ROCKETSHIP EDUCATION WISCONSIN INC

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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

2012

Legal Domicile

Principal Officer

BENJAMIN CARSON

Phone

8778060920

Tax Period

2024-07-01 to 2025-06-30

ROCKETSHIP EDUCATION WISCONSIN INC, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $10.8M in total revenue in fiscal year 2024.

Mission

FOUNDED IN 2006, ROCKETSHIP EDUCATION IS A 501 (C)(3) NON-PROFIT CORPORATION WHOSE MISSION IS TO ELIMINATE THE ACHIEVEMENT GAP IN UNDERSERVED COMMUNITIES ACROSS THE COUNTRY. THE CORE OF ROCKETSHIP'S INSTRUCTIONAL MODEL IS A TEACHER-LED, TECHNOLOGY SUPPORTED APPROACH TO PERSONALIZED LEARNING THAT MATCHES EACH STUDENT WITH THE RIGHT CONTENT AT THE RIGHT TIME UTILIZING THE RIGHT METHOD OF INSTRUCTION. BY DEEPLY ENGAGING PARENTS IN THEIR STUDENT'S LEARNING AND THE SCHOOL COMMUNITY, ROCKETSHIP DEVELOPS PARENTS WHO BECOME LIFELONG ADVOCATES FOR THEIR CHILDREN AND THEIR COMMUNITY. WORKING ALONGSIDE PARENTS, COMMUNITY ORGANIZATIONS, DISTRICTS AND OTHER CHARTER SCHOOLS, ROCKETSHIP IS CATALIZING A MOVEMENT TO ELIMINATE THE ACHIEVEMENT GAP IN OUR LIFETIME.

Program Service Accomplishments

Program 1

Expenses: $9,392,396 Revenue: $0

ROCKETSHIP EDUCATION WISCONSIN OPERATES ROCKETSHIP EDUCATION PUBLIC SCHOOLS. THESE SCHOOLS SERVE APPROXIMATELY 700 STUDENTS IN THE MILWAUKEE REGION.

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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 $10,707,795

Program Service Revenue $0

Investment Income $0

Other Revenue $70,085

TOTAL REVENUE $10,777,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,141,628

Fundraising Expenses $0

Program Expenses $9,392,396

Other Expenses $4,889,669

TOTAL EXPENSES $11,031,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,777,880	$10,138,693	+0.1%
Expenses	$11,031,297	$11,004,638	+0.0%
Net Income	$-253,417	$-865,945	-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

101

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

$665,918

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRESTON SMITH	CEO	5.00	Officer	$0	$59,582	$377,475
BENJAMIN CARSON	CFO	5.00	Officer	$0	$15,159	$288,443
KADEEM LEON GILL	EXECUTIVE DIRECTOR, MILWAUKEE	40.00	Highest	$165,915	$20,583	$186,498
DELLIANNA HARDY	DIRECTOR, SCHOOLS, MKE	40.00	Highest	$134,257	$31,972	$166,229
FAUSTO EVANS	CHIEF OF STAFF, MILWAUKEE	40.00	Highest	$122,417	$38,515	$160,932
LAUREN TAYLOR	SR. DIRECTOR, EXT. AFFAIRS MKE	40.00	Highest	$112,070	$26,666	$138,736
PORTIA HUNTER	PRINCIPAL, ROCKETSHIP MKE	40.00	Highest	$126,626	$1,554	$128,180
BRIAN KILB	CHAIR	2.00	Officer Director	$0	$0	$0
TIM SHEEHY	DIRECTOR	2.00	Director	$0	$0	$0
KRISTEN LOZADA MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
KEN KUMBER	DIRECTOR	2.00	Director	$0	$0	$0
QUENTIN PRINCE	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTIE CARRINO	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL NGUYEN	DIRECTOR	2.00	Director	$0	$0	$0
SKIP MCGREGOR	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH MCGRIFF	DIRECTOR	2.00	Director	$0	$0	$0
GISELA TERNER	DIRECTOR	2.00	Director	$0	$0	$0
LOREN MORRIS	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER LOPEZ BRANSHAW	DIRECTOR	2.00	Director	$0	$0	$0
RALPH WEBER	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	$10,777,880	$11,031,297	$7,924,836	$-253,417
2024	$10,138,693	$11,004,638	$9,068,226	$-865,945
2023	$9,134,078	$10,394,235	$8,726,935	$-1,260,157
2022	$10,001,080	$9,840,976	$2,327,616	$160,104
2021	$8,201,884	$7,958,709	$2,158,139	$243,175
2020	$7,068,996	$7,761,771	$2,065,929	$-692,775
2019	$6,314,189	$6,966,565	$1,529,784	$-652,376
2018	$5,783,812	$5,660,959	$1,599,326	$122,853