NEW FOUNDATIONS CHARTER SCHOOL (EIN 233040993) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

CHRISTOPHER ZAGACKI

Phone

2156248100

Tax Period

2024-07-01 to 2025-06-30

NEW FOUNDATIONS CHARTER SCHOOL, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $33.6M in total revenue in fiscal year 2024.

Mission

THE MISSION IS TO PROVIDE STUDENTS WITH THE ACADEMIC, SOCIAL AND EMOTIONAL FOUNDATIONS AND SKILLS NECESSARY TO BECOME HIGH ACHIEVING, SOCIALLY COMPETENT STEWARDS OF THEIR COMMUNITIES. THE FOUNDERS OF THE NEW FOUNDATIONS CHARTER SCHOOL WILL ENSURE A COMMITMENT TO LIFELONG LEARNING AND ACHIEVEMENT OF ALL OUR STUDENTS BY CREATING AN ATMOSPHERE OF CARING THAT PERVADES EVERY ASPECT OF SCHOOL LIFE, AND PROMOTES ATTACHMENT TO AND RESPONSIBILITY FOR ALL MEMBERS OF OUR SCHOOL COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,934,345

Program Service Revenue $28,199,059

Investment Income $214,367

Other Revenue $205,900

TOTAL REVENUE $33,553,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,433,379

Fundraising Expenses $0

Program Expenses $23,002,641

Other Expenses $11,400,120

TOTAL EXPENSES $33,833,499

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,553,671	$32,045,649	+0.0%
Expenses	$33,833,499	$31,647,315	+0.1%
Net Income	$-279,828	$398,334	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

259

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

$232,837

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LAMBIE	PRESIDENT	2.00	Officer Director	$0	$0	$0
KISHA THOMPSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KAREN BOWMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
THOMAS SHIRLEY	TREASURER	2.00	Officer Director	$0	$0	$0
MAX MATTHEWS	MEMBER	2.00	Director	$0	$0	$0
LIZETTE OLMEDA	MEMBER	2.00	Director	$0	$0	$0
SHERYL PERZEL	MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER ZAGACKI	CEO	40.00	Officer	$206,124	$26,713	$232,837
FRANCES DALY	PRINCIPAL	40.00	Highest	$150,962	$0	$150,962
SARNETTA SUMNER	VICE PRINCIPAL	40.00	Highest	$123,497	$26,713	$150,210
KEVIN OUELLETTE	DATA SPECIALIST	40.00	Highest	$125,897	$16,655	$142,552
RACHEL SANDHAUS	TEACHER	40.00	Highest	$117,270	$26,713	$143,983
ERIN HERSCHBERGER	PRINCIPAL	40.00	Highest	$132,692	$0	$132,692

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	$33,553,671	$33,833,499	$37,933,065	$-279,828
2024	$32,045,649	$31,647,315	$39,956,647	$398,334
2023	$28,862,542	$28,325,537	$40,604,482	$537,005
2022	$26,169,943	$22,798,538	$41,603,312	$3,371,405
2021	$23,202,828	$19,959,301	$17,967,778	$3,243,527
2020	$21,727,743	$18,808,338	$14,838,621	$2,919,405
2019	$20,054,787	$18,784,065	$12,849,797	$1,270,722
2018	$18,851,172	$19,097,891	$13,138,023	$-246,719

NEW FOUNDATIONS CHARTER SCHOOL