The Chad School Foundation Inc

EIN: 223145421 501(c)(3) Education

Newark, NJ

Total Revenue
$753,168
Total Expenses
$1,036,402
Total Assets
$6,479,867
Net Assets
$6,344,416
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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
1991
Legal Domicile
NJ
Principal Officer
Eric Stevenson
Phone
8453981181
Tax Period
2022-07-01 to 2023-06-30

The Chad School Foundation Inc, founded in 1991, is a small nonprofit in the Education sector that reported $753K in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 38% operating deficit.

Mission

To provide educational opportunites for students located in the greater Newark area by championing promising efforts to create high quality schools and expand college access.

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,873
Program Service Revenue $0
Investment Income $0
Other Revenue $744,295
TOTAL REVENUE $753,168

Expense Breakdown

Grants Paid $0
Salaries & Benefits $284,232
Fundraising Expenses $0
Program Expenses $1,036,402
Other Expenses $752,170
TOTAL EXPENSES $1,036,402

Year-over-Year Comparison

2022 2021 Change
Revenue $753,168 $690,387 +0.1%
Expenses $1,036,402 $866,093 +0.2%
Net Income $-283,234 $-175,706 +0.6%
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
8
Independent Members
7
Employees
6
Volunteers
N/A

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
0
$0
Total Directors
6
$209,280
Key Employees
1
$209,280
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steffie Bartley Trustee 1.00
Director
$0 $0 $0
Jason Grove Trustee 1.00
Director
$0 $0 $0
Shirley Smith Trustee 1.00
Director
$0 $0 $0
William Parrish Trustee 1.00
Director
$0 $0 $0
William William III Director 1.00
Director
$0 $0 $0
Eric Stevenson Trustee Executive Drector 40.00
Director Key Emp Highest
$209,280 $0 $209,280
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 No data No data No data No data
2023 $753,168 $1,036,402 $6,479,867 $-283,234
2021 $242,182 $807,135 $6,841,360 $-564,953
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