Choice Charter School Services Inc

EIN: 881848725 501(c)(3) Education

Dunedin, FL

Total Revenue
$448,050
Total Expenses
$505,277
Total Assets
$194,298
Net Assets
$23,928
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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
2022
Legal Domicile
FL
Principal Officer
Alex Veloudos
Phone
7277987785
Tax Period
2024-01-01 to 2024-12-31

Choice Charter School Services Inc, founded in 2022, is a small nonprofit in the Education sector that reported $448K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $505K exceeded revenue, resulting in a 13% operating deficit.

Mission

Charter School

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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 $0
Program Service Revenue $448,050
Investment Income $0
Other Revenue $0
TOTAL REVENUE $448,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,783
Fundraising Expenses $0
Program Expenses $505,277
Other Expenses $437,494
TOTAL EXPENSES $505,277

Year-over-Year Comparison

2024 2023 Change
Revenue $448,050 $493,653 -0.1%
Expenses $505,277 $471,492 +0.1%
Net Income $-57,227 $22,161 -3.6%
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
3
Independent Members
3
Employees
1
Volunteers
3

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
2
$235,000
Total Directors
0
$0
Key Employees
2
$154,424
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Director 40.00
Officer
$117,500 $0 $117,500
Sarah Wagner Account Executive 40.00
Key Emp
$36,924 $0 $36,924
Edvelope LLC Director 40.00
Officer Key Emp
$117,500 $0 $117,500
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
2024 $448,050 $505,277 $194,298 $-57,227
2023 $493,653 $471,492 $251,525 $22,161
2022 No data No data No data No data
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