UNITY CLASSICAL CHARTER SCHOOL A CHALLENGE FOUNDATION ACADEMY

EIN: 464248675 501(c)(3) Education

CHARLOTTE, NC

Total Revenue
$14,333,720
Total Expenses
$14,224,758
Total Assets
$103,611,131
Net Assets
$2,018,505
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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
NC
Principal Officer
STEPHEN STILLITANO
Phone
9802828298
Tax Period
2024-07-01 to 2025-06-30

UNITY CLASSICAL CHARTER SCHOOL A CHALLENGE FOUNDATION ACADEMY, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $14.3M in total revenue in fiscal year 2024.

Mission

THROUGH CLASSICAL EDUCATION'S RIGOR, WE STRIVE TO DEVELOP INTELLECTUALLY, MORALLY, AND PHYSICALLY EXCELLENT CITIZENS WHO EMBRACE LEARNING AND THE DESIRE TO SERVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,079,493
Program Service Revenue $284,435
Investment Income $131,131
Other Revenue $3,838,661
TOTAL REVENUE $14,333,720

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,790,251
Fundraising Expenses $0
Program Expenses $8,643,497
Other Expenses $8,434,507
TOTAL EXPENSES $14,224,758

Year-over-Year Comparison

2024 2023 Change
Revenue $14,333,720 $14,677,729 0.0%
Expenses $14,224,758 $12,615,360 +0.1%
Net Income $108,962 $2,062,369 -0.9%
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
142
Volunteers
260

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN WALKER BOARD CHAIR 10.00
Director
$0 $0 $0
JASON COLE BOARD MEMBER 2.00
Director
$0 $0 $0
GIOVANNI TRIANNA BOARD MEMBER 2.00
Director
$0 $0 $0
LINDA RAKVIC BOARD SECRETARY 2.00
Director
$0 $0 $0
DANA GOLDFARB BOARD TREASURER 5.00
Director
$0 $0 $0
REV MARTIN MCCARTHY BOARD VICE CHAIR 3.00
Director
$0 $0 $0
DERRICK CHAMBERS BOARD MEMBER 2.00
Director
$0 $0 $0
JAIME DANIELL BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHEN STILLITANO OFFICER 2.00
Officer
$0 $0 $0
SHEILA GOAD REDDICK EXECUTIVE DIRECTOR 1.00
Highest
$115,420 $0 $115,420
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 $14,333,720 $14,224,758 $103,611,131 $108,962
2024 $14,677,729 $12,615,360 $106,564,616 $2,062,369
2023 $7,552,549 $6,724,684 $19,645,010 $827,865
2022 $3,839,513 $3,446,290 $17,086,927 $393,223
2021 $2,656,665 $2,209,180 $977,503 $447,485
2018 $859,381 $816,991 $67,432 $42,390
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