NEW HOPE CHARTER SCHOOL

EIN: 851441224 501(c)(3) Education

SACRAMENTO, CA

Total Revenue
$2,944,724
Total Expenses
$3,275,126
Total Assets
$1,984,523
Net Assets
$-80,621
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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
CA
Principal Officer
EXECUTIVE DIRECTOR
Phone
9166495077
Tax Period
2024-07-01 to 2025-06-30

NEW HOPE CHARTER SCHOOL, founded in 2020, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Expenses of $3.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

OUR MISSION IS TO PROVIDE A SAFE, NURTURING AND SUPPORTIVE LEARNING ENVIRONMENT THAT WILL EMPOWER STUDENTS TO MAXIMIZE THEIR ACADEMIC POTENTIAL. WE WILL GUIDE OUR STUDENTS IN DEVELOPING CRITICAL THINKING SKILLS, LEARNING PERSONAL AND SOCIAL ACCOUNTABILITY AND RESPONSIBILITY, AND TECHNOLOGICAL SKILLS OF THE 21ST CENTURY, AND PREPARE THEM FOR POST-SECONDARY OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $1,933,093

NEW HOPE CHARTER SCHOOL (NHCS) IS A PUBLIC, TUITION-FREE, COLLEGE-PREP MIDDLE SCHOOL WITH A RIGOROUS ACADEMIC PROGRAM THAT WILL PREPARE OUR SCHOLARS FOR HIGH SCHOOL, COLLEGE AND CAREER OPPORTUNITIES...

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NEW HOPE CHARTER SCHOOL (NHCS) IS A PUBLIC, TUITION-FREE, COLLEGE-PREP MIDDLE SCHOOL WITH A RIGOROUS ACADEMIC PROGRAM THAT WILL PREPARE OUR SCHOLARS FOR HIGH SCHOOL, COLLEGE AND CAREER OPPORTUNITIES. NHCS HAS DEVELOPED A POWERFUL AND UNIQUE RELATIONSHIP WITH ROBLA SCHOOL DISTRICT. WE WILL CONTINUE TO COLLABORATE WITH ROBLA SCHOOL DISTRICT IN DEVELOPING, PLANNING AND OPERATING OUR SCHOOL, WHICH IS CAREFULLY DESIGNED TO MEET THE SPECIFIC NEEDS OF ROBLA FAMILIES AND MIDDLE SCHOOL STUDENTS. NHCS INITIALLY OPENED IN AUGUST 2021. DURING THE 2024-25 SCHOOL YEAR, NHCS SERVED APPROXIMATELY 164 STUDENTS IN GRADES 7 AND 8 WITH ONE STUDENT IN GRADE 6.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,944,724
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,944,724

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,089,425
Fundraising Expenses $0
Program Expenses $1,933,093
Other Expenses $1,185,701
TOTAL EXPENSES $3,275,126

Year-over-Year Comparison

2024 2023 Change
Revenue $2,944,724 $2,958,897 0.0%
Expenses $3,275,126 $3,211,786 +0.0%
Net Income $-330,402 $-252,889 +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
4
Independent Members
4
Employees
33
Volunteers
4

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
4
$181,052
Total Directors
4
$17,587
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF KREISER CHAIR/PT STAFF 10.00
Officer Director
$17,569 $18 $17,587
KIM HOWARD TREASURER 2.00
Officer Director
$0 $0 $0
LISA FONG SECRETARY 2.00
Officer Director
$0 $0 $0
RUBEN REYES DIRECTOR 2.00
Director
$0 $0 $0
HERINDER PEGANY EXECUTIVE DIRECTOR 40.00
Officer
$123,255 $40,210 $163,465
ANJAM KHAN SCHOOL DIRECTOR 40.00
Highest
$135,007 $36,157 $171,164
CLAUDIA BERMUDEZ YEPEZ SPANISH TEACHER/DIRECTOR OF DL 40.00
Highest
$110,500 $21,150 $131,650
HARI SHETTY TEACHER/INSTRUCTIONAL COACH 40.00
Highest
$100,278 $19,323 $119,601
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 $2,944,724 $3,275,126 $1,984,523 $-330,402
2024 No data No data No data No data
2023 $3,821,036 $3,341,100 $2,784,337 $479,936
2022 $2,510,046 $2,334,794 $2,435,433 $175,252
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