Reach School Inc (EIN 010427540) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Phone

2074697147

Tax Period

2024-07-01 to 2025-06-30

Reach School Inc is a 501(c)(3) with EIN 010427540, based in Bucksport, ME. The organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $204,718 in total revenue and $241,879 in total expenses, with net assets of $224,363.

Mission

The Reach School is a private non-profit alternative middle/senior high school designed to meet the needs of those students who cannot or will not find success in the traditional school organization.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $202,135

Investment Income $2,583

Other Revenue $0

TOTAL REVENUE $204,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,294

Fundraising Expenses $0

Program Expenses $217,691

Other Expenses $80,585

TOTAL EXPENSES $241,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,718	$246,906	-0.2%
Expenses	$241,879	$249,856	0.0%
Net Income	$-37,161	$-2,950	+11.6%

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

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	Role	Reportable Comp	Other Comp	Total
Holly Rae Cough	Secretary	Director	$0	$0	$0
Autumn Khavari	Director	Director	$0	$0	$0
Karen Page	Director	Director	$0	$0	$0
Jane Haney	Director	Director	$0	$0	$0
Willy Mercier	Treasurer	Officer	$0	$0	$0
Robert Thomas	President	Officer	$0	$0	$0
Seth Laplant	Vice President	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	$204,718	$241,879	$228,758	$-37,161
2024	$246,906	$249,856	$259,988	$-2,950
2023	$217,955	$203,564	$257,567	$14,391
2022	$192,987	$184,499	$245,152	$8,488
2021	$175,384	$171,956	$245,287	$3,428
2020	$192,111	$186,587	$223,345	$5,524
2019	$205,843	$180,420	$217,081	$25,423

Reach School Inc