GREAT EXPECTATIONS 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

2002

Legal Domicile

Principal Officer

RACHEL LEHMAN

Phone

2183879322

Tax Period

2024-07-01 to 2025-06-30

GREAT EXPECTATIONS SCHOOL, founded in 2002, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

GREAT EXPECTATIONS SCHOOL IS ORGANIZED FOR THE PURPOSE OF OPERATING A RESULTS ORIENTED CHARTER SCHOOL PURSUANT TO MINNESOTA STATUTES 124D.10.

Program Service Accomplishments

Program 1

Expenses: $1,767,352 Revenue: $35,084

GREAT EXPECTATIONS SCHOOL IS ORGANIZED FOR THE PURPOSE OF OPERATING A RESULTS ORIENTED CHARTER SCHOOL PURSUANT TO MINNESOTA STATUTES 124D.10. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE SCHOOL...

GREAT EXPECTATIONS SCHOOL IS ORGANIZED FOR THE PURPOSE OF OPERATING A RESULTS ORIENTED CHARTER SCHOOL PURSUANT TO MINNESOTA STATUTES 124D.10. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE SCHOOL HAD AN AVERAGE DAILY MEMBERSHIP (ADM) OF 111.36 STUDENTS IN THE KINDERGARTEN THROUGH EIGHTH GRADE.

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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 $2,057,719

Program Service Revenue $35,084

Investment Income $151

Other Revenue $8,921

TOTAL REVENUE $2,101,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,412,131

Fundraising Expenses $0

Program Expenses $1,767,352

Other Expenses $653,814

TOTAL EXPENSES $2,065,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,101,875	$2,228,220	-0.1%
Expenses	$2,065,945	$2,241,308	-0.1%
Net Income	$35,930	$-13,088	-3.7%

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

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

$181,624

Total Directors

$107,996

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE DROTOS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ANDREA OREST	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
NIKKI RICE	SECRETARY	40.00	Officer Director	$46,694	$4,086	$50,780
SARAH MCMANUS	TREASURER	1.00	Officer Director	$0	$0	$0
ANNE BRATAAS	MEMBER AT LARGE	1.00	Director	$0	$0	$0
ERIN CHOI	MEMBER AT LARGE	40.00	Director	$52,612	$4,604	$57,216
RACHEL LEHMAN	DIRECTOR	40.00	Officer	$77,672	$6,796	$84,468
BETH FERRY	BUSINESS MANAGER	40.00	Officer	$43,267	$3,109	$46,376

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	$2,101,875	$2,065,945	$1,776,003	$35,930
2024	$2,228,220	$2,241,308	$1,950,223	$-13,088
2023	$2,218,471	$2,138,250	$2,075,154	$80,221
2022	$1,898,391	$1,889,042	$2,244,811	$9,349
2021	$1,739,501	$1,847,376	$672,872	$-107,875
2020	$1,702,653	$1,836,817	$1,006,528	$-134,164
2019	$1,624,778	$1,432,297	$1,225,828	$192,481
2018	$1,512,187	$1,739,632	$1,284,560	$-227,445