LINK Public 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

2019

Legal Domicile

Principal Officer

Jinah Chernivec

Phone

3039087510

Tax Period

2022-07-01 to 2023-06-30

LINK Public School, founded in 2019, is a small nonprofit that reported $256K in total revenue in fiscal year 2022. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $648K exceeded revenue, resulting in a 153% operating deficit.

Mission

Link Public Schools is a diverse, purpose-driven community that equips all students for college, career, and life.

Program Service Accomplishments

Program 1

Expenses: $416,583 Revenue: $0

This was the Start-up for the school. The board was successful in securing the Federal CSP grant. Due to the unprecedented event surrounding COVID-19 the Board decided to postpone opening the school until FY23. In FY22 the school coordinators focused on obtaining additional funding, designing the program, and recruiting students for the opening year.

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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 (2022)

Revenue Breakdown

Contributions & Grants $80,619

Program Service Revenue $0

Investment Income $11,619

Other Revenue $163,861

TOTAL REVENUE $256,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,113

Fundraising Expenses $0

Program Expenses $416,583

Other Expenses $439,932

TOTAL EXPENSES $648,045

Year-over-Year Comparison

	2022	2021	Change
Revenue	$256,099	$665,909	-0.6%
Expenses	$648,045	$522,767	+0.2%
Net Income	$-391,946	$143,142	-3.7%

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

$106,311

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Margie Soran	Director	1.50	Director	$0	$0	$0
Tyler Baier	Finance Chair	2.50	Officer Director	$0	$0	$0
Deron Carrington	Director	1.50	Director	$0	$0	$0
Jinah Chernivec	Board Chair	2.50	Officer Director	$0	$0	$0
Sarah Johnson	Director	1.50	Director	$0	$0	$0
Tobias Knight	Director	1.00	Director	$0	$0	$0
Brad White	Executive Director	40.00	Officer	$100,000	$6,311	$106,311

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
2023	$256,099	$648,045	$7	$-391,946
2022	$665,909	$522,767	$555,790	$143,142
2021	$390,762	$442,571	$257,189	$-51,809