CRESTHAVEN ACADEMY CHARTER SCHOOLINC (EIN 474747038) - 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

2016

Legal Domicile

Principal Officer

BRIAN FALKOWSKI

Phone

9087561234

Tax Period

2024-07-01 to 2025-06-30

CRESTHAVEN ACADEMY CHARTER SCHOOLINC, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $15.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $17.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

CRESTHAVEN ACADEMY CHARTER SCHOOL EXISTS TO PROVIDE A COMPREHENSIVE EDUCATION TO OUR SCHOLARS THAT DEVELOPS THE WHOLE CHILD THROUGH ACADEMIC EXCELLENCE, PHYSICAL WELLNESS, EMOTIONAL HEALTH AND CHARACTER ENRICHMENT.

🔒

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 $15,135,807

Program Service Revenue $117,972

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,253,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,890,857

Fundraising Expenses $0

Program Expenses $15,597,242

Other Expenses $9,252,651

TOTAL EXPENSES $17,143,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,253,779	$13,321,333	+0.1%
Expenses	$17,143,508	$11,847,410	+0.4%
Net Income	$-1,889,729	$1,473,923	-2.3%

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

117

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA HARRISON	PRESIDENT	005.00	Director	$0	$0	$0
STEVE HOCKADAY	VICE PRESIDENT	005.00	Director	$0	$0	$0
BEVERLY BLENMAN	TRUSTEE	005.00	Director	$0	$0	$0
RASHLEIGH BRUCE	TRUSTEE	005.00	Director	$0	$0	$0
KIMBERLY DORTCH	TRUSTEE	005.00	Director	$0	$0	$0
JACQUELINE BRATHWARTE WEST	TRUSTEE	005.00	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
2025	$15,253,779	$17,143,508	$4,633,174	$-1,889,729
2024	No data	No data	No data	No data
2023	$11,786,769	$9,796,796	$4,672,436	$1,989,973
2022	$9,168,968	$8,726,279	$2,901,796	$442,689
2021	$6,141,859	$5,224,697	$2,218,616	$917,162
2020	$4,817,875	$4,274,735	$1,334,642	$543,140
2019	$3,785,758	$3,343,397	$760,598	$442,361
2018	$2,529,848	$2,285,815	$317,986	$244,033

CRESTHAVEN ACADEMY CHARTER SCHOOLINC