Portal Schools

EIN: 843298910 501(c)(3)

Hermosa Beach, CA

Total Revenue
$508,845
Total Expenses
$1,011,662
Total Assets
N/A
Net Assets
$38,653
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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
CA
Principal Officer
Gary Wayland
Phone
3103760455
Tax Period
2023-07-01 to 2024-06-30

Portal Schools, founded in 2019, is a small nonprofit that reported $509K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 99% operating deficit.

Mission

ortal Schools delivers high school, college, and career immersion all on one campus. Our intentionally diverse communities and personalized approach to learning empowers students to find their voice, blaze their own trail, and thrive as engaged citizens. With interactive learning and on-the-job experience, Portal has redefined education to support the needs of young minds in an evolving world.

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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 $508,845
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $508,845

Expense Breakdown

Grants Paid $0
Salaries & Benefits $385,231
Fundraising Expenses $54,871
Program Expenses $820,203
Other Expenses $626,431
TOTAL EXPENSES $1,011,662

Year-over-Year Comparison

2023 2022 Change
Revenue $508,845 $1,046,314 -0.5%
Expenses $1,011,662 $1,739,555 -0.4%
Net Income $-502,817 $-693,241 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
16
Employees
7
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
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gary Wayland CFO 1.00
Officer Director
$0 $0 $0
Antonieta Arango Board member 1.00
Director
$0 $0 $0
Dr Frank Baxter Board member 1.00
Officer Director
$0 $0 $0
Dr Milo Dodson Board member 1.00
Director
$0 $0 $0
Michael Druckman Board member 1.00
Director
$0 $0 $0
Paul Escala Board member 1.00
Director
$0 $0 $0
Nick Galano Board member 1.00
Director
$0 $0 $0
Sabrina Kay Board member 1.00
Director
$0 $0 $0
Sarah Ketterer Board member 1.00
Director
$0 $0 $0
Steve Malony Board member 1.00
Director
$0 $0 $0
Chet Pipkin Board member 1.00
Director
$0 $0 $0
Kristy Schaffer Board member 1.00
Director
$0 $0 $0
Courtney Collins Shapiro Board member 1.00
Officer Director
$0 $0 $0
Nichol Whiteman Board member 1.00
Director
$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 $508,845 $1,011,662 No data $-502,817
2023 $1,046,314 $1,739,555 $641,277 $-693,241
2022 $2,826,716 $1,940,903 $1,377,137 $885,813
2021 $932,711 $583,812 $483,231 $348,899
2021 $932,711 $607,876 $550,218 $324,835
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