RICHARD WRIGHT PUBLIC CHARTER SCHO… - Form 990 Financial Data

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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

DR MARCO CLARK

Phone

2023881011

Tax Period

2022-07-01 to 2023-06-30

RICHARD WRIGHT PUBLIC CHARTER SCHOOL FOR JOURNALISM AND MEDIA ART, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $10.3M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $10.0M left a modest 3% surplus.

Mission

THE MISSION OF RICHARD WRIGHT PUBLIC CHARTER SCHOOL FOR JOURNALISM AND MEDIA ARTS IS TO TRANSFORM STUDENTS IN GRADES 8-12 INTO WELL-VERSED MEDIAL CONTRIBUTORS BY PROVIDING A STUDENT-CENTERED ENVIRONMENT THAT CONNECTS THEM TO THE CLASSIC AND MODERN LANGUAGES AND A CURRICULUM FOCUSED ON STRONG WRITING SKILLS AND VOCABULARY.

Program Service Accomplishments

Program 1

Expenses: $8,711,365 Revenue: $7,638,426

NAMED AFTER PROMINENT AFRICAN AMERICAN NOVELIST, RICHARD WRIGHT, THE CHARTER SCHOOL WILL EMPHASIZE THE DEVELOPMENT OF STUDENTS' SKILLS IN COMMUNICATION AND EXPRESSION, WHILE PROVIDING A COMPREHENSIVE EDUCATION THAT PREPARES STUDENTS FOR COLLEGE AND CAREER. THE CHARTER SCHOOL HAS ADOPTED THE BOSTON LATIN SCHOOL FRAMEWORK FOR GRADES 8-12 AND ALIGNED THE CURRICULUM TO DCPS LEARNING STANDARDS, WHERE APPLICABLE. THE BOSTON LATIN MODEL HAS PROVEN TO BE SUCCESSFUL FOR WELL OVER 300 YEARS. THE CHARTER SCHOOL WILL REVIEW ITS CURRICULUM ANNUALLY TO ENSURE ADHERENCE TO STATE AND FEDERAL ACADEMIC GOALS AND TO INCORPORATE BEST PRACTICES FROM EDUCATION RESEARCH.PHILOSOPHY: THE CHARTER SCHOOL WILL CONNECT OUR STUDENTS WITH THE CULTURE OF THE CLASSIC AND MODERN LANGUAGES, WHILE ENHANCING THEIR EDUCATION THROUGH AN EXPLORATION OF JOURNALISM AND MEDIA ARTS. THE CHARTER SCHOOL BELIEVES IN THE FOLLOWING CORE VALUES, WHICH WILL BE INSTILLED BY THE ADMINISTRATION AND STAFF AND DEMONSTRATED BY STUDENTS ON A DAILY BASIS: O SELF-DISCIPLINE O ACADEMIC RIGOR O MORAL CONVICTION O SELF-RESPECT O POSITIVE ENERGY.

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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 $2,167,293

Program Service Revenue $7,638,426

Investment Income $0

Other Revenue $488,177

TOTAL REVENUE $10,293,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,523,442

Fundraising Expenses $103,509

Program Expenses $8,711,365

Other Expenses $5,452,958

TOTAL EXPENSES $9,976,400

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,293,896	$9,037,763	+0.1%
Expenses	$9,976,400	$9,336,932	+0.1%
Net Income	$317,496	$-299,169	-2.1%

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

Total Directors

Key Employees

$400,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERWIN ROSS	CHAIRMAN	0.50	Officer Director	$0	$0	$0
WAYNE ELEY	VICE CHAIR/TREASURER	0.50	Officer Director	$0	$0	$0
ESSIE CHARLES	PARENT OUTREACH	0.50	Director	$0	$0	$0
KYSHIA BISCOE	PARENT/SECRETARY	0.50	Officer Director	$0	$0	$0
GREGORY K ADAMS SR	TRUSTEE	0.50	Director	$0	$0	$0
JELANI JAMES ESQ	TRUSTEE	0.50	Director	$0	$0	$0
LEAONARD UPSON	TRUSTEE	0.50	Director	$0	$0	$0
MARCIA L DYSON	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL L DYSON	TRUSTEE	0.50	Director	$0	$0	$0
OBI HOLLY	TRUSTEE	0.50	Director	$0	$0	$0
CARLA HOLLY	TRUSTEE	0.50	Director	$0	$0	$0
PERCY MASTER P MILLER	TRUSTEE	0.50	Director	$0	$0	$0
REV MELVIN MILTON MAXWELL	TRUSTEE	0.50	Director	$0	$0	$0
TROY PRIEST ESQ	TRUSTEE	0.50	Director	$0	$0	$0
CHRIS FRATTA	TRUSTEE	0.50	Director	$0	$0	$0
DR MARCO CLARK	HEAD OF SCHOOL	50.00	Key Emp	$210,000	$0	$210,000
ALISHA ROBERTS-FUNDERBURK	CHIEF OF OPERATIONS	50.00	Key Emp	$190,000	$0	$190,000

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	$10,293,896	$9,976,400	$23,962,016	$317,496
2022	$9,037,763	$9,336,932	$15,874,690	$-299,169
2021	$8,376,682	$8,170,069	$15,850,160	$206,613
2020	$8,240,745	$7,450,988	$13,714,913	$789,757
2019	$7,027,655	$6,163,398	$1,858,499	$864,257
2018	$6,183,867	$5,758,721	$1,191,376	$425,146

RICHARD WRIGHT PUBLIC CHARTER SCHOOL FOR JOURNALISM AND MEDIA ART