CHARTER SCHOOL INCUBATOR INITIATIVE (EIN 205116150) - 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

ORNELLA NAPOLITANO

Phone

2022515210

Tax Period

2023-07-01 to 2024-06-30

CHARTER SCHOOL INCUBATOR INITIATIVE, founded in 2005, is a micro nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 114% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE START-UP CHARTER SCHOOLS IN THE DISTRICT OF COLUMBIA WITH TEMPORARY, "INCUBATOR" FACILITIES.

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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 $0

Program Service Revenue $2,889,272

Investment Income $-5,296,638

Other Revenue $982,055

TOTAL REVENUE $-1,425,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,880

Fundraising Expenses $0

Program Expenses $3,415,826

Other Expenses $3,550,979

TOTAL EXPENSES $3,746,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-1,425,311	$10,504,064	-1.1%
Expenses	$3,746,859	$5,954,955	-0.4%
Net Income	$-5,172,170	$4,549,109	-2.1%

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

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

$180,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ORNELLA NAPOLITANO	TREASURER & CFO	40.00	Officer	$144,200	$36,089	$180,289
JOE BRUNO	EXECUTIVE DIRECTOR AS OF 7/2023	2.00	Officer	$0	$0	$0
MARIANNE KELER	CHAIR & SECRETARY	0.25	Officer Director	$0	$0	$0
ALBERT D'ALESSANDRO	BOARD MEMBER	0.25	Director	$0	$0	$0
JAMES MCANDREWS	BOARD MEMBER	0.25	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
2024	$-1,425,311	$3,746,859	$12,970,478	$-5,172,170
2023	$10,504,064	$5,954,955	$22,749,448	$4,549,109
2022	$8,281,364	$8,301,423	$37,834,831	$-20,059
2021	$10,267,968	$9,762,476	$39,015,779	$505,492
2020	$-1,252,965	$92,220	$48,976,441	$-1,345,185

CHARTER SCHOOL INCUBATOR INITIATIVE