THE HIGHLANDER CHARTER SCHOOL (EIN 050517389) - 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

2002

Legal Domicile

Principal Officer

SIMONA SIMPSON-THOMAS

Phone

4012473588

Tax Period

2024-07-01 to 2025-06-30

THE HIGHLANDER CHARTER SCHOOL, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $15.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $14.8M left a modest 5% surplus.

Mission

OPERATION OF A CHARTER SCHOOL IN RHODE ISLAND

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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 $159,702

Program Service Revenue $15,376,764

Investment Income $-75,910

Other Revenue $63,131

TOTAL REVENUE $15,523,687

Expense Breakdown

Grants Paid $365,691

Salaries & Benefits $9,052,214

Fundraising Expenses $104,069

Program Expenses $13,689,933

Other Expenses $5,337,472

TOTAL EXPENSES $14,755,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,523,687	$13,948,369	+0.1%
Expenses	$14,755,377	$14,989,384	0.0%
Net Income	$768,310	$-1,041,015	-1.7%

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

188

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

$317,804

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN HAYES	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDA COHEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN LOMBARDO	TREASURER	1.00	Officer Director	$0	$0	$0
ROSEMARY MEADE	SECRETARY	1.00	Officer Director	$0	$0	$0
STACY PATERNO	DIRECTOR	1.00	Director	$0	$0	$0
NERISE BECKFORD-JOLY	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MACK	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET KNOWLTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KELLY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
SIMONA SIMPSON-THOMAS	SUPERINTENDENT	1.00	Officer	$136,057	$43,483	$179,540
FRANK PICCIOTTI	DIRECTOR OF HUMAN RESOURCE	35.00	Officer	$120,868	$17,396	$138,264
JESSICA BLANCO	DIRECTOR OF TEACHING & LEA	35.00	Highest	$141,080	$22,034	$163,114
DEBRA ZOLKOS	HS RESOURCE TEACHER	35.00	Highest	$102,758	$34,519	$137,277
JANE ROSEBERRY	ELEMENTARY SCHOOL PRINCIPA	35.00	Highest	$131,134	$29,621	$160,755
WILLIAM PABST	MS/HS PRINCIPAL	35.00	Highest	$126,081	$26,556	$152,637
ANGELA GOULART	MS/HS ASST PRINCIPAL	35.00	Highest	$123,119	$18,605	$141,724

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	$15,523,687	$14,755,377	$12,468,357	$768,310
2024	$13,948,369	$14,989,384	$11,989,867	$-1,041,015
2023	$13,647,068	$14,492,879	$13,558,951	$-845,811
2022	$14,745,189	$12,728,727	$14,624,382	$2,016,462
2021	$11,445,986	$10,572,128	$14,410,195	$873,858
2020	$10,462,683	$10,218,848	$13,736,720	$243,835
2019	$10,385,756	$10,071,429	$12,362,193	$314,327

THE HIGHLANDER CHARTER SCHOOL