KIPP NORTH CAROLINA

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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

2021

Legal Domicile

Principal Officer

ANTHONY BURRELL

Phone

6269756845

Tax Period

2023-07-01 to 2024-06-30

KIPP NORTH CAROLINA, founded in 2021, is a community nonprofit in the Education sector that reported $8.5M in total revenue in fiscal year 2023. Expenses of $7.8M left a modest 9% surplus.

Mission

SUPPORT OF MEMBER CHARTER SCHOOLS IN NORTH CAROLINA

Program Service Accomplishments

Program 1

Expenses: $5,185,250 Revenue: $7,261,484

KIPP NC OPERATED FOUR PUBLICLY FUNDED CHARTER SCHOOLS IN NORTH CAROLINA, PROVIDING FACILITIES, TEACHERS, MATERIALS AND EDUCATION TO APPROXIMATELY 3,500 STUDENTS FOR FY ENDING 6/30/24

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,064,452

Program Service Revenue $7,247,246

Investment Income $222,204

Other Revenue $-22,043

TOTAL REVENUE $8,511,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,262,527

Fundraising Expenses $275,934

Program Expenses $5,185,250

Other Expenses $1,490,241

TOTAL EXPENSES $7,752,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,511,859	$8,803,639	0.0%
Expenses	$7,752,768	$6,131,437	+0.3%
Net Income	$759,091	$2,672,202	-0.7%

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

$1,014,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS KAHN	BOARD CHAIR	5.00	Director	$0	$0	$0
RUSS ALTENBURG	BOARD MEMBER	2.00	Director	$0	$0	$0
KIMBERLY GREEN	BOARD MEMBER	2.00	Director	$0	$0	$0
KELBY HICKS	BOARD MEMBER	2.00	Director	$0	$0	$0
JON MORRIS	BOARD MEMBER	2.00	Director	$0	$0	$0
REID PHILLIPS	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIUS TILLERY	BOARD MEMBER	2.00	Director	$0	$0	$0
RICH RICHARDS	BOARD MEMBER	2.00	Director	$0	$0	$0
ARTHUR ROGERS	BOARD MEMBER	2.00	Director	$0	$0	$0
MINNIE FORTE-BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
TIM SAINTSING	CEO	15.00	Officer	$219,457	$0	$219,457
ANOKHI SARAIYA	CHIEF ACADEMIC OFFICER	15.00	Officer	$180,798	$0	$180,798
MICHAEL STIMPFEL	CHIEF FINANCIAL OFFICER	15.00	Officer	$167,832	$0	$167,832
LIZZETTE CINTRON	CHIEF TALENT OFFICER	15.00	Officer	$145,276	$0	$145,276
CHRISTIAN DRAKE	COO	15.00	Officer	$150,308	$0	$150,308
MAI LI MUNOZ	CHIEF OF EXTERNAL AFFAIRS	15.00	Officer	$151,320	$0	$151,320

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	No data	No data	No data	No data
2024	$8,511,859	$7,752,768	$6,166,722	$759,091
2023	$8,803,639	$6,131,437	$5,433,947	$2,672,202
2022	$7,898,178	$5,225,983	$2,869,780	$2,672,195