ASPIRE PUBLIC SCHOOLS

EIN: 943311088 501(c)(3) Education

OAKLAND, CA

Total Revenue
$317,680,540
Total Expenses
$334,530,181
Total Assets
$415,924,317
Net Assets
$114,266,612
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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
1998
Legal Domicile
CA
Principal Officer
MALA BATRA
Phone
5104345000
Tax Period
2023-07-01 to 2024-06-30

ASPIRE PUBLIC SCHOOLS, founded in 1998, is a major nonprofit in the Education sector that reported $317.7M in total revenue in fiscal year 2023.

Mission

TO OPEN AND OPERATE SMALL, HIGH-QUALITY CHARTER SCHOOLS IN LOW-INCOME NEIGHBORHOODS; TO INCREASE ACADEMIC PERFORMANCE OF UNDERSERVED STUDENTS; TO DEVELOP EFFECTIVE EDUCATORS; TO SHARE SUCCESSFUL PRACTICES WITH OTHER FORWARD THINKING EDUCATORS; TO CATALYZE CHANGE IN PUBLIC SCHOOLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $313,334,609
Program Service Revenue $0
Investment Income $2,617,395
Other Revenue $1,728,536
TOTAL REVENUE $317,680,540

Expense Breakdown

Grants Paid $0
Salaries & Benefits $235,129,831
Fundraising Expenses $2,056,664
Program Expenses $306,788,774
Other Expenses $99,400,350
TOTAL EXPENSES $334,530,181

Year-over-Year Comparison

2023 2022 Change
Revenue $317,680,540 $326,951,965 0.0%
Expenses $334,530,181 $293,334,046 +0.1%
Net Income $-16,849,641 $33,617,919 -1.5%
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
7
Independent Members
7
Employees
2722
Volunteers
500

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
3
$990,003
Total Directors
7
$0
Key Employees
7
$1,985,967
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VELETA SAVANNAH BOARD MEMBER 2.00
Director
$0 $0 $0
CHRISTINA CHRISTOPHER BOARD MEMBER 2.00
Director
$0 $0 $0
LOREA MARTINEZ BOARD MEMBER 2.00
Director
$0 $0 $0
AY'ANNA MOODY BOARD MEMBER 2.00
Director
$0 $0 $0
BETH HUNKAPILLER BOARD CHAIR 2.00
Director
$0 $0 $0
ANTHONY BARKETT BOARD MEMBER 2.00
Director
$0 $0 $0
CAROL ORNELAS BOARD MEMBER 2.00
Director
$0 $0 $0
MALA BATRA CHIEF EXECUTIVE OFFICER 40.00
Officer
$293,453 $102,104 $395,557
MARY E CHA-CASWELL CHIEF OPERATING OFFICER 40.00
Officer
$240,904 $52,815 $293,719
MICHAEL WIMBISH CHIEF FINANCIAL OFFICER 40.00
Officer
$226,394 $74,333 $300,727
ANTHONY SOLINA EXECUTIVE DIRECTOR 40.00
Key Emp
$225,500 $81,655 $307,155
ELIZABETH M KENNEDY EXECUTIVE DIRECTOR ASPIRE FOUNDATION 40.00
Key Emp
$218,237 $59,915 $278,152
DANIEL SOLEIMANI CHIEF OF STAFF 40.00
Key Emp
$203,401 $64,132 $267,533
LISA M FRECCERO VP PROGRAM SUPPORTS 40.00
Key Emp
$202,908 $68,586 $271,494
JAVIER CABRA EXECUTIVE DIRECTOR 40.00
Key Emp
$226,380 $81,942 $308,322
CHRISTOPHER CARR EXECUTIVE DIRECTOR 40.00
Key Emp
$225,889 $68,385 $294,274
STEPHANIE A VAUGHN SENIOR DIRECTOR OF HR 40.00
Key Emp
$188,616 $70,421 $259,037
MELISSA I BROOKENS REGINAL SUPERINTENDEND, EQUITY LEADERSHIP SC 40.00
Highest
$201,159 $63,777 $264,936
KATY M ELLISON AREA SUPERINTENDENT 40.00
Highest
$201,845 $77,158 $279,003
WESLEY J FRAKES PRINCIPAL 40.00
Highest
$185,322 $73,915 $259,237
LEILANI C LAFAURIE REGIONAL SUPERINTENDENT, EQUITABLE INSTRU 40.00
Highest
$201,870 $76,913 $278,783
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 $317,680,540 $334,530,181 $415,924,317 $-16,849,641
2023 $326,951,965 $293,334,046 $293,695,053 $33,617,919
2022 $254,804,415 $250,355,454 $245,280,490 $4,448,961
2021 $233,476,749 $211,117,883 $207,841,845 $22,358,866
2020 $226,820,045 $234,341,288 $156,797,476 $-7,521,243
2019 $224,564,129 $233,207,228 $160,779,787 $-8,643,099
2018 $212,107,665 $215,817,699 $144,945,764 $-3,710,034
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