CHARLESTON DEVELOPMENT ACADEMY (EIN 020679580) - 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

2003

Legal Domicile

Principal Officer

DR SHAWN JOHNSON

Phone

8437222689

Tax Period

2024-07-01 to 2025-06-30

CHARLESTON DEVELOPMENT ACADEMY, founded in 2003, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024.

Mission

TO PROVIDE EDUCATION TO SCHOOL AGE CHILDREN FROM KINDERGARTEN THROUGH EIGHTH GRADE.

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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 $2,697,337

Program Service Revenue $10,890

Investment Income $7,748

Other Revenue $0

TOTAL REVENUE $2,715,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,094,374

Fundraising Expenses $0

Program Expenses $2,035,540

Other Expenses $691,594

TOTAL EXPENSES $2,785,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,715,975	$2,609,677	+0.0%
Expenses	$2,785,968	$2,761,113	+0.0%
Net Income	$-69,993	$-151,436	-0.5%

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

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

$148,608

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MILLER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TANESHA MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MINNIE PARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM SWINTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CECELIA ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
KURT WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANJANETTA GOODWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CRYSTAL ROUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
PLESHETTE GRANT	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARICE LEMON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN JOHNSON PHD	SCHOOL DIRECTOR	40.00	Officer	$138,571	$10,037	$148,608

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	$2,715,975	$2,785,968	$1,515,496	$-69,993
2024	$2,609,677	$2,761,113	$1,490,610	$-151,436
2023	$2,691,481	$2,446,092	$1,881,427	$245,389
2022	$2,251,925	$2,239,056	$1,171,872	$12,869
2021	$2,301,262	$1,999,250	$1,208,138	$302,012
2020	$1,999,940	$2,078,373	$1,113,497	$-78,433
2019	$1,985,994	$1,965,437	$1,042,785	$20,557

CHARLESTON DEVELOPMENT ACADEMY