Thomas MacLaren State Charter School (EIN 260505334) - 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

2007

Legal Domicile

Principal Officer

Mary Faith Hall

Phone

7193134488

Tax Period

2023-07-01 to 2024-06-30

Thomas MacLaren State Charter School, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $13.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

To provide quality education to grades K-12 through 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 (2023)

Revenue Breakdown

Contributions & Grants $2,679,881

Program Service Revenue $10,178,836

Investment Income $189,733

Other Revenue $57,600

TOTAL REVENUE $13,106,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,954,348

Fundraising Expenses $0

Program Expenses $11,383,971

Other Expenses $3,289,268

TOTAL EXPENSES $13,243,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,106,050	$11,621,678	+0.1%
Expenses	$13,243,616	$12,419,558	+0.1%
Net Income	$-137,566	$-797,880	-0.8%

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

233

Volunteers

187

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

$139,271

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Meredith Wardwell Sherman	Board Chair	1.00	Officer Director	$0	$0	$0
Katherine Brophy	Member	1.00	Director	$0	$0	$0
Purvi Sittner	Board Treasurer	1.00	Officer Director	$0	$0	$0
Dan Cooper	Member	1.00	Director	$0	$0	$0
Dawn Conley	Member	1.00	Director	$0	$0	$0
Khristine Prickett Vadala	Board Secretary	1.00	Officer Director	$0	$0	$0
Carol Neel	Board Vice-Chair	1.00	Officer Director	$0	$0	$0
Marvin Lee	Member	1.00	Director	$0	$0	$0
Mary Faith Hall	Executive Director	40.00	Officer	$114,725	$24,546	$139,271

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	$13,106,050	$13,243,616	$11,776,360	$-137,566
2023	$11,621,678	$12,419,558	$9,044,076	$-797,880
2022	$9,597,370	$7,973,351	$9,003,586	$1,624,019
2021	$9,927,548	$8,219,969	$11,238,962	$1,707,579
2020	$8,507,961	$9,314,349	$25,341,653	$-806,388
2019	$7,875,342	$8,513,168	$21,452,479	$-637,826

Thomas MacLaren State Charter School