The Chelsea School (EIN 521072280) - 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

1976

Legal Domicile

Principal Officer

Kristal Weems-Bradner

Phone

2404672100

Tax Period

2024-07-01 to 2025-06-30

The Chelsea School, founded in 1976, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $4.0M exceeded revenue, resulting in a 29% operating deficit.

Mission

Chelsea School educates promising students with specific language-based learning differences in a rigorous, individualized college preparatory environment to become lifelong, independent learners.

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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 $22,063

Program Service Revenue $3,009,370

Investment Income $89,832

Other Revenue $0

TOTAL REVENUE $3,121,265

Expense Breakdown

Grants Paid $94,632

Salaries & Benefits $2,914,973

Fundraising Expenses $83,699

Program Expenses $3,330,558

Other Expenses $1,022,082

TOTAL EXPENSES $4,031,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,121,265	$3,996,622	-0.2%
Expenses	$4,031,687	$3,819,523	+0.1%
Net Income	$-910,422	$177,099	-6.1%

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

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

$405,295

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank Mills	Executive Director	40.00	Officer	$119,447	$13,891	$133,338
Jeff Green	Director of Finance	45.00	Officer	$91,728	$10,413	$102,141
Kristal Weems-Bradner	Head of School	40.00	Officer	$155,925	$13,891	$169,816
Melina Aybar	Director	2.00	Director	$0	$0	$0
Beth Brittan-Powell	Director	2.00	Director	$0	$0	$0
Kertisha Dixon	Director	2.00	Director	$0	$0	$0
Nadine Dominique	Director	2.00	Director	$0	$0	$0
Chana Kramer	Director	2.00	Director	$0	$0	$0
Chris Casey	Chair/Treasurer	2.00	Officer Director	$0	$0	$0
Michelle Freeman	Secretary	2.00	Officer 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	$3,121,265	$4,031,687	$4,450,529	$-910,422
2024	$3,996,622	$3,819,523	$5,544,815	$177,099
2023	$3,844,329	$3,951,868	$5,670,598	$-107,539
2022	$3,493,123	$3,718,796	$4,404,385	$-225,673
2021	$3,632,432	$3,493,879	$5,207,699	$138,553
2020	$3,258,504	$3,498,033	$4,862,120	$-239,529
2019	$3,040,507	$3,362,752	$4,942,701	$-322,245

The Chelsea School