CHALLENGER BASIC SCHOOL INC (EIN 861017449) - 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

2000

Legal Domicile

Principal Officer

Brad Tobin

Phone

4808301750

Tax Period

2024-07-01 to 2025-06-30

CHALLENGER BASIC SCHOOL INC, founded in 2000, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $2.7M left a modest 12% surplus.

Mission

TO PROVIDE A QUALITY EDUCATION IN EVERY AREA OF THE CURRICULUM. IMPLEMENTATION OF THE SPALDING READING METHOD WILL DEVELOP SKILLED READERS, CRITICAL LISTENERS, ACCOMPLISHED SPEAKERS, SPELLERS, AND WRITERS. STUDENTS WILL REACH THEIR FULL POTENTIAL AND BE LIFELONG LEARNERS THROUGH THIS ENHANCED BACK TO BASICS APPROACH TO LEARNING.

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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 $2,781,388

Program Service Revenue $29,606

Investment Income $304,212

Other Revenue $292

TOTAL REVENUE $3,115,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,077,880

Fundraising Expenses $0

Program Expenses $1,864,790

Other Expenses $652,962

TOTAL EXPENSES $2,730,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,115,498	$3,421,238	-0.1%
Expenses	$2,730,842	$2,729,531	+0.0%
Net Income	$384,656	$691,707	-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

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

$283,222

Total Directors

$283,222

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD TOBIN	PRESIDENT	50.00	Officer Director	$143,222	$0	$143,222
DEANNE TOBIN	VICE-PRESIDENT	40.00	Officer Director	$140,000	$0	$140,000
MARK VITE	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
2025	$3,115,498	$2,730,842	$4,590,484	$384,656
2024	$3,421,238	$2,729,531	$4,257,591	$691,707
2023	$3,355,742	$2,615,411	$4,625,977	$740,331
2022	$3,256,960	$2,543,310	$3,902,871	$713,650
2021	$2,930,399	$2,284,204	$3,648,465	$646,195

CHALLENGER BASIC SCHOOL INC