WINDHAM CHARTER SCHOOL CORPORATION PATH ACADEMY WINDHAM

EIN: 464109569 501(c)(3)

WILLIMANTIC, CT

Total Revenue
$1,971,876
Total Expenses
$3,952,558
Total Assets
$220,148
Net Assets
$-1,980,680
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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
2014
Legal Domicile
CT
Principal Officer
GEORGE HERNANDEZ
Phone
8603364200
Tax Period
2017-07-01 to 2018-06-30

WINDHAM CHARTER SCHOOL CORPORATION PATH ACADEMY WINDHAM, founded in 2014, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2017. Expenses of $4.0M exceeded revenue, resulting in a 100% operating deficit.

Mission

WINDHAM CHARTER SCHOOL CORPORATION IS THE GOVERNING BOARD FOR PATH ACADEMY WINDHAM. THE MISSION OF PATH ACADEMY WINDHAM IS TO RE-ENGAGE OVERAGE, UNDER-CREDITED STUDENTS IN EDUCATION, SUPPORTING THEM THROUGH MASTERY OF THE CRITICAL SKILLS NECESSARY FOR SUCCESS IN COLLEGE, CAREER AND COMMUNITY.

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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 (2017)

Revenue Breakdown

Contributions & Grants $7,378
Program Service Revenue $1,917,377
Investment Income $558
Other Revenue $46,563
TOTAL REVENUE $1,971,876

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,016,080
Fundraising Expenses $0
Program Expenses $3,660,319
Other Expenses $2,936,478
TOTAL EXPENSES $3,952,558

Year-over-Year Comparison

2017 2016 Change
Revenue $1,971,876 $2,052,067 0.0%
Expenses $3,952,558 $2,074,069 +0.9%
Net Income $-1,980,682 $-22,002 +89.0%
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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Governance

Voting Members
7
Independent Members
7
Employees
23
Volunteers
10

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
4
$92,295
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE HERNANDEZ CHAIR 1.00
Officer Director
$0 $0 $0
PAT CALVO OUTGOING SECRETARY 1.00
Officer Director
$0 $0 $0
CLINTON ADAMS MEMBER 1.00
Director
$0 $0 $0
JORGE CRUZ OUTGOING MEMBER 1.00
Director
$0 $0 $0
TRACY LAMBERT MEMBER 1.00
Director
$0 $0 $0
JOSHUA CLARKE MEMBER 1.00
Director
$0 $0 $0
MERLE POTCHINSKY OUTGOING MEMBER 1.00
Director
$0 $0 $0
DYLAN LIVSLEY MEMBER 1.00
Director
$0 $0 $0
KAMISHA WILMOT MEMBER 1.00
Director
$0 $0 $0
FRANK TAYLOR MEMBER 1.00
Director
$0 $0 $0
GINO LORICCO PRINCIPAL 3/18 40.00
Officer
$0 $0 $0
BROOKE LAFRENIERE PRINCIPAL THRU 8/17 40.00
Officer
$89,925 $2,370 $92,295
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
2018 $1,971,876 $3,952,558 $220,148 $-1,980,682
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