Launch High School (EIN 462658524) - 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

2013

Legal Domicile

Principal Officer

Patrick Cush

Phone

7192036128

Tax Period

2021-07-01 to 2022-02-28

Launch High School, founded in 2013, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2021. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 95% operating margin.

Mission

Empowers graduates with academic and entrepreneurial knowledge as well as skills and resources, so they can create and capitalize on opportunities in pursuit of their passions towards social and economic prosperity.

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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 (2021)

Revenue Breakdown

Contributions & Grants $176,845

Program Service Revenue $0

Investment Income $-2,211

Other Revenue $2,063,312

TOTAL REVENUE $2,237,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,506

Fundraising Expenses $0

Program Expenses $32,343

Other Expenses $72,227

TOTAL EXPENSES $115,733

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,237,946	$1,099,102	+1.0%
Expenses	$115,733	$794,378	-0.9%
Net Income	$2,122,213	$304,724	+6.0%

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

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

$99,034

Total Directors

$99,034

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Cush	Head of School	55.00	Officer Director	$78,463	$20,571	$99,034
David Cush	Treasurer	2.00	Officer Director	$0	$0	$0
Patrick Finnegan	President	2.00	Officer Director	$0	$0	$0
Adam Fisher	Secretary	2.00	Officer Director	$0	$0	$0
Bobby Gagnon	Member	2.00	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
2022	$2,237,946	$115,733	No data	$2,122,213
2021	$1,099,102	$794,378	$435,094	$304,724
2020	$1,209,752	$1,473,098	$468,734	$-263,346
2019	$1,750,412	$1,974,162	$1,163,530	$-223,750

Launch High School