ASPIRE PUBLIC SCHOOLS

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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

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.

Program Service Accomplishments

Program 1

Expenses: $306,788,774

ASPIRE PUBLIC SCHOOLS BUILDS AND OPERATES HIGH QUALITY PUBLIC CHARTER SCHOOLS TO PREPARE STUDENTS FOR COLLEGE. ASPIRE PUBLIC SCHOOLS OPERATES 36 SCHOOLS SERVING OVER 15,000 STUDENTS.

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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 $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

Governance

Voting Members

Independent Members

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

$990,003

Total Directors

Key Employees

$1,985,967

Highest Compensated

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