SIDE BY SIDE CHARTER SCHOOL INC (EIN 223208841) - 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

1992

Legal Domicile

Principal Officer

MATTHEW NITTOLY

Phone

2038570306

Tax Period

2022-07-01 to 2023-06-30

SIDE BY SIDE CHARTER SCHOOL INC, founded in 1992, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2022.

Mission

SIDE BY SIDE CHARTER SCHOOL, INC IS A CHARTER SCHOOL THAT WAS CREATED TO REDUCE RACIAL ISOLATION BY PROVIDING A MULTIRACIAL LEARNING ENVIRONMENT FOR URBAN AND SUBURBAN CHILDREN AND THEIR FAMILIES

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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 $402,672

Program Service Revenue $2,972,191

Investment Income $344

Other Revenue $7,596

TOTAL REVENUE $3,382,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,673,470

Fundraising Expenses $2,719

Program Expenses $2,963,265

Other Expenses $986,286

TOTAL EXPENSES $3,659,756

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,382,803	$3,315,556	+0.0%
Expenses	$3,659,756	$3,687,623	0.0%
Net Income	$-276,953	$-372,067	-0.3%

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

$234,492

Total Directors

$391,617

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE CECIO PALMER	FACULTY/TEACHER	40.00	Director	$63,670	$7,037	$70,707
AMANDA GORMLEY	FACULTY/TEACHER	40.00	Director	$59,064	$5,953	$65,017
SALLY DAVIDS	TEACHER/FOUNDER	40.00	Director	$97,551	$20,971	$118,522
LARRY CAFERO	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ADAM NORRIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DEB WHALEN	SECRETARY	1.00	Officer Director	$0	$0	$0
NELL CONROY	FACULTY/TEACHER	40.00	Director	$92,348	$45,023	$137,371
CHARA ASKEW-OLIVER	COMMUNITY	1.00	Director	$0	$0	$0
KIMBERLY GRIMM	PAERNT	1.00	Director	$0	$0	$0
BRITNEE HENDERSON	PARENT	1.00	Director	$0	$0	$0
TODD PARKIN	PARENT	1.00	Director	$0	$0	$0
MATT NITTOLY	EXECUTIVE DIRECTOR	40.00	Officer	$193,348	$41,144	$234,492
MARY NEWBERY	ASSISTANT DIRECTOR	40.00	Highest	$140,522	$35,867	$176,389

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	$3,382,803	$3,659,756	$6,102,614	$-276,953
2022	$3,315,556	$3,687,623	$5,166,375	$-372,067
2021	$3,036,601	$3,343,555	$5,501,040	$-306,954
2020	$2,957,377	$3,211,492	$5,816,469	$-254,115
2019	$5,121,925	$3,226,020	$6,052,176	$1,895,905
2018	$4,974,941	$3,074,971	$5,536,306	$1,899,970

SIDE BY SIDE CHARTER SCHOOL INC