WESTMINSTER COMMUNITY CHARTER SCHOOL

EIN: 201405355 501(c)(3) Education

BUFFALO, NY

Total Revenue
$6,801,589
Total Expenses
$9,033,925
Total Assets
$12,306,854
Net Assets
$5,991,426
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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
NY
Principal Officer
PAMELA HOKANSON
Phone
7168485634
Tax Period
2024-07-01 to 2025-06-30

WESTMINSTER COMMUNITY CHARTER SCHOOL, founded in 2004, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $9.0M exceeded revenue, resulting in a 33% operating deficit.

Mission

PROVIDE STUDENTS WITH RIGOROUS AND HOLISTIC INSTRUCTION IN A SAFE AND CARING ENVIRONMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,001,199
Program Service Revenue $5,398,985
Investment Income $375,834
Other Revenue $25,571
TOTAL REVENUE $6,801,589

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,603,572
Fundraising Expenses $0
Program Expenses $7,888,468
Other Expenses $2,430,353
TOTAL EXPENSES $9,033,925

Year-over-Year Comparison

2024 2023 Change
Revenue $6,801,589 $8,732,089 -0.2%
Expenses $9,033,925 $9,214,887 0.0%
Net Income $-2,232,336 $-482,798 +3.6%
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

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Governance

Voting Members
6
Independent Members
5
Employees
89
Volunteers
55

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
2
$0
Total Directors
7
$66,122
Key Employees
1
$206,246
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR RAQUEL REZARA SCHMIDT CHAIRPERSON 2.00
Officer Director
$0 $0 $0
ELIZABETH CZARNECKI VICE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
TERENDA BROWN TRUSTEE 33.75
Director
$38,948 $27,174 $66,122
MELISSA LEOPARD TRUSTEE 1.00
Director
$0 $0 $0
JAMES C OBLETZ THRU 32025 TRUSTEE 1.00
Director
$0 $0 $0
ROSALYN TAYLOR TRUSTEE 1.00
Director
$0 $0 $0
SHALA WRIGHT BEGAN 32025 TRUSTEE 1.00
Director
$0 $0 $0
TERESA GERCHMAN PRINCIPAL 33.75
Key Emp
$166,350 $39,896 $206,246
MARIA MAKOWSKI ASSISTANT PRINCIPAL 33.75
Highest
$113,566 $19,673 $133,239
COREY WILSON ASSISTANT PRINCIPAL 33.75
Highest
$107,359 $18,985 $126,344
ERIKA HIDALGO TEACHER 33.75
Highest
$112,902 $22,388 $135,290
COLLEEN PUMA TEACHER 33.75
Highest
$111,344 $33,818 $145,162
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 $6,801,589 $9,033,925 $12,306,854 $-2,232,336
2024 No data No data No data No data
2023 $7,929,351 $10,156,352 $13,557,463 $-2,227,001
2022 $8,088,662 $9,478,204 $14,670,201 $-1,389,542
2021 $9,706,780 $8,834,543 $16,611,516 $872,237
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