WESTLAKE CHARTER SCHOOL

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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

2005

Legal Domicile

Principal Officer

JOHN EICK

Phone

9165675760

Tax Period

2024-07-01 to 2025-06-30

WESTLAKE CHARTER SCHOOL, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $21.8M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $18.7M left a modest 14% surplus.

Mission

WESTLAKE CHARTER SCHOOL'S PRIMARY MISSION IS TO DEMONSTRATE WHAT IS POSSIBLE WHEN SCHOOL AND COMMUNITY COLLABORATE TO CREATE INSPIRING ADULTS WITH THE ACADEMIC AND SOCIAL-EMOTIONAL READINESS TO LEAD AS GLOBAL CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $14,953,008 Revenue: $31,220

WESTLAKE CHARTER SCHOOL IS A K-12TH GRADE PUBLIC SCHOOL THAT PROVIDES EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. WESTLAKE CHARTER SCHOOL OPENED IN 2005 AND RECENTLY CELEBRATED OUR 20TH...

Program 2

Expenses: $149,153 Revenue: $282,407

THE OPERATION OF BASE, WHICH IS WESTLAKE CHARTER SCHOOL'S BEFORE AND AFTER SCHOOL ENRICHMENT PROGRAM THAT PROVIDES WORKING PARENTS AN OPPORTUNITY TO HAVE THEIR CHILDREN ARRIVE EARLY AND STAY LATER...

THE OPERATION OF BASE, WHICH IS WESTLAKE CHARTER SCHOOL'S BEFORE AND AFTER SCHOOL ENRICHMENT PROGRAM THAT PROVIDES WORKING PARENTS AN OPPORTUNITY TO HAVE THEIR CHILDREN ARRIVE EARLY AND STAY LATER THAN SCHOOL HOURS.

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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 $21,078,360

Program Service Revenue $282,407

Investment Income $351,463

Other Revenue $57,806

TOTAL REVENUE $21,770,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,275,649

Fundraising Expenses $0

Program Expenses $15,102,161

Other Expenses $4,423,506

TOTAL EXPENSES $18,699,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,770,036	$18,951,173	+0.1%
Expenses	$18,699,155	$17,035,804	+0.1%
Net Income	$3,070,881	$1,915,369	+0.6%

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

227

Volunteers

179

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

$527,537

Total Directors

$341,742

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOPE GAWLICK	BOARD PRESIDENT	4.00	Officer Director	$0	$0	$0
SIAN BURMAN	BOARD VICE PRESIDENT, TREASURER	4.00	Officer Director	$0	$0	$0
JOSH CORELL	SECRETARY	4.00	Officer Director	$0	$0	$0
NIRALI PATEL	BOARD MEMBER	4.00	Director	$0	$0	$0
AMBER HUSTEAD	BOARD MEMBER	4.00	Director	$0	$0	$0
ANN VEU	BOARD MEMBER (THRU SEPT. 2024)	4.00	Director	$0	$0	$0
AMY RICE	TEACHER/BOARD MEMBER	44.00	Director	$83,417	$14,004	$97,421
SUZANNE MARCZAK	BOARD MEMBER	4.00	Director	$0	$0	$0
SALLY HUBBARD	TEACHER/BOARD MEMBER	44.00	Director	$105,815	$19,332	$125,147
MEREDITH GALLOWAY	TEACHER/BOARD MEMBER (THRU SEPT. 24)	44.00	Director	$102,542	$16,632	$119,174
SATVEER ARK	BOARD MEMBER (START NOV. 2024)	4.00	Director	$0	$0	$0
JOHN EICK	EXECUTIVE DIRECTOR	40.00	Officer	$196,759	$83,541	$280,300
STEVE KORVINK	CBO	40.00	Officer	$190,189	$57,048	$247,237
KATIE DAVIS	DIRECTOR, STUDENT SUPPORT SERVICES	40.00	Highest	$134,159	$46,232	$180,391
JENIFER CALLAU	DIRECTOR, CURRICULUM AND INSTRUCTION	40.00	Highest	$156,183	$34,800	$190,983
JESSICA GHALAMBOR	PRINCIPAL	40.00	Highest	$136,965	$30,601	$167,566
LILA MCIVER	PRINCIPAL	40.00	Highest	$133,440	$26,215	$159,655
CHRISTINA SAAD	SCHOOL PSYCHOLOGIST	40.00	Highest	$116,856	$20,555	$137,411

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	$21,770,036	$18,699,155	$19,292,306	$3,070,881
2024	$18,951,173	$17,035,804	$15,955,252	$1,915,369
2023	$16,902,588	$15,126,194	$14,384,783	$1,776,394
2022	$13,985,203	$11,544,953	$11,605,003	$2,440,250
2021	$10,853,392	$10,343,740	$9,928,021	$509,652
2020	$10,076,722	$9,446,059	$8,814,674	$630,663
2019	$9,627,093	$8,744,180	$7,819,787	$882,913
2018	$9,394,318	$9,020,173	$7,223,779	$374,145