Gorman Learning Charter Network (EIN 943356128) - 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

2000

Legal Domicile

Principal Officer

Dr Dena Kiouses

Phone

9093076312

Tax Period

2024-07-01 to 2025-06-30

Gorman Learning Charter Network, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $40.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $38.8M left a modest 3% surplus.

Mission

Gorman Offers a personalized program of study by focusing on challenging academic stndards and forming partnerships between dedicated professional and families. It empahsizes individualized student learning plans driven by interest, innovation and felxibility.

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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 $40,108,903

Program Service Revenue $0

Investment Income $0

Other Revenue $131,597

TOTAL REVENUE $40,240,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,077,457

Fundraising Expenses $0

Program Expenses $27,572,260

Other Expenses $14,756,712

TOTAL EXPENSES $38,834,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,240,500	$36,242,539	+0.1%
Expenses	$38,834,169	$36,152,943	+0.1%
Net Income	$1,406,331	$89,596	+14.7%

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

296

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Olivia Duran	Executive Dir	40.00		$281,574	$18,129	$299,703
Silvia Montejano	Director of HR	40.00		$152,431	$28,600	$181,031
Amber Solorzano	President	1.00	Officer Director	$0	$0	$0
Angela Helton	Vice President	1.00	Officer Director	$0	$0	$0
David McGovern	Treasurer	1.00	Officer Director	$0	$0	$0
Sarah Hayworth	Secretary	1.00	Officer Director	$0	$0	$0
Shannon Beck	Member	1.00	Director	$0	$0	$0
Olivia Duran	Executive Dir.	1.00	Officer	$0	$0	$0
Dena Kiouses	Superintendent	1.00	Officer	$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	$40,240,500	$38,834,169	$22,151,053	$1,406,331
2024	$36,242,539	$36,152,943	$21,595,794	$89,596
2023	$35,380,943	$34,206,588	$22,202,003	$1,174,355
2022	$29,725,144	$30,587,112	$16,765,377	$-861,968
2021	$31,204,801	$31,195,495	$15,456,352	$9,306
2020	$26,513,006	$28,709,279	$22,072,410	$-2,196,273
2019	$28,798,543	$29,621,853	$18,931,957	$-823,310
2018	$25,966,943	$25,723,727	$17,964,769	$243,216

Gorman Learning Charter Network