THE ACADEMY AT CHARLEMONT INC

EIN: 042724993 501(c)(3) Education

CHARLEMONT, MA

Total Revenue
$3,424,666
Total Expenses
$3,464,504
Total Assets
$2,850,143
Net Assets
$1,639,782
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MA
Principal Officer
BILL CORWIN
Phone
4133394912
Tax Period
2024-07-01 to 2025-06-30

THE ACADEMY AT CHARLEMONT INC, founded in 1981, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2024.

Mission

THE ACADEMY AT CHARLEMONT DELIVERS A RIGOUROUS EDUCATION AND FOSTERS JOYFUL ENGAGEMENT, ACTIVE CITIZENSHIP, AND THE DESIRE FOR JUSTICE IN EACH STUDENT. OUR COMMUNITY NURTURES CREATIVITY, INDEPENDENT THINKING, AND EMPATHY SO THAT OUR STUDENTS BECOME THEIR BEST SELVES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $561,700
Program Service Revenue $2,770,082
Investment Income $74,064
Other Revenue $18,820
TOTAL REVENUE $3,424,666

Expense Breakdown

Grants Paid $1,215,126
Salaries & Benefits $1,618,414
Fundraising Expenses $16,534
Program Expenses $3,017,885
Other Expenses $630,964
TOTAL EXPENSES $3,464,504

Year-over-Year Comparison

2024 2023 Change
Revenue $3,424,666 $3,218,271 +0.1%
Expenses $3,464,504 $3,254,685 +0.1%
Net Income $-39,838 $-36,414 +0.1%
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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Governance

Voting Members
18
Independent Members
15
Employees
54
Volunteers
15

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
3
$0
Total Directors
18
$270,771
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN SCHATZ ASSOCIATE HE 40.00
Director
$89,412 $894 $90,306
NEALE GAY ASSOCIATE HE 40.00
Director
$86,287 $3,988 $90,275
NORA BATES ZALE ASSOCIATE HE 40.00
Director
$77,852 $12,338 $90,190
BILL CORWIN CO-CHAIR & T 2.00
Officer Director
$0 $0 $0
BART DOTY TRUSTEE 0.50
Director
$0 $0 $0
TUPSHIN HARPER TRUSTEE 0.50
Director
$0 $0 $0
BETH HONEYMAN TRUSTEE 0.50
Director
$0 $0 $0
DAVID HOWE TRUSTEE 0.50
Director
$0 $0 $0
SHELLEY BORROR JACKSON CO-CHAIR 2.00
Officer Director
$0 $0 $0
CARLA LAGRASSA CLERK/TRUSTE 0.50
Director
$0 $0 $0
RAIA LEBREUX STUDENT REPR 0.50
Director
$0 $0 $0
WILL PAULDING TRUSTEE 0.50
Director
$0 $0 $0
JULIAN POST TRUSTEE 0.50
Director
$0 $0 $0
CORNELIA REID TRUSTEE 0.50
Director
$0 $0 $0
RYAN SCHIFF TRUSTEE 0.50
Director
$0 $0 $0
LAUREN SCHMIDT TRUSTEE/FACU 0.50
Director
$0 $0 $0
ELIZABETH SLOWINSKI VICE CHAIR 1.00
Officer Director
$0 $0 $0
PETER STEVENS TRUSTEE 0.50
Director
$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 $3,424,666 $3,464,504 $2,850,143 $-39,838
2024 No data No data No data No data
2023 $3,240,405 $3,207,299 $2,929,199 $33,106
2022 $2,896,209 $2,692,748 $2,723,185 $203,461
2021 $2,345,015 $2,339,818 $2,734,310 $5,197
2020 $2,193,052 $2,120,957 $2,642,035 $72,095
2019 $2,497,021 $2,595,233 $2,399,263 $-98,212
2018 $2,515,662 $2,827,794 $2,675,664 $-312,132
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