EXPLORE SCHOOLS INC (EIN 263282250) - 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

2008

Legal Domicile

Principal Officer

KAREN ANNETTE FRANCOIS

Phone

3478757194

Tax Period

2024-07-01 to 2025-06-30

EXPLORE SCHOOLS INC, founded in 2008, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $4.2M left a modest 10% surplus.

Mission

TO PROVIDE STRATEGIC PLANNING, BOARD GOVERNANCE, FINANCIAL OVERSIGHT, HUMAN RESOURCES AND OTHER MANAGEMENT SUPPORT SERVICES TO SCHOOLS.

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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 $38,719

Program Service Revenue $4,541,486

Investment Income $28,530

Other Revenue $0

TOTAL REVENUE $4,608,735

Expense Breakdown

Grants Paid $10,946

Salaries & Benefits $3,115,967

Fundraising Expenses $0

Program Expenses $2,790,748

Other Expenses $1,043,913

TOTAL EXPENSES $4,170,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,608,735	$4,912,689	-0.1%
Expenses	$4,170,826	$5,033,545	-0.2%
Net Income	$437,909	$-120,856	-4.6%

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

$343,999

Total Directors

Key Employees

$493,437

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RESHMA PATEL	CHAIR, TRUSTEE	2.00	Officer Director	$0	$0	$0
JANA REED	CHAIR	2.00	Officer Director	$0	$0	$0
SHAWN JENKINS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BRIAN COAD	TREASURER	1.00	Officer Director	$0	$0	$0
MORTY BALLEN	TRUSTEE	1.00	Director	$0	$0	$0
LINDSAY MATOVICH	TRUSTEE	1.00	Director	$0	$0	$0
KAREN FRANCOIS	CHIEF EXECUTIVE OFFICER	50.00	Officer	$318,317	$25,682	$343,999
EFRAT KUSSELL	CHIEF ACADEMIC OFFICER	50.00	Key Emp	$213,250	$13,280	$226,530
TRACY REBE-BOGULAVSKY	CHIEF OF SCHOOL	50.00	Key Emp	$223,655	$43,252	$266,907
AWO BUSUMSI	MANAGING DIRECTOR OF SCHOOL	50.00	Highest	$195,629	$53,951	$249,580
TIFFANY WILLIAMS	MANAGING DIRECTOR OF TALENT	50.00	Highest	$173,257	$43,743	$217,000
VERONICA WOOLLEY	MANAGING DIRECTOR OF OPERATIONS	50.00	Highest	$177,774	$19,711	$197,485
JARREN KANZE	SR. DIR. OF SPECIAL POPULATIONS	50.00	Highest	$160,283	$27,111	$187,394
QTYASHIA ARRINGTON	MD OF COMM. PARTNERSHIP & FAMILY ENG.	50.00	Highest	$155,827	$25,395	$181,222

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	$4,608,735	$4,170,826	$2,222,414	$437,909
2024	$4,912,689	$5,033,545	$1,975,279	$-120,856
2023	$4,748,495	$4,750,257	$1,605,035	$-1,762
2022	$4,621,468	$4,210,468	$1,638,975	$411,000
2021	$4,043,076	$4,072,284	$1,807,544	$-29,208
2020	$4,110,842	$4,427,568	$1,150,685	$-316,726
2019	$3,955,734	$4,737,887	$1,416,198	$-782,153
2018	$3,619,678	$4,124,548	$2,197,412	$-504,870

EXPLORE SCHOOLS INC