ERIE RISE LEADERSHIP ACADEMY CHARTER SCHOOL (EIN 452470991) - 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

2010

Legal Domicile

Principal Officer

ED WILLIAMS

Phone

8145206468

Tax Period

2022-07-01 to 2023-06-30

ERIE RISE LEADERSHIP ACADEMY CHARTER SCHOOL, founded in 2010, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $6.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

To further education quality in Erie

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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 $1,672,009

Program Service Revenue $3,852,525

Investment Income $26,408

Other Revenue $53,830

TOTAL REVENUE $5,604,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,217,627

Fundraising Expenses $0

Program Expenses $4,709,456

Other Expenses $2,141,944

TOTAL EXPENSES $6,359,571

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,604,772	$7,206,637	-0.2%
Expenses	$6,359,571	$5,830,449	+0.1%
Net Income	$-754,799	$1,376,188	-1.5%

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

117

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

$118,685

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aubrey Favors	CEO	50	Officer	$88,105	$30,580	$118,685
Dr Margaret Smith	President	2	Director	$0	$0	$0
Ed Williams	Vice President/Treasurer	2	Director	$0	$0	$0
Constance Ratcliff	Secretary	2	Director	$0	$0	$0
Shantel Hilliard	Trustee	2	Director	$0	$0	$0
Michael Hooks	Trustee	2	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
2023	$5,604,772	$6,359,571	$3,698,594	$-754,799
2022	$7,206,637	$5,830,449	$4,332,395	$1,376,188
2021	$6,787,754	$4,905,117	$3,578,305	$1,882,637

ERIE RISE LEADERSHIP ACADEMY CHARTER SCHOOL