VIBRANT MINDS CHARTER SCHOOL (EIN 844471218) - 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

2019

Legal Domicile

Principal Officer

DEBRA SCHROEDER

Phone

7145632390

Tax Period

2024-07-01 to 2025-06-30

VIBRANT MINDS CHARTER SCHOOL, founded in 2019, is a community nonprofit in the Education sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 28% operating margin.

Mission

MEMBERS OF VIBRANT MINDS CHARTER SCHOOL CREATE AN ENRICHED AND ENGAGING LEARNING ENVIRONMENT IN WHICH INTERESTS ARE DISCOVERED AND TRANSFORMED INTO STRENGTHS. CHARACTER IS REFINED THROUGH SELF-AWARENESS, ACCEPTANCE OF OTHERS, AND SERVICE TO THE COMMUNITY. ABOVE ALL, THERE IS COMMITMENT TO IGNITE A LOVE FOR LEARNING AND INSPIRE A QUEST TO FULFILL ONE'S UNLIMITED POTENTIAL AS A UNIQUE HUMAN BEING.

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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 $6,678,665

Program Service Revenue $0

Investment Income $0

Other Revenue $701,910

TOTAL REVENUE $7,380,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,144,792

Fundraising Expenses $0

Program Expenses $4,225,818

Other Expenses $2,146,683

TOTAL EXPENSES $5,291,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,380,575	$4,841,527	+0.5%
Expenses	$5,291,475	$4,378,087	+0.2%
Net Income	$2,089,100	$463,440	+3.5%

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

$60,854

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA SCHROEDER	FOUNDING DIR	40.00	Officer	$60,854	$0	$60,854
MIKE ANDERSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
KYLE BONENBERGER	MEMBER	2.00	Director	$0	$0	$0
FAREED FARUKHI	CFO	2.00	Officer Director	$0	$0	$0
ROBERT NELSON	SECRETARY	2.00	Director	$0	$0	$0
SHARON RHEE	MEMBER	2.00	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
2025	$7,380,575	$5,291,475	$21,714,544	$2,089,100
2024	$4,841,527	$4,378,087	$6,017,789	$463,440
2023	$5,044,912	$3,817,864	$5,895,940	$1,227,048
2022	$3,502,522	$3,184,831	$4,016,525	$317,691
2021	$3,576,602	$2,892,167	$3,692,883	$684,435

VIBRANT MINDS CHARTER SCHOOL