Passport High School Inc
Nonprofit profile at a glance
- EIN
- 522297054
- IRS 990 coverage
- 2011–2011
- Forms available
- Form 990 2011
- Location
- Orlando, FL, USA
- Phone
- 4072731188
- Rating confidence
- Limited
- Sector
- Secondary, High School
Reported finances
- Revenue
- $1,161,099
- Expenses
- $1,715,686
- Assets
- $180,700
- Liabilities
- $7,950
Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
5 people listed
Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve students' learning with the use of different and innovative learning methods, increase the choice of learning opportunities and establishing a new form of accountability for schools.
What it reported doing in 2011
The charter school provides educational services to approximately 150 students in the grades nine through twelve. The mission of the school includes concentration on integrating "normal" students with "exceptional" students in addition to the traditional classroom curriculm required by the state for high school students.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 76
- Accountability: 57
- Sustainability: 12
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 16th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Limited
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -47.8%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.11; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 19.3%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 5 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $496K in reported program spending
- Leadership: top reported pay $316K · 5 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed
- Consistency: 20 of 20 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Governance controls: 6 of 8 not reported.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.