THOMAS A EDISON CHARTER SCHOOL OF WILMINGTON INC (EIN 510385969) - Form 990 Financial Analysis & Trantor Score

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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

MIKKEL CHRISTIE

Phone

3027781101

Tax Period

2023-07-01 to 2024-06-30

THOMAS A EDISON CHARTER SCHOOL OF WILMINGTON INC, founded in 1997, is a small nonprofit in the Education sector that reported $121K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $357K exceeded revenue, resulting in a 196% operating deficit.

Mission

FORMATION AND OPERATION OF A CHARTER SCHOOL AIMED AT IMPROVING LEARNING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $265

Program Service Revenue $0

Investment Income $700

Other Revenue $120,000

TOTAL REVENUE $120,965

Expense Breakdown

Grants Paid $22,103

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $276,596

Other Expenses $335,354

TOTAL EXPENSES $357,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,965	$293,736	-0.6%
Expenses	$357,457	$576,200	-0.4%
Net Income	$-236,492	$-282,464	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKKEL CHRISTIE	PRESIDENT	1.00	Officer Director	$0	$0	$0
EMILE BROWN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
AMI PATEL	SECRETARY	1.00	Officer Director	$0	$0	$0
WAYNE COOPER	TREASURER	1.00	Officer Director	$0	$0	$0
OLLIE JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
NICOLE HUFFNER	TEACHER MEMB	0.50	Director	$0	$0	$0
KATHLEEN CHEADLE	TEACHER MEMB	0.50	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	No data	No data	No data	No data
2024	$120,965	$357,457	$4,074,498	$-236,492
2023	$293,736	$576,200	$4,288,088	$-282,464
2022	$298,168	$484,405	$4,549,107	$-186,237
2021	$348,362	$311,982	$4,703,071	$36,380
2020	$293,663	$320,755	$4,806,156	$-27,092
2019	$468,651	$317,620	$5,073,037	$151,031
2018	$593,210	$346,844	$5,201,288	$246,366

THOMAS A EDISON CHARTER SCHOOL OF WILMINGTON INC