Rochester Academy 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

2008

Legal Domicile

Principal Officer

Dr William Middleton

Phone

5852350135

Tax Period

2024-07-01 to 2025-06-30

Rochester Academy Charter School, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $13.8M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

The mission of the Rochester Academy Charter School (RACS) is to provide students with rigorous, challenging academics through hands-on, meaningful learning opportunities that will provide students with the skills necessary to be successful academically, socially, and emotionally.

Program Service Accomplishments

Program 1

Expenses: $10,820,693 Revenue: $11,497,624

REGULAR EDUCATION: The School curriculum is focused on mathematics and sciences. The School also integrates multi-cultural themes into the curriculum through not only geography and foreign languages but through each subject area. All courses align with the New York State Learning Standards.In addition the school generated $931,387 in government contributions included on form 990, Page 9, Part VIII, line 1e.

Program 2

Expenses: $1,116,951 Revenue: $798,377

SPECIAL EDUCATION: The School is open to all children and does not discriminate on the basis of ethnicity, national origin, gender, disability, or any other grounds that would be unlawful or deny the civil rights of any individual. In accordance with the Individuals with Disabilities Education Act, the Rehabilitation Act, and Section 504, and the Americans with Disabilities Act, the School provides a free and appropriate education, in the least restrictive environment to students with disabilities. The primary service delivery for students with special needs is inclusion.In addition the school generated $108,981 in government contributions included on form 990, Page 9, Part VIII, line 1e.

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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 $1,214,565

Program Service Revenue $12,278,367

Investment Income $293,466

Other Revenue $17,634

TOTAL REVENUE $13,804,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,258,128

Fundraising Expenses $0

Program Expenses $11,937,644

Other Expenses $3,557,014

TOTAL EXPENSES $13,815,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,804,032	$16,308,474	-0.2%
Expenses	$13,815,142	$13,426,820	+0.0%
Net Income	$-11,110	$2,881,654	-1.0%

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

212

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

$318,210

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr William Middleton	President	1.30	Officer Director	$0	$0	$0
Joann Santos	Vice Chair	1.00	Officer Director	$0	$0	$0
D Jean Calder	Member	1.00	Director	$0	$0	$0
Cheryl Sampson	Member	1.00	Director	$0	$0	$0
Saliha Al	Member	1.00	Director	$0	$0	$0
Gerald Tillery	Member	1.00	Director	$0	$0	$0
Thalia Wright	Member	1.00	Director	$0	$0	$0
Mehmet Demirtas	Director/CEO	40.00	Officer	$128,954	$39,412	$168,366
Demir Ozcan	Business Administrator	40.00	Officer	$112,106	$37,738	$149,844

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	$13,804,032	$13,815,142	$19,768,098	$-11,110
2024	$16,308,474	$13,426,820	$19,394,021	$2,881,654
2023	$15,087,377	$12,923,404	$19,450,095	$2,163,973
2022	$13,951,799	$10,971,022	$14,926,411	$2,980,777
2021	$12,589,969	$8,917,621	$11,365,356	$3,672,348
2020	$9,823,638	$8,061,794	$7,887,509	$1,761,844
2019	$8,261,461	$7,204,054	$5,057,356	$1,057,407