EXPLOREK12 (EIN 861867758) - 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

2021

Legal Domicile

Principal Officer

CECILIA IGLESIAS

Phone

9499948084

Tax Period

2024-07-01 to 2025-06-30

EXPLOREK12, founded in 2021, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 1916% from the prior year, signaling strong growth momentum. Expenses of $2.6M exceeded revenue, resulting in a 23% operating deficit.

Mission

OPERATION OF A PUBLIC CHARTER SCHOOL, EXPLORE ACADEMY, SERVING STUDENTS IN TK-8TH GRADES.

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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 $2,094,916

Program Service Revenue $0

Investment Income $1,753

Other Revenue $0

TOTAL REVENUE $2,096,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,148,451

Fundraising Expenses $0

Program Expenses $1,853,750

Other Expenses $1,424,318

TOTAL EXPENSES $2,572,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,096,669	$104,003	+19.2%
Expenses	$2,572,769	$333,001	+6.7%
Net Income	$-476,100	$-228,998	+1.1%

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

$36,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAL TINAJERO	CHAIR	2.00	Officer Director	$0	$0	$0
CHERYLYN MENDOZA	SECRETARY	2.00	Director	$0	$0	$0
MIKE TARDIF	TREASURER	2.00	Director	$0	$0	$0
LLOYD BOUCHER-REYES	DIRECTOR	2.00	Director	$0	$0	$0
SYLVIA IGLESIAS	DIRECTOR	2.00	Director	$0	$0	$0
LAURA SCHOTTMAN	EXECUTIVE DIRECTOR	40.00	Officer	$36,250	$0	$36,250

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	$2,096,669	$2,572,769	$594,876	$-476,100
2024	$104,003	$333,001	$414,435	$-228,998

EXPLOREK12