	$22,906
2022	$567,657	$615,001	$18,423	$-47,344
2021	$338,524	$363,229	$17,858	$-24,705
2020	$230,011	$159,058	$47,256	$70,953