APPLETREE EARLY LEARNING PUBLIC CHARTER SCHOOL (EIN 201302458) - 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

2004

Legal Domicile

Principal Officer

WILLIAM J MCCARTHY

Phone

2025261503

Tax Period

2022-07-01 to 2023-06-30

APPLETREE EARLY LEARNING PUBLIC CHARTER SCHOOL, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $14.9M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $14.2M left a modest 5% surplus.

Mission

THE APPLETREE EARLY LEARNING PUBLIC CHARTER SCHOOL WAS INCORPORATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE MISSION OF THE CHARTER SCHOOL IS TO CLOSE THE ACHIEVEMENT GAP BEFORE CHILDREN GET TO KINDERGARTEN BY PROVIDING THREE AND FOUR YEAR OLDS WITH THE SOCIAL, EMOTIONAL, AND COGNITIVE FOUNDATIONS THAT WILL ENABLE THEM TO SUCCEED IN SCHOOL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,462,972

Program Service Revenue $12,117,651

Investment Income $297,837

Other Revenue $0

TOTAL REVENUE $14,878,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,380,086

Fundraising Expenses $18,975

Program Expenses $12,569,660

Other Expenses $4,771,220

TOTAL EXPENSES $14,151,306

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,878,460	$13,691,916	+0.1%
Expenses	$14,151,306	$13,447,252	+0.1%
Net Income	$727,154	$244,664	+2.0%

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

191

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

$874,500

Total Directors

$298,966

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA YOUNG SHELTON	BOARD VICE C	2.00	Officer Director	$0	$0	$0
BRIDGET BRADLEY GRAY	TREASURER	2.00	Officer Director	$0	$0	$0
MATTHEW DOWNS	DIRECTOR	2.00	Director	$0	$0	$0
KAREN DAVENPORT	DIRECTOR	2.00	Director	$0	$0	$0
CELIA MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
SKYLE PEARSON	DIRECTOR	2.00	Director	$0	$0	$0
SARA GLENN	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER MCKINNEY	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN BAILLIE	DIRECTOR	2.00	Director	$0	$0	$0
DAWN SMITH	DIRECTOR	2.00	Director	$0	$0	$0
JOI ROBINS - OUTGOING	DIRECTOR	2.00	Director	$0	$0	$0
EMILY SYLAK-GLASSMAN - OUTGOING	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM J MCCARTHY	BOARD CHAIR	0.00	Officer Director	$0	$31,870	$298,966
JAMIE MILES	VICE PRESIDE	18.00	Officer	$87,265	$11,671	$210,760
THOMAS KEANE JR	SEC./INTERIM	7.00	Officer	$32,914	$28,546	$224,399
RITA CHAPIN - OUTGOING	ASSISTANT TR	2.00	Officer	$6,096	$18,363	$140,375
JOHN MOORE - DIRECTOR OF	HR AND TECHN	15.00	Highest	$50,423	$16,118	$156,972
AJA MILLS - DIRECTOR OF	SCHOOL LEADE	31.00	Highest	$102,308	$14,423	$144,602
SADE CREIGHTON-WADE - DIRECTOR OF	OPERATIONS	22.00	Highest	$64,958	$12,674	$131,843
KENYETTA SINGLETON - DIRECTOR OF	STUDENT SUPP	16.00	Highest	$44,091	$15,524	$133,097
REBECCA KIMPORT - DIRECTOR OF	PROFESSIONAL	15.00	Highest	$39,791	$15,169	$126,999

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$14,878,460	$14,151,306	$23,001,056	$727,154
2022	$13,691,916	$13,447,252	$18,608,315	$244,664
2021	$14,659,192	$12,043,112	$18,411,315	$2,616,080
2020	$14,739,625	$12,560,105	$16,528,060	$2,179,520
2019	$14,730,498	$14,171,026	$14,046,252	$559,472

APPLETREE EARLY LEARNING PUBLIC CHARTER SCHOOL