SIGSBEE CHARTER SCHOOL INC

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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

2008

Legal Domicile

Principal Officer

GREG SULLIVAN

Phone

3052941861

Tax Period

2024-07-01 to 2025-06-30

SIGSBEE CHARTER SCHOOL INC, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $13.2M in total revenue in fiscal year 2024. The organization ran a surplus of $3.8M, a strong 29% operating margin.

Mission

THROUGH INNOVATIVE APPROACHES, SIGSBEE CHARTER SCHOOL INSPIRES CRITICAL THINKING AND PROMOTES EMPATHY, FOCUSING ON THE UNIQUE NEEDS OF THE MILITARY CHILD.

Program Service Accomplishments

Program 1

Expenses: $8,510,635 Revenue: $1,241,958

INSTRUCTIONAL SERVICES: TO PROVIDE CHILDREN FROM KINDERGARTEN THROUGH EIGHTH GRADEAN EDUCATION BY CAPTIVATING STUDENTS THROUGH MARINE-SCIENCE, ENVIORNMENTAL EDUCATION PROGRAM THAT CAPITALIZES ON THE LOCAL MARINE SANCTUARY. THE CURRICULUM OFFERS INTEGRATED STUDIES THAT ENGAGE STUDENTS WITH THE ENVIORNMENT THROUGH LOCAL FIELD TRIPS AND INQUIRY PROJECTS. OUR SCIENCE PROGRAM IS ROOTED IN BACKWARD CURRICULUM DESIGN. OUR LITERACY PROGRAM FOLLOWS A BALANCED LITERACY APPROACH. MATH ISTRUCTION IS CRAFTED AROUND THE MATHEMATICAL PRACTICES. STUDENTS PARTICIPATE IN EXPLORATORY CULTURAL ARTS PROGRAMS ON A DAILY BASIS, INCLUDING MUSIC, ART, TECHNOLOGY, MEDIA AND PHYSICAL EDUCATION. THE ORGANIZATION SERVED APPROXIMATELY 526 STUDENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2025.

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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 $12,002,549

Program Service Revenue $93,174

Investment Income $757,085

Other Revenue $391,699

TOTAL REVENUE $13,244,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,558,849

Fundraising Expenses $0

Program Expenses $8,510,635

Other Expenses $1,837,513

TOTAL EXPENSES $9,396,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,244,507	$13,024,739	+0.0%
Expenses	$9,396,362	$8,847,813	+0.1%
Net Income	$3,848,145	$4,176,926	-0.1%

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

500

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
ROBERT EADIE	PRESIDENT, DIRECTOR	10.00	Officer Director	$0	$0	$0
KEVIN MADOK	VICE PRESIDENT,DIRECTOR	5.00	Officer Director	$0	$0	$0
LISA MORRIS	SECRETARY, DIRECTOR	5.00	Officer Director	$0	$0	$0
MARK FINIGAN	TREASURER, DIRECTOR	5.00	Officer Director	$0	$0	$0
MICHELLE MAXWELL RESIGNED 91124	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA THOMPSON RESIGNED 1	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE GRIFFITHS	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN MCALEARNEY	DIRECTOR	1.00	Director	$0	$0	$0
GREG SULLIVAN EFFECTIVE 01152025	DIRECTOR	1.00	Director	$0	$0	$0
ELISA JANNES	PRINCIPAL	40.00	Highest	$180,338	$0	$180,338
STEPHANIE BARTLEY	FINANCE MANAGER	40.00	Highest	$128,743	$0	$128,743
SEANA CAMERON	MIDDLE SCHOOL INTERVENTION	40.00	Highest	$109,697	$0	$109,697
ANGELA HANKINS	LITERACY COACH	40.00	Highest	$108,072	$0	$108,072
JANICE WISH	SCIENCE INSTRUCTIONAL COACH	40.00	Highest	$102,897	$0	$102,897

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	$13,244,507	$9,396,362	$28,206,856	$3,848,145
2024	$13,024,739	$8,847,813	$24,315,580	$4,176,926
2023	$8,819,648	$8,152,665	$20,045,343	$666,983
2022	$7,585,354	$6,853,853	$19,242,847	$731,501
2021	$7,712,356	$6,622,472	$18,543,973	$1,089,884
2020	$7,184,950	$5,928,358	$18,126,142	$1,256,592
2019	$7,020,423	$5,686,721	$16,047,618	$1,333,702