Following are definitions for the 12 indicators used in the School Performance
Dashboard. Also available, in a downloadable pdf, is a document containing the
indicator definitions, indicator compositions and data sources.
The Reserves Ratios Index is the ratio of reserve fund balances to total expenditures. This measure of charter school financial stability counts available funds to cover unexpected costs or to compensate if future revenues are less than expected.
The Liquidity Ratios Index, which measures assets to liabilities, is a measure of a charter school's financial health. It indicates a school's ability to meet its liabilities as covered by its assets. A school with a high liquidity ratio is better able to raise additional capital, either through selling off or borrowing against its assets.
The Direct Classroom Investment Index is the ratio of classroom investment to total revenues. Classroom investments include such expenditures as teacher salaries and benefits, textbooks, and curriculum.
The English Learner Reclassification Index represents the frequency with which a school transitions students from English Learner (EL) to fluent-English-proficient (FEP).
A school’s API Similar Schools Rank compares its API to the APIs of 100 other schools of the same type that have similar opportunities and challenges.
Adequate Yearly Progress (AYP) Index rankings include whether schools met AYP goals in math and English/language arts and the percentage of students rated as proficient or above in these subject areas.
The Academic Momentum Index measures changes in a school's student achievement over time. To do this, it combines three measures of academic progress: annual change in the percentage of students proficient in math; annual change in the percentage of students proficient in English/language arts; and annual API growth.
The English/Language Arts Productivity Index measures academic achievement on standardized tests of English/language arts as compared to non-charter schools within the same district and districts with similar per-pupil spending.
The Math Productivity Index measures how well a charter school performs on math standardized tests compared to non-charter schools within the same district and districts with similar per-pupil spending.
The Curriculum Rigor Index ranks high schools on the extent to which students in the school take higher–level math and science courses, in schools that offer grades 10 and 11.
The High School Graduate Rate measures the percentage of ninth graders in 2009 who successfully graduated from high school in 2012 or earlier, in schools that offer grades 9 through 12 (students are tracked across the four years).
The College-Readiness Rate is the proportion of students who score basic or above on state tests in English/Language Arts (11th grade) and higher-level math and science courses, in schools that offer grades 10 and 11.