THE ACADEMY AT CHARLEMONT INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $3,017,885 Revenue: $2,770,082

THE ACADEMY IS A PUBLIC-SPIRITED INDEPENDENT SCHOOL THAT COMBINES THE BEST OF THE CLASSICAL ACADEMIC TRADITION WITH A VISIBLE COMMITMENT TO BUILDING AND SUSTAINING COMMUNITY. WE BELIEVE THAT THE...

THE ACADEMY IS A PUBLIC-SPIRITED INDEPENDENT SCHOOL THAT COMBINES THE BEST OF THE CLASSICAL ACADEMIC TRADITION WITH A VISIBLE COMMITMENT TO BUILDING AND SUSTAINING COMMUNITY. WE BELIEVE THAT THE ACADEMIC, LIBERAL ARTS TRADITION IS A CHALLENGING, INTELLECTUALLY STIMULATING GROUND ON WHICH YOUNG PEOPLE CAN BOTH LEARN TO USE THEIR MINDS WELL, AND FURNISH THOSE MINDS WITH THE KIND OF BROAD, BASIC KNOWLEDGE NEEDED TO SUCCEED IN COLLEGE AND AS CITIZENS OF THE WORLD. WE BELIEVE IN EMPHASIZING CONNECTIONS AMOUNG THE ACADEMIC DISCIPLINES BECAUSE REAL WORLD CHALLENGES REQUIRE CITIZENS TO THINK BEYOND THE DISCRETE BOUNDARIES OF ACADEMIC DISCIPLINES, AND TO LOOK AT THINGS FROM MANY DIFFERENT ANGLES. WE BELIEVE THAT A SCHOOL COMMUNITY BASED ON THE VALUES OF SELF-RELIANCE, INDUSTRY, INTEGRITY, AND COMPASSION ENCOURGAGES THE DEVELOPMENT OF INTELLECTUAL AND SOCIAL STANDARDS THAT REFLECT THOSE VALUES. WE BELIEVE THAT AFFIRMING THE UNIQUENESS OF EACH INDIVIDUAL AND AT THE SAME TIME INSISTING THAT THE INDIVIDUALS SUBSCRIBE TO A SET OF COMMONLY HELD STANDARDS: CIVILITY, RESPECT, CONCERN FOR OTHERS, PRODUCES A HEALTHY TENSION THAT HELPS STUDENTS LEARN, GROW, AND BECOME PRODUCTIVE CITIZENS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

$270,771

Key Employees

Highest Compensated

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