AMERICAN QUALITY SCHOOLS CORP (EIN 364298732) - 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

1999

Legal Domicile

Principal Officer

MICHAEL BAKALIS

Phone

6302973391

Tax Period

2022-07-01 to 2023-06-30

AMERICAN QUALITY SCHOOLS CORP, founded in 1999, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2022. Expenses of $2.8M left a modest 7% surplus.

Mission

organization, management and operation of charter school.

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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 $2,988,290

Program Service Revenue $15,911

Investment Income $31

Other Revenue $0

TOTAL REVENUE $3,004,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,399,645

Fundraising Expenses $0

Program Expenses $2,220,548

Other Expenses $1,409,078

TOTAL EXPENSES $2,808,723

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,004,232	$2,980,673	+0.0%
Expenses	$2,808,723	$3,095,354	-0.1%
Net Income	$195,509	$-114,681	-2.7%

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

$115,000

Total Directors

$115,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA YADGIR	Vice President	40.00	Officer Director	$115,000	$0	$115,000
YOLANDA M BANKS	principal	40.00		$112,000	$0	$112,000
MICHAEL BAKALIS	President	1.00	Officer Director	$0	$0	$0
TOM PEKRAS	BOARD MEMBER	1.00	Director	$0	$0	$0
PAM PAUL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARLENE GOLEMBO	Secretary	1.00	Officer Director	$0	$0	$0
GEORGE NASSOS	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRI VANDERJACK	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA DAVIDSON	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$3,004,232	$2,808,723	$1,287,951	$195,509
2022	$2,980,673	$3,095,354	$802,710	$-114,681
2021	$3,048,885	$2,984,648	$928,105	$64,237
2020	$3,346,375	$2,973,283	$877,845	$373,092
2019	$3,155,678	$3,436,117	$716,978	$-280,439

AMERICAN QUALITY SCHOOLS CORP