CLEARWAY SCHOOL INC (EIN 042576523) - 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

1975

Legal Domicile

Principal Officer

NICK GRANT

Phone

6179646186

Tax Period

2024-07-01 to 2025-06-30

CLEARWAY SCHOOL INC, founded in 1975, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.9M left a modest 7% surplus.

Mission

TO PROVIDE SPECIALIZED INSTRUCTION TO STUDENTS WITH LEARNING DISABILITIES

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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 $45,262

Program Service Revenue $3,073,201

Investment Income $12,305

Other Revenue $10,512

TOTAL REVENUE $3,141,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,281,361

Fundraising Expenses $0

Program Expenses $2,726,692

Other Expenses $651,943

TOTAL EXPENSES $2,933,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,141,280	$2,838,254	+0.1%
Expenses	$2,933,304	$2,785,632	+0.1%
Net Income	$207,976	$52,622	+3.0%

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

$539,942

Total Directors

$127,323

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA HOLLOWAY	CO-DIRECTOR	39.50	Officer Director	$117,966	$9,357	$127,323
NICK GRANT	PRESIDENT	1.00	Officer Director	$0	$0	$0
COREY HEADY	TREASURER	1.00	Officer Director	$0	$0	$0
KACY CROWLEY	CLERK	1.00	Officer Director	$0	$0	$0
DOUG ADAMIAN	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA ADAMIAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC FINAMORE	DIRECTOR	1.00	Director	$0	$0	$0
ALISON MERRILL	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
JEAN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
BEN KAMIN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA LEDGER	DIRECTOR	1.00	Director	$0	$0	$0
PETER ROSEN	CO-DIRECTOR	39.50	Officer	$120,958	$11,028	$131,986
MARY RYAN	CO-DIRECTOR	39.50	Officer	$118,299	$21,609	$139,908
KERIN DOUGHERTY	CO-DIRECTOR	39.50	Officer	$118,680	$22,045	$140,725
LINDSAY SHELHORN	SPECIAL EDUCATION TEACHER	39.50	Highest	$101,596	$20,311	$121,907

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	$3,141,280	$2,933,304	$3,046,148	$207,976
2024	$2,838,254	$2,785,632	$3,057,975	$52,622
2023	$2,900,713	$2,830,812	$3,244,164	$69,901
2022	$2,765,903	$2,665,173	$1,774,112	$100,730
2021	$2,217,495	$2,113,907	$1,116,639	$103,588
2020	$2,093,032	$1,977,816	$1,021,506	$115,216
2019	$1,956,536	$1,900,489	$878,525	$56,047

CLEARWAY SCHOOL INC