NEIGHBORHOOD CHARTER SCHOOLS (EIN 453355866) - 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

2009

Legal Domicile

Principal Officer

WALTER RENDON

Phone

6467017117

Tax Period

2024-07-01 to 2025-06-30

NEIGHBORHOOD CHARTER SCHOOLS, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $39.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF NEIGHBORHOOD CHARTER SCHOOLS IS TO PROVIDE CHILDREN WITH NEW EDUCATIONAL OPPORTUNITIES THROUGH A RIGOROUS, COMPREHENSIVE K-8 PROGRAM THAT CULTIVATES THE INTELLECTUAL, SOCIAL AND EMOTIONAL DEVELOPMENT OF EACH CHILD. OUR SCHOOL IS AN INCLUSIVE COMMUNITY THAT SERVES HIGH-FUNCTIONING CHILDREN ON THE AUTISM SPECTRUM ALONG WITH THEIR NEIGHBORHOOD PEERS. OUR STUDENTS WILL BECOME INDEPENDENT LEARNERS AND CRITICAL THINKERS, WILL ACQUIRE THE ACADEMIC SKILLS THEY NEED TO SUCCEED IN COLLEGE PREPARATORY HIGH SCHOOLS AND WILL EXHIBIT THE SOCIAL AND EMOTIONAL SKILLS THAT WILL ALLOW THEM TO REACH THEIR FULL POTENTIAL.

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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 $2,863,432

Program Service Revenue $35,062,180

Investment Income $186,206

Other Revenue $1,728,425

TOTAL REVENUE $39,840,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,333,753

Fundraising Expenses $13,893

Program Expenses $34,030,513

Other Expenses $13,520,700

TOTAL EXPENSES $38,854,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,840,243	$35,238,005	+0.1%
Expenses	$38,854,453	$35,788,057	+0.1%
Net Income	$985,790	$-550,052	-2.8%

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

270

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

$259,870

Total Directors

Key Employees

$1,088,796

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVERARDO JEFFERSON	TRUSTEE	1.00	Director	$0	$0	$0
WYLIE FENNELL	TRUSTEE	1.00	Director	$0	$0	$0
CLIFF SCHNEIDER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PATRICIA SOUSSLOFF	PRESIDENT- RESIGNED JUN 2025	5.00	Officer Director	$0	$0	$0
WALTER RENDON	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
STEPHANIE HUBBELL	TRUSTEE	1.00	Director	$0	$0	$0
HEIDI BAKER	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHANIE FOX	TRUSTEE - RESIGNED DURING YEAR	1.00	Director	$0	$0	$0
MORGAN JENKINS	TRUSTEE- JOINED NOV 2024	1.00	Director	$0	$0	$0
DANIEL MCCORMICK	EXECUTIVE DIRECTOR	40.00	Officer	$227,500	$32,370	$259,870
NICHOLAS CARTON	PRINCIPAL	40.00	Key Emp	$176,906	$32,047	$208,953
TODD SOPER	PRINCIPAL	40.00	Key Emp	$169,464	$12,539	$182,003
MICHELLE SANTOS	CHIEF OF STAFF	40.00	Key Emp	$152,424	$18,400	$170,824
MICHELLE RUMPH	MANAGING DIRECTOR OF FINAN	40.00	Key Emp	$156,006	$15,430	$171,436
JERMAINE OTTEY	SR DIRECTOR OF TALENT & HR	40.00	Key Emp	$161,372	$9,785	$171,157
KARA SINGLETON	DIRECTOR OF MIDDLE SCHOOL ACADEMICS	40.00	Key Emp	$163,481	$20,942	$184,423
AMY YOUNG	ASSISTANT PRINCIPAL	40.00	Highest	$148,241	$10,265	$158,506
RACHEL VIEGAS	DIRECTOR OF SPECIAL EDUCATION	40.00	Highest	$134,692	$15,130	$149,822
KELLIE RILEY	RELATED SERVICES PROGRAM DIRECTOR	40.00	Highest	$131,991	$4,521	$136,512
KATHLEEN ASCHINGER	ASSISTANT PRINCIPAL	40.00	Highest	$138,959	$16,114	$155,073
RACHEL STOTSKY	ASSISTANT PRINCIPAL	40.00	Highest	$139,476	$44,888	$184,364

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	$39,840,243	$38,854,453	$110,737,435	$985,790
2024	$35,238,005	$35,788,057	$105,662,341	$-550,052
2023	$31,552,740	$33,751,407	$108,900,933	$-2,198,667
2022	$29,485,952	$29,112,151	$14,146,226	$373,801
2021	$25,818,780	$24,897,332	$12,952,182	$921,448
2020	$23,762,035	$24,084,429	$11,340,286	$-322,394
2019	$16,255,158	$15,484,517	$9,916,340	$770,641

NEIGHBORHOOD CHARTER SCHOOLS