FRENCH AND MONTESSORI EDUCATION INC DBA AUDUBON CHARTER SCHOOL (EIN 203694026) - 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

2005

Legal Domicile

Principal Officer

STEVEN CORBETT

Phone

5043247103

Tax Period

2023-07-01 to 2024-06-30

FRENCH AND MONTESSORI EDUCATION INC DBA AUDUBON CHARTER SCHOOL, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $22.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $20.0M left a modest 9% surplus.

Mission

SCHOOL PROVIDING MONTESSORI AND FRENCH EDUCATION FOR STUDENTS IN GRADES KINDERGARTEN THROUGH 8TH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $21,601,248

Program Service Revenue $391,419

Investment Income $35,924

Other Revenue $5,926

TOTAL REVENUE $22,034,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,412,782

Fundraising Expenses $0

Program Expenses $16,887,269

Other Expenses $6,632,496

TOTAL EXPENSES $20,045,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,034,517	$19,322,069	+0.1%
Expenses	$20,045,278	$17,180,193	+0.2%
Net Income	$1,989,239	$2,141,876	-0.1%

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

261

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

$211,374

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN LEVINE	MEMBER	1.00	Director	$0	$0	$0
DARLEEN MIPRO	SECRETARY	1.00	Officer Director	$0	$0	$0
HAROLD LEBLANC	TREASURER	1.00	Officer Director	$0	$0	$0
RODOLPHE SAMBOU	MEMBER (EX-OFFICIO)	1.00	Director	$0	$0	$0
KEVIN WILKINS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
LOURDES MORAN	CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL NEWCOMER	PARENT REPRESENTATIVE	1.00	Director	$0	$0	$0
NICHOLAS PEDDLE	PARENT REPRESENTATIVE	1.00	Director	$0	$0	$0
CHAN TUCKER	PARENT REPRESENTATIVE	1.00	Director	$0	$0	$0
CLAIR LEBAS	MEMBER	1.00	Director	$0	$0	$0
DR STEVEN CORBETT	CEO	50.00	Officer	$166,460	$44,914	$211,374
ADRIENNE COLLOPY	COS	50.00	Highest	$103,903	$28,175	$132,078

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	$22,034,517	$20,045,278	$11,628,126	$1,989,239
2023	$19,322,069	$17,180,193	$9,439,459	$2,141,876
2022	$14,289,007	$15,186,630	$8,031,230	$-897,623
2021	$13,354,447	$13,919,226	$8,632,060	$-564,779
2020	$14,876,035	$13,314,065	$8,782,311	$1,561,970
2019	$11,427,567	$13,342,485	$5,747,953	$-1,914,918
2018	$11,724,871	$10,813,287	$6,794,725	$911,584

FRENCH AND MONTESSORI EDUCATION INC DBA AUDUBON CHARTER SCHOOL