Reid Traditional Schools' Valley Academy Inc

Nonprofit profile at a glance

EIN
860784125
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Phoenix, AZ, USA
Phone
6235167747
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12

Official website

Reported finances

Revenue
$7,031,725
Expenses
$6,984,932
Assets
$20,371,618
Liabilities
$15,479,946

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • HEIDI MITCHELL (CEO)
  • YOGIN PATEL (PRESIDENT)

Highest reported compensation

  • HEIDI MITCHELL (CEO): $178,269 total reported compensation
  • VICTORIA WILBER (PRINCIPAL): $109,303 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Founded in 1995, rts valley academy is one of Arizona's first charter schools. It has been nominated as a 2014 blue ribbon school, an award bestowed by the u.s. Department of education for continuous academic excellence. Past awards include the Arizona charter schools associations' (acsa) 2011 charter school of the year; acsa 2010 business leadership of the year; acsa 2008 charter school teacher of the year. The school has consistently earned the top possible rating from the Arizona department of education every year of its existence. The mission of reid traditional schools is to offer back-to-basics, traditional education by providing a challenging, sequential, teacher- directed, standards-based, textbook-driven curriculum supported by individual accountability and high academic and behavioral standards.

What it reported doing in 2024

Rts valley academy is one of the first charter schools established in Arizona. Through 29 years, the school has consistently earned the highest possible rating from the state each and every year. Rts valley academy was named a 2014 national blue ribbon school, an award bestowed by the u.s. Department of education for continuous academic excellence. Rts valley academy is also the Arizona 2011 charter school of the year. The Arizona charter schools association also bestowed awards to rts valley academy staff of 2010 business leadership of the year and 2008 charter school teacher of the year. We are proud of the accomplishments because they represent public recognition of our success in preparing children for college, career, and life.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.2%; rating input score 85
  • Program expense ratio: 87.4%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.7%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 2.92; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.76; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 1.6%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 24th percentile among comparable filings
  • Asset growth: 3.3% per year; rating input score 100; 26th percentile among comparable filings

Details

  • Where the money goes: 85.2% of revenue deployed · 87.4% of spending went to programs
  • Governance: 4 of 4 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6.1M in reported program spending
  • Leadership: top reported pay $178K · 6 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $165K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • 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.

  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.