Frederick Classical Charter School Inc (EIN 271731811) - 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

2010

Legal Domicile

Principal Officer

Debbie Nnameka

Phone

2402361200

Tax Period

2023-07-01 to 2024-06-30

Frederick Classical Charter School Inc, founded in 2010, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

To provide elementary and middle school-aged children in Frederick County with a well-rounded, college-focused instructional program that develops students' knowledge, reason, and self-expression

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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 $634,011

Program Service Revenue $4,793,473

Investment Income $72,284

Other Revenue $35,957

TOTAL REVENUE $5,535,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,141,936

Fundraising Expenses $0

Program Expenses $4,456,059

Other Expenses $1,242,680

TOTAL EXPENSES $5,384,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,535,725	$4,883,639	+0.1%
Expenses	$5,384,616	$4,667,806	+0.2%
Net Income	$151,109	$215,833	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debbie Shoffner	Fmr. President	20.00	Officer Director	$0	$0	$0
Dr Lei Sun	Former Trustee	20.00	Director	$0	$0	$0
Danielle Tracey	Former Trustee	20.00	Director	$0	$0	$0
Debbie Nnameka	President	20.00	Officer Director	$0	$0	$0
Salimeh Khaleeli	Former Trustee	20.00	Director	$0	$0	$0
Robert Wells	Trustee	20.00	Director	$0	$0	$0
Jessica Constant	Treasurer	20.00	Officer Director	$0	$0	$0
Cortney Krauss	Secretary	20.00	Officer Director	$0	$0	$0
Aimee Bowersox	Trustee	20.00	Director	$0	$0	$0
Ed Greenslit	Trustee	20.00	Director	$0	$0	$0
Raymond Harne	Trustee	20.00	Director	$0	$0	$0
Rachel Hanson	Trustee	20.00	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	No data	No data	No data	No data
2024	$5,535,725	$5,384,616	$5,501,034	$151,109
2023	$4,883,639	$4,667,806	$5,551,134	$215,833
2022	$4,717,350	$4,526,167	$2,069,681	$191,183
2021	$4,093,768	$3,859,905	$1,811,955	$233,863
2020	$3,949,047	$3,788,066	$1,614,156	$160,981
2019	$4,508,318	$3,702,434	$1,508,160	$805,884
2018	$3,571,031	$3,432,347	$712,274	$138,684

Frederick Classical Charter School Inc