STEP Academy Charter School (EIN 300562083) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

Paul Scanlon

Phone

6512896120

Tax Period

2024-07-01 to 2025-06-30

STEP Academy Charter School, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $13.0M in total revenue in fiscal year 2024. Expenses of $12.1M left a modest 6% surplus.

Mission

Public charter school that serves grades K-12.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,941,768

Program Service Revenue $26,522

Investment Income $4,084

Other Revenue $0

TOTAL REVENUE $12,972,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,175,206

Fundraising Expenses $0

Program Expenses $11,232,182

Other Expenses $5,970,342

TOTAL EXPENSES $12,145,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,972,374	$13,148,186	0.0%
Expenses	$12,145,548	$14,386,070	-0.2%
Net Income	$826,826	$-1,237,884	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

155

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

$44,499

Total Directors

$77,061

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mohamed Shuriye	Board Chair	1.00	Officer Director	$0	$0	$0
Abdiladif Sambul	Board Vice Chair	1.00	Officer Director	$0	$0	$0
Hassan Moalim	Treasurer	1.00	Officer Director	$0	$0	$0
Marwa Borghol	Member/Teacher	40.00	Director	$70,390	$6,671	$77,061
Ali Abdi	Member	1.00	Director	$0	$0	$0
Anna Rowlyn	Member/Teacher	1.00	Director	$0	$0	$0
Paul Scanlon	Executive Director (Started 11/2/24)	40.00	Officer	$41,394	$3,105	$44,499
Mustafa Ibrahim	Executive Director (Resigned 11/1/24)	40.00		$143,103	$9,906	$153,009

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	$12,972,374	$12,145,548	$10,617,173	$826,826
2024	$13,148,186	$14,386,070	$11,018,423	$-1,237,884
2023	$10,192,643	$12,800,942	$12,565,957	$-2,608,299
2022	$9,992,198	$9,907,461	$8,986,630	$84,737
2021	$8,269,409	$8,220,687	$6,426,956	$48,722
2020	$8,509,643	$8,333,398	$5,778,712	$176,245
2019	$6,134,230	$5,431,891	$5,797,365	$702,339
2018	$5,654,495	$5,981,332	$4,344,574	$-326,837
2017	$3,564,542	$3,944,168	$4,118,037	$-379,626

STEP Academy Charter School