DISCOVERY CHARTER SCHOOL

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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

1998

Legal Domicile

Principal Officer

ALBERT BARRE

Phone

9736230222

Tax Period

2024-07-01 to 2025-06-30

DISCOVERY CHARTER SCHOOL, founded in 1998, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE DISCOVERY CHARTER SCHOOL IS TO TEACH STUDENTS HOW TO COMMUNICATE POWERFULLY AND EFFECTIVELY, TO THINK CRITICALLY, AND TO FOSTER A WELL ROUNDED EDUCATION THAT TEACHES STUDENTS NOT ONLY TO SUCCEED ON EXAMINATIONS BUT IN THE LIFE AHEAD.

Program Service Accomplishments

Program 1

Expenses: $2,315,137 Revenue: $0

THE DISCOVERY CHARTER SCHOOL OPERATES A COMPREHENSIVE TEN-MONTH MIDDLE SCHOOL (SEPTEMBER-JUNE). STUDENTS ATTEND CLASSES FROM 8:45AM TO 4:15PM WHICH IS AN HOUR AND FORTY-FIVE MINUTES LONGER THAN MOST PUBLIC SCHOOLS. THE DISCOVERY CHARTER SCHOOL PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE FOR GRADE LEVELS 4 THRU 8. THESE SERVICES INCLUDE REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS INSTRUCTION. PARENTS ARE HEAVILY INVOLVED IN SCHOOL ACTIVITIES AND GOVERNANCE. THE CHARTER SCHOOL COMPLETED THE 2024-2025 SCHOOL YEAR WITH AN ENROLLMENT OF 100 STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,757,647

Program Service Revenue $0

Investment Income $0

Other Revenue $17,634

TOTAL REVENUE $2,775,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,796,520

Fundraising Expenses $0

Program Expenses $2,315,137

Other Expenses $1,026,214

TOTAL EXPENSES $2,822,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,775,281	$2,887,374	0.0%
Expenses	$2,822,734	$2,850,155	0.0%
Net Income	$-47,453	$37,219	-2.3%

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

$140,424

Total Directors

Key Employees

$101,422

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM PADLA	PRESIDENT	2.00	Officer Director	$0	$0	$0
RESA DRASIN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL CRUZ	TRUSTEE	2.00	Director	$0	$0	$0
TRACEY MCNAIR	TRUSTEE	2.00	Director	$0	$0	$0
CHIDI UGWU	TRUSTEE	2.00	Director	$0	$0	$0
SETH HILER	TRUSTEE	2.00	Director	$0	$0	$0
DENIS CRETINON	SCHOOL LEADER	40.00	Officer Key Emp Highest	$96,500	$4,922	$101,422
ALBERT BARRE	SCHOOL BUSINESS ADMINISTRATOR	20.00	Officer	$39,002	$0	$39,002

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	$2,775,281	$2,822,734	$1,083,385	$-47,453
2024	$2,887,374	$2,850,155	$1,032,359	$37,219
2023	$2,717,805	$2,575,287	$988,928	$142,518
2022	$2,493,596	$2,334,914	$852,688	$158,682
2021	$2,065,371	$1,990,231	$615,844	$75,140