THE LEWIS CHATMAN ACADEMY (EIN 263929548) - 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

2013

Legal Domicile

Principal Officer

FELICIA HARRELL

Tax Period

2023-01-01 to 2023-12-31

THE LEWIS CHATMAN ACADEMY, founded in 2013, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 8% surplus.

Mission

THE LEWIS CHATMAN ACADEMY PROVIDES QUALITY DAYCARE SERVICES FOR THE COMMUNITY OF PATERSON, NEW JERSEY. IT CAREFULLY PLANS ACTIVITIES THAT ARE SPECIFICALLY DESIGNED WITH A CHILDS INDIVIDUAL TRAITS TO ACCOMMODATE VARIOUS LEARNING STYLES AT THE DAYCARE CENTER

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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 $1,159,102

Program Service Revenue $870,237

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,029,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $833,459

Fundraising Expenses $0

Program Expenses $1,509,283

Other Expenses $1,029,554

TOTAL EXPENSES $1,863,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,029,339	$1,686,744	+0.2%
Expenses	$1,863,013	$1,674,349	+0.1%
Net Income	$166,326	$12,395	+12.4%

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

N/A

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

$277,939

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LATOYA BUTLER	EXECUTIVE DIRECTOR	40.00	Officer	$143,264	$0	$143,264
FELICIA HARRELL	EXECUTIVE DIRECTOR	40.00	Officer	$134,675	$0	$134,675
ELZENA WILDER	MEMBER	1.00	Director	$0	$0	$0
GAIL GLOVER	PRESIDENT	2.00	Officer Director	$0	$0	$0
TROYE WASHINGTON	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
PAMELA MANOR	TREASURER	1.00	Officer Director	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$2,029,339	$1,863,013	$794,270	$166,326
2022	$1,686,744	$1,674,349	$651,015	$12,395
2021	$1,827,316	$1,615,505	$620,075	$211,811
2020	$1,752,945	$1,640,088	$289,503	$112,857
2019	$1,904,764	$1,798,558	$142,523	$106,206

THE LEWIS CHATMAN ACADEMY