FRANKLIN TOWNE CHARTER ELEMENTARY SCHOOL (EIN 264634765) - 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

2009

Legal Domicile

Principal Officer

JAMES RODGERS

Phone

2152893389

Tax Period

2024-07-01 to 2025-06-30

FRANKLIN TOWNE CHARTER ELEMENTARY SCHOOL, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $20.1M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $4.0M, a strong 20% operating margin.

Mission

BASIC ELEMENTARY SCHOOL EDUCATION FOR 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 (2024)

Revenue Breakdown

Contributions & Grants $2,342,084

Program Service Revenue $17,711,733

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,053,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,138,827

Fundraising Expenses $0

Program Expenses $12,044,403

Other Expenses $4,888,762

TOTAL EXPENSES $16,027,589

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,053,817	$21,129,606	-0.1%
Expenses	$16,027,589	$15,492,442	+0.0%
Net Income	$4,026,228	$5,637,164	-0.3%

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

150

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

$629,141

Total Directors

Key Employees

$252,099

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES RODGERS	CEO	40.00	Officer	$306,014	$54,364	$360,378
MEGAN WALSH	CFO	40.00	Officer	$179,808	$88,955	$268,763
MATTHEW KOCHER	PRINCIPAL	40.00	Key Emp	$161,007	$91,092	$252,099
JAMIE NEAL	ASSIST PRINC	40.00	Highest	$107,505	$70,354	$177,859
KEVIN MCKEEVER	ASSIST PRINC	40.00	Highest	$104,663	$70,365	$175,028
THERESA GOODCHILD	SPED DIRECTO	40.00	Highest	$104,393	$31,897	$136,290
WILLIAM GRETZULA	ASSIST PRINC	40.00	Highest	$107,632	$17,722	$125,354
KELSEY WALSH	SPEECH	40.00	Highest	$105,072	$17,164	$122,236
MICHELE KRAJEWSKI LEFT 102025	MEMBER	0.25	Director	$0	$0	$0
THOMAS CONWAY	SECRETARY	0.50	Officer Director	$0	$0	$0
CHRISTOPHER CREELMAN	TREASURER	0.25	Officer Director	$0	$0	$0
JOSEPH A GARBARIANO	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL GRASSO	MEMBER	0.25	Director	$0	$0	$0
THOMAS MCDADE III	VICE CHAIR	0.25	Officer Director	$0	$0	$0
EUGENE MCALEER	MEMBER	0.25	Director	$0	$0	$0
KARI SMITH	MEMBER	0.25	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
2025	$20,053,817	$16,027,589	$36,135,720	$4,026,228
2024	No data	No data	No data	No data
2023	$18,471,849	$9,342,136	$27,464,053	$9,129,713
2022	$18,287,272	$13,416,213	$25,741,491	$4,871,059
2021	$15,172,812	$11,489,594	$20,500,235	$3,683,218
2020	$14,172,638	$11,586,565	$16,669,084	$2,586,073
2019	$13,540,527	$11,308,835	$14,535,003	$2,231,692

FRANKLIN TOWNE CHARTER ELEMENTARY SCHOOL