TAPESTRY CHARTER SCHOOL (EIN 161604750) - 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

2001

Legal Domicile

Principal Officer

KARRIE HAYES

Phone

7162045883

Tax Period

2024-07-01 to 2025-06-30

TAPESTRY CHARTER SCHOOL, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $21.0M in total revenue in fiscal year 2024.

Mission

OPERATE A K-12 CHARTER SCHOOL TO EDUCATE AND INSPIRE A DIVERSE COMMUNITY OF LEARNERS.

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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 $2,281,808

Program Service Revenue $17,954,149

Investment Income $467,115

Other Revenue $313,183

TOTAL REVENUE $21,016,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,480,521

Fundraising Expenses $56,523

Program Expenses $17,491,365

Other Expenses $6,824,046

TOTAL EXPENSES $21,304,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,016,255	$19,924,730	+0.1%
Expenses	$21,304,567	$20,291,773	+0.0%
Net Income	$-288,312	$-367,043	-0.2%

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

316

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

$207,228

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFRED J WRIGHT	CHAIR	1.00	Officer Director	$0	$0	$0
LUANNE FIRESTONE	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL PYNE	TREASURER	1.00	Officer Director	$0	$0	$0
SAMANTHA GAERTE	SECRETARY	1.00	Officer Director	$0	$0	$0
LYNN SEAGREN BASS	TRUSTEE	1.00	Director	$0	$0	$0
BETSY BEHREND	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY HAZELTON	TRUSTEE	1.00	Director	$0	$0	$0
TAYLOR HUNTER	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
DR HILARY LOCHTE	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL ROBERTSON	TRUSTEE	1.00	Director	$0	$0	$0
ERIC KLAPPER	EXECUTIVE DIRECTOR THRU 12/24	40.00	Officer	$172,251	$34,977	$207,228
JENNIFER PANGBORN	CHIEF ACADEMIC OFFICER	40.00	Highest	$129,363	$32,007	$161,370
DR KARRIE HAYES	CHIEF OPERATING OFFICER	40.00	Highest	$123,286	$31,413	$154,699
SARA HILLIGAS	HIGH SCHOOL PRINCIPAL	40.00	Highest	$114,226	$30,500	$144,726
LINDSEY LEE	MS PRNCIPAL	40.00	Highest	$116,680	$11,597	$128,277
MELISA RIVERA	ELEMENTARY PRINCIPAL	40.00	Highest	$104,494	$28,545	$133,039

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	$21,016,255	$21,304,567	$41,468,485	$-288,312
2024	No data	No data	No data	No data
2023	$20,234,964	$19,026,508	$42,838,414	$1,208,456
2022	$19,036,142	$18,966,897	$42,673,326	$69,245
2021	$19,662,549	$15,586,009	$42,016,725	$4,076,540
2020	$15,180,371	$15,560,382	$40,037,836	$-380,011
2019	$14,786,274	$15,136,355	$39,105,014	$-350,081
2018	$13,408,473	$13,146,754	$39,257,634	$261,719

TAPESTRY CHARTER SCHOOL