LAYC CAREER ACADEMY PUBLIC CHARTER SCHOOL

EIN: 454928100 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$3,135,291
Total Expenses
$3,123,757
Total Assets
$2,906,577
Net Assets
$2,764,286
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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
2012
Legal Domicile
DC
Principal Officer
NICOLE HANRAHAN
Phone
2023192228
Tax Period
2022-07-01 to 2023-06-30

LAYC CAREER ACADEMY PUBLIC CHARTER SCHOOL, founded in 2012, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year.

Mission

LAYC CAREER ACADEMY ENGAGES AND EMPOWERS YOUNG PEOPLE BETWEEN THE AGES OF 16 - 24 BY PROVIDING A COLLEGE PREPARATORY EDUCATION, CAREER TRAINING IN HIGH GROWTH OCCUPATIONS, AND COLLEGE-CREDIT CLASSES. THE LAYC CAREER ACADEMY (LAYCCA) IS AN INNOVATIVE SCHOOL MODEL THAT PROVIDES A BRIDGE BETWEEN HIGH SCHOOL AND COLLEGE FOR YOUTH AGES 16 TO 24 IN THE DISTRICT OF COLUMBIA. LAYCCA PROVIDES YOUTH WITH COLLEGE CREDITS, A RIGOROUS AND SELF-PACED GED PROGRAM, A COLLEGE PREPARATORY CURRICULUM AND CAREER TRAINING IN THE HEALTH CARE AND INFORMATION TECHNOLOGY (IT) FIELDS. NINETY FIVE PERCENT OF OUR STUDENTS ARE WORKING OR IN SCHOOL WITHIN SIX MONTHS OF GRADUATION.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $896,282
Program Service Revenue $2,173,903
Investment Income $0
Other Revenue $65,106
TOTAL REVENUE $3,135,291

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,690,566
Fundraising Expenses $15,978
Program Expenses $2,813,132
Other Expenses $1,433,191
TOTAL EXPENSES $3,123,757

Year-over-Year Comparison

2022 2021 Change
Revenue $3,135,291 $3,628,282 -0.1%
Expenses $3,123,757 $3,227,401 0.0%
Net Income $11,534 $400,881 -1.0%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
30

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
1
$100,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI KAPLAN BOARD CHAIR 1.00
Director
$0 $0 $0
ANA HAGEAGE VICE CHAIR 1.00
Director
$0 $0 $0
JUAN CARLOS PEREIRA BOARD MEMBER 1.00
Director
$0 $0 $0
KATE BRANNON BOARD TREASURER 1.00
Director
$0 $0 $0
TALIB ROBINSON BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA MOORE BOARD SECRETARY 1.00
Director
$0 $0 $0
EMMANUEL CAUDILLO BOARD MEMBER 1.00
Director
$0 $0 $0
BENJAMIN RUIZ STUDENT BOARD MEMBER 1.00
Director
$0 $0 $0
DEAN D'ANGELO BOARD MEMBER 1.00
Director
$0 $0 $0
IVETTE CRUZ DIRECTOR OF ACADEMICS 40.00
Officer
$100,000 $0 $100,000
NICOLE HANRAHAN EXECUTIVE DIRECTOR 40.00
Highest
$135,763 $0 $135,763
JACQUELINE FERNANDEZ SCHOOL PRINCIPAL 40.00
Highest
$121,414 $0 $121,414
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 No data No data No data No data
2023 $3,135,291 $3,123,757 $2,906,577 $11,534
2022 $3,628,282 $3,227,401 $2,972,400 $400,881
2021 $3,642,018 $2,863,239 $2,464,458 $778,779
2020 $3,159,341 $2,962,597 $1,973,713 $196,744
2019 $2,921,924 $3,045,351 $1,506,306 $-123,427
2018 $3,401,740 $3,466,510 $1,647,054 $-64,770
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