SEACOAST CHARTER SCHOOL

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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

2004

Legal Domicile

Principal Officer

SHANNON KEYES

Phone

6038425764

Tax Period

2024-07-01 to 2025-06-30

SEACOAST CHARTER SCHOOL, founded in 2004, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.7M left a modest 8% surplus.

Mission

THE SEACOAST CHARTER SCHOOL IS A PUBLICLY FUNDED ELEMENTARY AND MIDDLE SCHOOL, UNIQUELY FOCUSED ON EXPERIENCING EDUCATION THROUGH THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $2,957,497 Revenue: $732,864

EDUCATIONAL SERVICES PROVIDED TO ELEMENTARY AND MIDDLE SCHOOL STUDENTS, UNIQUELY FOCUSED ON EXPERIENCING EDUCATION THROUGH THE ARTS.

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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 $3,156,659

Program Service Revenue $732,864

Investment Income $34,534

Other Revenue $70,578

TOTAL REVENUE $3,994,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,720,241

Fundraising Expenses $30,774

Program Expenses $2,957,497

Other Expenses $961,475

TOTAL EXPENSES $3,681,716

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,994,635	$3,652,571	+0.1%
Expenses	$3,681,716	$3,213,438	+0.1%
Net Income	$312,919	$439,133	-0.3%

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

$122,347

Total Directors

$373,837

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE OUTSEN	HEAD OF SCHO	40.00	Officer Director	$98,000	$24,347	$122,347
THERESA STATCHOW	BOARD MEMBER	40.00	Director	$96,423	$24,037	$120,460
MAEGAN ADAMS	BOARD MEMBER	40.00	Director	$52,313	$15,374	$67,687
DAVE HILBERT	BOARD MEMBER	40.00	Director	$48,682	$14,661	$63,343
KATHY GOODELL	BOARD MEMBER	5.00	Director	$0	$0	$0
SHANNON KEYES	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
DENNIS MCCANN	BOARD MEMBER	5.00	Director	$0	$0	$0
JASON PETRUNO	BOARD MEMBER	5.00	Director	$0	$0	$0
CHAD ROBERGE	TREASURER	5.00	Officer Director	$0	$0	$0
ALICIA SPATES	BOARD MEMBER	5.00	Director	$0	$0	$0
PETER SWEET	BOARD MEMBER	5.00	Director	$0	$0	$0
HEATHER WARD	BOARD MEMBER	5.00	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	$3,994,635	$3,681,716	$3,500,391	$312,919
2024	$3,652,571	$3,213,438	$3,196,590	$439,133
2023	$3,143,010	$2,963,045	$2,639,798	$179,965
2022	$2,906,987	$2,796,906	$2,503,351	$110,081
2021	$3,086,963	$2,597,723	$2,360,020	$489,240
2020	$2,746,491	$2,722,408	$2,427,096	$24,083
2019	$2,844,893	$2,652,557	$2,077,721	$192,336