BROOKLYN LABORATORY CHARTER SCHOOLS INC (EIN 464341617) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

GARLAND THOMAS-MCDAVID

Phone

3475938369

Tax Period

2024-07-01 to 2025-06-30

BROOKLYN LABORATORY CHARTER SCHOOLS INC, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $22.3M in total revenue in fiscal year 2024. Expenses of $25.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PREPARE SCHOLARS WITH THE ACADEMIC FOUNDATION, DIGITAL LITERACY, AND LEADERSHIP SKILLS NECESSARY TO SUCCEED IN COLLEGE AND PROFESSIONAL LIFE AS THEY GROW AS ETHICAL LEADERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,241,514

Program Service Revenue $21,093,325

Investment Income $2,767

Other Revenue $-18,201

TOTAL REVENUE $22,319,405

Expense Breakdown

Grants Paid $769

Salaries & Benefits $10,683,160

Fundraising Expenses $0

Program Expenses $21,715,181

Other Expenses $14,381,452

TOTAL EXPENSES $25,065,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,319,405	$21,843,825	+0.0%
Expenses	$25,065,381	$22,558,204	+0.1%
Net Income	$-2,745,976	$-714,379	+2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

164

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

$600,437

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA REVENAUGH	CHAIR	2.00	Officer Director	$0	$0	$0
MATTHEW ARTHUR-GRAY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SOBANDE AFOLABI	SECRETARY	1.00	Officer Director	$0	$0	$0
RYAN CARTER	TREASURER	1.00	Officer Director	$0	$0	$0
ASHWINI CHHABRA	TRUSTEE THRU 01/01/2025	1.00	Director	$0	$0	$0
DR MARIA BEGG-ROBERSON	TRUSTEE THRU 03/30/25	1.00	Director	$0	$0	$0
LATOYA HENRY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MARKS	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD PIERRE GAUTIER	TRUSTEE	1.00	Director	$0	$0	$0
RON RAPATALO	TRUSTEE	1.00	Director	$0	$0	$0
SHAKIRA PETIT	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN REDDY	TRUSTEE	1.00	Director	$0	$0	$0
GARLAND THOMAS-MCDAVID	CEO	40.00	Officer	$385,343	$20,737	$406,080
STERLING FLORANT	COO	40.00	Officer	$174,092	$20,265	$194,357
FREDERICK NIXON	DEAN OF CULTURE	40.00	Highest	$128,109	$17,479	$145,588
CHARLES JONES HIGH	SCHOOL PRINCIPAL THRU 10/4/2024	40.00	Highest	$171,029	$15,266	$186,295
SHAWN HARRIS	MIDDLE SCHOOL PRINCIPAL	40.00	Highest	$158,829	$11,125	$169,954
MALIKA LYONS	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$149,753	$19,554	$169,307
SHERIESE MOORE HIGH SCHOOL	ASSISTANT MANAGER THRU 11/14/2024	40.00	Highest	$131,379	$9,820	$141,199

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	$22,319,405	$25,065,381	$52,373,320	$-2,745,976
2024	$21,843,825	$22,558,204	$25,571,400	$-714,379
2023	$23,778,151	$28,503,941	$34,591,463	$-4,725,790
2022	$24,602,340	$24,387,201	$18,514,494	$215,139
2021	$23,999,201	$21,258,932	$23,750,568	$2,740,269
2020	$23,339,543	$19,589,112	$22,699,910	$3,750,431
2019	$20,552,682	$19,538,500	$18,102,123	$1,014,182
2018	$18,596,347	$14,762,237	$13,463,206	$3,834,110

BROOKLYN LABORATORY CHARTER SCHOOLS INC