TYBEE ISLAND CHARTER SCHOOL INC DBA TYBEE ISLAND MARITIME ACADEMY (EIN 451500099) - 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

2011

Legal Domicile

Principal Officer

BRIGITTE VANBAELEN

Phone

9123954062

Tax Period

2023-07-01 to 2024-06-30

TYBEE ISLAND CHARTER SCHOOL INC DBA TYBEE ISLAND MARITIME ACADEMY, founded in 2011, is a community nonprofit in the Education sector that reported $6.1M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $5.7M left a modest 8% surplus.

Mission

OPERATE A K-8 PUBLIC ELEMENTARY SCHOOL WHICH PROMOTES THE HIGHEST ACADEMIC ACHIEVEMENT THROUGH A MARITIME, CAREER-FOCUSED, PROJECT-BASED CURRICULUM CENTERED ON THE NATURAL AND HISTORICAL CONTEXT OF TYBEE ISLAND.

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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 $6,039,008

Program Service Revenue $0

Investment Income $75,678

Other Revenue $118

TOTAL REVENUE $6,114,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,627,381

Other Expenses $5,650,281

TOTAL EXPENSES $5,650,281

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,114,804	$5,104,530	+0.2%
Expenses	$5,650,281	$5,040,898	+0.1%
Net Income	$464,523	$63,632	+6.3%

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

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

$201,439

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIGETTE VANBAELEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL LYNCH	TREASURER	3.00	Officer Director	$0	$0	$0
RON BOSSICK	DIRECTOR	3.00	Director	$0	$0	$0
CORA THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
LATOYA BRANNEN	DIRECTOR	2.00	Director	$0	$0	$0
ROB WEISEL	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN TIGNOR	SECRETARY	3.00	Officer Director	$0	$0	$0
ROBERT MORRIS	DIRECTOR	3.00	Director	$0	$0	$0
MARIE GOODING	DIRECTOR	2.00	Director	$0	$0	$0
TOM GILLESPIE	DIRECTOR	2.00	Director	$0	$0	$0
FRANK PELUSO	DIRECTOR	2.00	Director	$0	$0	$0
TREY THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
SARAH ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
LEE PERRY	DIRECTOR	2.00	Director	$0	$0	$0
PETER ULRICH	PRINCIPAL	45.00	Officer	$201,439	$0	$201,439

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	$6,114,804	$5,650,281	$5,269,447	$464,523
2023	$5,104,530	$5,040,898	$4,331,472	$63,632
2022	$4,074,189	$3,602,524	$5,111,962	$471,665
2021	$4,283,776	$3,027,707	$4,908,714	$1,256,069
2020	$3,282,171	$2,910,824	$3,695,807	$371,347
2019	$3,757,636	$2,614,330	$3,189,084	$1,143,306

TYBEE ISLAND CHARTER SCHOOL INC DBA TYBEE ISLAND MARITIME ACADEMY