BALL CHARTER SCHOOLS (HEARN)

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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

1997

Legal Domicile

Principal Officer

MIKE SOBIESKI

Phone

6028969160

Tax Period

2024-07-01 to 2025-06-30

BALL CHARTER SCHOOLS (HEARN), founded in 1997, is a community nonprofit in the Education sector that reported $7.9M in total revenue in fiscal year 2024. Expenses of $7.4M left a modest 5% surplus.

Mission

ARIZONA BALL CHARTER SCHOOLS PROVIDES A PERSONALIZED EDUCATION TO ALL STUDENTS EMPHASIZING COMPREHENSIVE ACADEMIC EXCELLENCE IN A SAFE, NURTURING ENVIRONMENT THROUGH PARTNERING PARENTS, STUDENTS AND STAFF.

Program Service Accomplishments

Program 1

Expenses: $6,424,559 Revenue: $6,891,165

NOW IN OUR 25TH YEAR, HEARN ACADEMY IS A HIGHLY RATED KINDERGARTEN - 8TH GRADE CHARTER SCHOOL, "WHERE CHILDREN ARE THE PRIORITY". OUR GOALS OF HIGH PARENT SATISFACTION AND INCREASING STUDENT...

NOW IN OUR 25TH YEAR, HEARN ACADEMY IS A HIGHLY RATED KINDERGARTEN - 8TH GRADE CHARTER SCHOOL, "WHERE CHILDREN ARE THE PRIORITY". OUR GOALS OF HIGH PARENT SATISFACTION AND INCREASING STUDENT PERFORMANCE ARE AT THE HEART OF OUR MISSION. OUR DESIRE IS TO PARTNER WITH PARENTS IN THE PURSUIT OF EXCELLENCE FOR ALL STUDENTS. WE OFFER A WELL-ROUNDED CORE ACADEMIC PROGRAM WHICH STRESSES LITERACY AND A STANDARDS-BASED APPROACH TO EDUCATION.

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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 $597,421

Program Service Revenue $6,891,165

Investment Income $0

Other Revenue $368,252

TOTAL REVENUE $7,856,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,666,393

Fundraising Expenses $6,008

Program Expenses $6,424,559

Other Expenses $1,771,785

TOTAL EXPENSES $7,438,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,856,838	$7,988,263	0.0%
Expenses	$7,438,178	$7,520,491	0.0%
Net Income	$418,660	$467,772	-0.1%

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

$357,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED TRAUD	PRINCIPAL	40.00	Officer	$116,705	$17,990	$134,695
KATHY GRINER	ASST. PRINCI	40.00	Officer	$94,587	$17,467	$112,054
STEVEN KNOBLAUCH	ASST. PRINCI	40.00	Officer	$93,710	$16,566	$110,276
ANGELICA BUCKLAND	DIRECTOR	2.00	Director	$0	$0	$0
KARAH GAGNON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SARAH PINGER	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE SOBIESKI	PRESIDENT	2.00	Officer Director	$0	$0	$0
JANE VERT	DIRECTOR	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	$7,856,838	$7,438,178	$9,086,755	$418,660
2024	$7,988,263	$7,520,491	$8,739,640	$467,772
2023	$7,782,367	$6,773,100	$8,340,616	$1,009,267
2022	$7,352,346	$6,637,180	$7,471,968	$715,166
2021	$6,291,249	$6,013,045	$7,043,894	$278,204
2020	$6,056,273	$5,677,105	$7,301,130	$379,168
2019	$5,558,680	$5,397,762	$6,594,326	$160,918
2018	$5,449,541	$4,843,305	$6,560,120	$606,236