SOUTHWEST BALTIMORE CHARTER SCHOOL… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

TIMOTHY SMITH

Phone

4439843385

Tax Period

2023-07-01 to 2024-06-30

SOUTHWEST BALTIMORE CHARTER SCHOOL INC, founded in 2004, is a community nonprofit in the Education sector that reported $7.8M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

SBCS, A TITLE 1 SCHOOL, SEEKS TO PROVIDE EACH CHILD WITH THE TOOLS NECESSARY TO LIVE A FULFILLING, PRODUCTIVE LIFE. THE RIGOROUS EXPEDITIONARY LEARNING (EL) SCHOOL MODEL IS ENGAGING AND STUDENT-CENTERED. EL CULTIVATES STUDENTS' LOVE OF LEARNING, CURIOSITY, AND CRITICAL THINKING SKILLS. WE BELIEVE THAT ACADEMIC SUCCESS IN THE CLASSROOM IS INTEGRALLY LINKED TO LIFE AND OPPORTUNITIES OUTSIDE THE CLASSROOM. SBCS IS THE INTERSECTION AT WHICH A CHILD'S ACADEMIC, FAMILY AND COMMUNITY LIVES COME TOGETHER TO CREATE A LEARNING ENVIRONMENT THAT IS CHALLENGING, SUPPORTIVE AND FUN.

Program Service Accomplishments

Program 1

Expenses: $7,200,088 Revenue: $7,538,881

SOUTHWEST BALTIMORE CHARTER SCHOOL ACKNOWLEDGES AND NURTURES THE TALENTS OF ALL CHILDREN IN A CULTURALLY AND SOCIALLY DIVERSE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $249,505

Program Service Revenue $7,489,459

Investment Income $55,943

Other Revenue $0

TOTAL REVENUE $7,794,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,121,856

Fundraising Expenses $223,361

Program Expenses $7,200,088

Other Expenses $1,032,846

TOTAL EXPENSES $8,154,702

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,794,907	$8,802,277	-0.1%
Expenses	$8,154,702	$7,538,216	+0.1%
Net Income	$-359,795	$1,264,061	-1.3%

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

$56,094

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER NAIL	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER ST GERMAIN	TREASURER	1.00	Officer Director	$0	$0	$0
SHANNICE ANDERSON-KIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
STEFANIE CROSLIN	CHAIR	1.00	Officer Director	$0	$0	$0
DAGMAR WEHLING	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE HURST	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEQUETTA EVANS	VICE TREASURER	1.00	Officer Director	$0	$0	$0
QUINCY GOLDSMITH	DIRECTOR	1.00	Director	$0	$0	$0
PRISCILLA MORALES	DIRECTOR	1.00	Director	$0	$0	$0
LISA NOCHUMOWITZ	DIRECTOR	1.00	Director	$0	$0	$0
TIM SMITH	EXECUTIVE DIRECTOR	40.00	Officer	$49,110	$6,984	$56,094

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
2024	$7,794,907	$8,154,702	$4,133,861	$-359,795
2023	$8,802,277	$7,538,216	$4,277,833	$1,264,061
2022	$7,207,258	$7,190,793	$2,980,650	$16,465
2021	$6,454,306	$6,101,007	$2,915,789	$353,299
2020	$6,013,641	$5,412,364	$2,496,785	$601,277
2019	$5,328,701	$5,338,372	$1,746,190	$-9,671
2018	$5,028,113	$5,045,381	$1,706,316	$-17,268

SOUTHWEST BALTIMORE CHARTER SCHOOL INC