Corlears School (EIN 135653140) - 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

1970

Legal Domicile

Phone

2127412800

Tax Period

2024-07-01 to 2025-06-30

Corlears School, founded in 1970, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $8.9M exceeded revenue, resulting in a 42% operating deficit.

Mission

TO OPERATE A NON-PROFIT PRIVATE SCHOOL FOR STUDENTS AGED 2-10.

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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 $1,224,202

Program Service Revenue $4,932,878

Investment Income $1

Other Revenue $86,038

TOTAL REVENUE $6,243,119

Expense Breakdown

Grants Paid $2,394,093

Salaries & Benefits $4,935,142

Fundraising Expenses $203,729

Program Expenses $6,464,437

Other Expenses $1,555,498

TOTAL EXPENSES $8,884,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,243,119	$7,093,300	-0.1%
Expenses	$8,884,733	$9,755,394	-0.1%
Net Income	$-2,641,614	$-2,662,094	0.0%

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

$480,047

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON WEBER	CHAIR	2.0	Officer Director	$0	$0	$0
DEEPTI SHENOY	CO-SECRETARY	2.0	Officer Director	$0	$0	$0
JOEL STEINHAUS	CO-VICE CHAIR	2.0	Officer Director	$0	$0	$0
CHRISTOPHER GRIMALDI	TRUSTEE	2.0	Director	$0	$0	$0
DARSHA KING	TRUSTEE	2.0	Director	$0	$0	$0
ELENA SELF	TRUSTEE	2.0	Director	$0	$0	$0
JEFFREY WHYTE	TRUSTEE	2.0	Director	$0	$0	$0
MAHESH SAIREDDY	TRUSTEE	2.0	Director	$0	$0	$0
RENEE NICHOLSON	TRUSTEE	2.0	Director	$0	$0	$0
SARAH WATSON	TRUSTEE	2.0	Director	$0	$0	$0
SAVITA BHARADWA	TRUSTEE	2.0	Director	$0	$0	$0
DAVID EGOLF	HEAD OF SCHOOL	40.0	Officer	$326,366	$40,681	$367,047
EUNICE ARMSTRONG	CFO	40.0	Officer	$113,000	$0	$113,000
AMANDA STEINER	Director of Marketing	40.0	Highest	$143,196	$21,003	$164,199
Brenda Daniels	Elementary Divison Director	40.0	Highest	$127,207	$20,043	$147,250
COLLEEN GODDARD	Early Childhood Divison Director	40.0	Highest	$137,585	$20,666	$158,251

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	$6,243,119	$8,884,733	$11,006,034	$-2,641,614
2024	No data	No data	No data	No data
2023	$7,141,966	$8,490,520	$11,867,666	$-1,348,554
2022	$6,153,241	$8,626,853	$10,609,955	$-2,473,612
2021	$8,454,050	$8,232,739	$11,947,470	$221,311
2020	$7,868,008	$7,864,420	$13,299,928	$3,588
2019	$7,734,349	$7,734,617	$12,936,980	$-268
2018	$7,707,058	$7,354,646	$13,252,194	$352,412

Corlears School