EASTSIDE CHARTER SCHOOL

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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

1997

Legal Domicile

Principal Officer

JOCELYN STEWART

Phone

3027625834

Tax Period

2024-07-01 to 2025-06-30

EASTSIDE CHARTER SCHOOL, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $13.5M in total revenue in fiscal year 2024. Expenses of $12.2M left a modest 10% surplus.

Mission

THE MISSION OF EASTSIDE CHARTER SCHOOL IS TO EDUCATE CHILDREN IN A SAFE, CARING AND NURTURING ENVIRONMENT SO THAT THEY CAN EXCEL ACADEMICALLY AND SOCIALLY. WE BELIEVE THAT ALL CHILDREN ARE CAPABLE OF MASTERING CONTENT STANDARDS AND MEETING SOCIAL EXPECTATIONS WHEN THEY HAVE THOROUGH UNDERSTANDING, ADEQUATE TIME AND APPROPRIATE SUPPORT. STUDENTS ARE VIEWED AS INDIVIDUALS AND EVERY EFFORT IS MADE TO ACCOMMODATE EACH CHILD'S UNIQUE GIFTS AND TALENTS.

Program Service Accomplishments

Program 1

Expenses: $7,853,223 Revenue: $3,556

EASTSIDE CHARTER SCHOOL OPERATES A K TO 8TH GRADE URBAN PUBLIC CHARTER SCHOOL SERVING 446 STUDENTS IN NORTHEAST WILMINGTON, DELAWARE, ONE OF THE POOREST AREAS IN THE STATE ABOUT 82% OF THE STUDENTS QUALIFY FOR FREE OR REDUCED LUNCH UNDER FEDERAL GUIDELINES. THE SCHOOL'S GOALS ARE TO PREPARE STUDENTS TO BE CRITICAL THINKERS, TO INSTILL IN THEM A LOVE OF LEARNING, AND TO SHAPE THEM AS PRODUCTIVE, CONTRIBUTING MEMBER OF SOCIETY. AMONG THE STRATEGIES IMPLEMENTED TO ACCOMPLISH THESE GOALS ARE SMALLER CLASS (AVERAGE LESS THAN 20 PER CLASSROOM), INDIVIDUAL ATTENTION TO EACH CHILD'S ACADEMIC NEEDS, APEX HONORS PROGRAM, FREE BREAKFAST AND LUNCH FOR ALL, FOCUS ON POSITIVE CHARACTER AND BEHAVIOR TRAITS, AND CONSISTENT DISCIPLINE POLICIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,975,341

Program Service Revenue $3,556

Investment Income $724,859

Other Revenue $783,801

TOTAL REVENUE $13,487,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,441,465

Fundraising Expenses $0

Program Expenses $7,853,223

Other Expenses $3,721,103

TOTAL EXPENSES $12,162,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,487,557	$13,841,656	0.0%
Expenses	$12,162,568	$12,463,691	0.0%
Net Income	$1,324,989	$1,377,965	0.0%

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

N/A

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

$229,580

Total Directors

$124,804

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINU AKEREDOLU	BOARD MEMBER	1.00	Director	$0	$0	$0
CECIL GORDON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CHARLES H TOLIVER IV	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DAVID MCBRIDE	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTYN DIIENNO	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM F FORTUNATO	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES MCDOWELL ESQ	BOARD MEMBER	15.00	Director	$0	$0	$0
SOPHIA CISLER	BOARD MEMBER	1.00	Director	$0	$0	$0
RENEE GREENE	BOARD MEMBER	1.00	Director	$0	$0	$0
KATRESE THOMAS	BOARD MEMBER	6.00	Director	$0	$0	$0
MAURICE RAGLAND	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE REARDON	BOARD MEMBER	1.00	Director	$0	$0	$0
OWEN RICCIARDI	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK TAGLIONE	TREASURER	2.00	Officer Director	$0	$0	$0
KAIRLYN MILES SMITH	TEACHER REPRESENTATIVE	40.00	Director	$97,296	$27,508	$124,804
DUSTY BLAKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
NAJWA CORUM	BOARD MEMBER	1.00	Director	$0	$0	$0
JOCELYN STEWART	BOARD MEMBER	4.00	Director	$0	$0	$0
AARON BASS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$174,003	$55,577	$229,580
MAUREEN THOMAS	DIRECTOR OF HR	40.00	Highest	$114,253	$33,373	$147,626
NICHOLAS MEDAGLIO	DIRECTOR OF FINANCE	40.00	Highest	$128,448	$33,978	$162,426
KATLYN WHELAN	DIRECTOR OF STUDENT SUPPOR	40.00	Highest	$105,403	$27,820	$133,223
STANISLAWS BOBOWSKI	DIRECTOR APEX HONORS PROGR	40.00	Highest	$147,489	$41,864	$189,353
MARCO ALBERTI	ASSISTANT PRINCIPAL	40.00	Highest	$102,692	$29,005	$131,697

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	$13,487,557	$12,162,568	$12,823,762	$1,324,989
2024	$13,841,656	$12,463,691	$12,359,632	$1,377,965
2023	$10,897,565	$10,926,414	$10,752,068	$-28,849
2022	$8,818,215	$7,880,555	$11,949,648	$937,660
2021	$7,810,738	$7,824,669	$9,042,787	$-13,931
2020	$7,487,516	$7,784,232	$5,884,379	$-296,716
2019	$7,609,400	$8,073,933	$4,035,036	$-464,533
2018	$7,202,592	$7,436,503	$3,794,736	$-233,911