ROCKETSHIP PUBLIC SCHOOLS TEXAS (EIN 843223079) - 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

2020

Legal Domicile

Principal Officer

SAJADE MILLER

Phone

6507404290

Tax Period

2023-07-01 to 2024-06-30

ROCKETSHIP PUBLIC SCHOOLS TEXAS, founded in 2020, is a mid-sized nonprofit in the Education sector that reported $14.1M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum.

Mission

SERVING LOW-INCOME COMMUNITIES WITH LIMITED ACCESS TO EXCELLENT SCHOOLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,623,933

Program Service Revenue $6,436,528

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,060,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,494,616

Fundraising Expenses $13,977

Program Expenses $11,582,642

Other Expenses $7,537,007

TOTAL EXPENSES $15,031,623

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,060,461	$8,399,667	+0.7%
Expenses	$15,031,623	$9,110,675	+0.6%
Net Income	$-971,162	$-711,008	+0.4%

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

129

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

$282,378

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER PHILPOTT	BOARD CHAIR	2.00	Director	$0	$0	$0
ALEX JIMENEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
CYNTHIA PRINCE	BOARD MEMBER	2.00	Director	$0	$0	$0
DEREK CARSON	BOARD MEMBER	2.00	Director	$0	$0	$0
LORETTA BURNS	BOARD MEMBER	2.00	Director	$0	$0	$0
MISHON LANDRY	BOARD MEMBER	2.00	Director	$0	$0	$0
VENCENT DAVILA	BOARD MEMBER	2.00	Director	$0	$0	$0
VICTORIA PUENTE	BOARD MEMBER	2.00	Director	$0	$0	$0
WALTER DANSBY	BOARD MEMBER	2.00	Director	$0	$0	$0
SAJADE MILLER	TEXAS SUPERINTENDENT	40.00	Officer	$250,686	$31,692	$282,378
CHRISTINA HANSON	ASST DIRECTOR OF STUDENT SERVICES	40.00	Highest	$118,800	$16,278	$135,078
AMARIS SALAZAR	PRINCIPAL	40.00	Highest	$105,574	$11,877	$117,451

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	$14,060,461	$15,031,623	$22,887,062	$-971,162
2023	$8,399,667	$9,110,675	$21,187,282	$-711,008
2022	$1,300,000	$710,761	$7,294,601	$589,239

ROCKETSHIP PUBLIC SCHOOLS TEXAS