BREAKTHROUGH PUBLIC SCHOOLS (EIN 270362848) - 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

ANDREW MCRAE

Tax Period

2022-07-01 to 2023-06-30

BREAKTHROUGH PUBLIC SCHOOLS, founded in 2009, is a community nonprofit in the Education sector that reported $9.9M in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $9.3M left a modest 7% surplus.

Mission

BPS' MISSION IS TO PROVIDE SUSTAINABLE, HIGH-QUALITY PUBLIC SCHOOLS IN (SEE SCHEDULE O)CLEVELAND'S UNDER-SERVED NEIGHBORHOODS, ENSURING ALL STUDENTS HAVE ACCESSTO A PUBLIC, FREE, OUTSTANDING COLLEGE PREPARATORY EDUCATION. OUR SCHOOLSHAVE BEEN HONORED BY LOCAL, STATE, AND NATIONAL ORGANIZATIONS FOREXCELLENCE IN TEACHING, LEADERSHIP, AND STUDENT ACHIEVEMENT. WE CURRENTLYSERVE NEARLY 3,300 K-8 STUDENTS ACROSS TEN FREE, PUBLIC CHARTERSCHOOLS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $354,250

Program Service Revenue $6,652,272

Investment Income $0

Other Revenue $2,903,654

TOTAL REVENUE $9,910,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,567,590

Fundraising Expenses $0

Program Expenses $8,508,840

Other Expenses $4,695,692

TOTAL EXPENSES $9,263,282

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,910,176	$8,613,684	+0.2%
Expenses	$9,263,282	$9,057,075	+0.0%
Net Income	$646,894	$-443,391	-2.5%

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

N/A

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

$388,311

Total Directors

Key Employees

$162,055

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER HOWARD	TRUSTEE	1.00	Director	$0	$0	$0
PAUL HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
LINDA ZUCCA	TRUSTEE	1.00	Director	$0	$0	$0
ALAN KOPIT	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW LEE	TRUSTEE	1.00	Director	$0	$0	$0
DANIELLE EISENBERG	TRUSTEE	1.00	Director	$0	$0	$0
JOY JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY SCHLANG	TRUSTEE	1.00	Director	$0	$0	$0
SAM STEINHOUSE	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA TANCER	TRUSTEE	1.00	Director	$0	$0	$0
LAURA MIMURA	TRUSTEE	1.00	Director	$0	$0	$0
SANJAY VYAS	TRUSTEE	1.00	Director	$0	$0	$0
RALPH JOHNSON	CEO	40.00	Officer	$260,750	$0	$260,750
STEPHANIE WERNET	CIO	40.00	Officer	$127,561	$0	$127,561
CELESTE FARMER	TREASURER	40.00	Officer	$0	$0	$0
ANDREW MCRAE	CHIEF ACADEMIC OFFICER	40.00	Key Emp	$162,055	$0	$162,055
JOHN MCBRIDE	HEAD OF SCHOOLS	40.00	Highest	$140,537	$0	$140,537
MEGAN JOHNSTON	COO	40.00	Highest	$119,661	$0	$119,661

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	No data	No data	No data	No data
2023	$9,910,176	$9,263,282	$2,750,056	$646,894
2022	$8,613,684	$9,057,075	$1,482,127	$-443,391
2021	$11,175,570	$10,570,967	$2,179,361	$604,603
2019	$6,374,546	$6,399,183	$817,606	$-24,637
2018	$8,957,998	$8,911,032	$1,482,781	$46,966

BREAKTHROUGH PUBLIC SCHOOLS