HARDY WILLIAMS ACADEMY CHARTER SCHOOL (EIN 522173268) - 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

1998

Legal Domicile

Principal Officer

DR JOEL BOYD

Phone

2158669000

Tax Period

2024-07-01 to 2025-06-30

HARDY WILLIAMS ACADEMY CHARTER SCHOOL, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $29.3M in total revenue in fiscal year 2024. Expenses of $26.2M left a modest 11% surplus.

Mission

STUDENTS LEARN THE SKILLS NEEDED FOR POST-SECONDARY SUCCESS AND ARE ABLE TO PURSUE THEIR DREAMS.

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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 $3,875,842

Program Service Revenue $24,737,962

Investment Income $721,563

Other Revenue $826

TOTAL REVENUE $29,336,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,532,936

Fundraising Expenses $0

Program Expenses $21,970,301

Other Expenses $13,705,664

TOTAL EXPENSES $26,238,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,336,193	$30,093,722	0.0%
Expenses	$26,238,600	$23,008,323	+0.1%
Net Income	$3,097,593	$7,085,399	-0.6%

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

161

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

$433,093

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERRY EMERY	TREASURER	0.50	Officer Director	$0	$0	$0
SUZANNE BIEMILLER	SECRETARY	0.50	Officer Director	$0	$0	$0
SHEREDA CROMWELL	BOARD MEMBER	0.50	Director	$0	$0	$0
HOSEA HARVEY	BOARD MEMBER	0.50	Director	$0	$0	$0
MARKIDA ROSS	BOARD MEMBER	0.50	Director	$0	$0	$0
JUDITH TSCHIRGI	BOARD MEMBER	0.50	Director	$0	$0	$0
ROY WADE	BOARD MEMBER	0.50	Director	$0	$0	$0
JUSTIN MELTZER	PRINCIPAL	40.00	Officer	$178,584	$73,273	$251,857
MARSHA RAMDEEN	PRINCIPAL	40.00	Officer	$166,339	$14,897	$181,236
SULAIMAN RAHMAN	EX-OFFICIO CHAIR	0.50	Officer	$0	$0	$0
ROBERT VICTOR	EX-OFFICIO CHAIR (UNTIL 12/24)	0.50	Officer	$0	$0	$0
MEREDITH GUILLOT	ASST PRINCIPAL OF SPEC SERVICES	40.00	Highest	$119,318	$67,968	$187,286
ATTIYA TONEY	ASST PRINCIPAL OF SCHOOL CULTURE	40.00	Highest	$127,064	$59,239	$186,303
JEANNINE CUSTIS	ASST PRINCIPAL/DIR OF OPERATIONS	40.00	Highest	$112,538	$31,750	$144,288
DWAYNE GRAYSON	ASST PRINCIPAL OF SCHOOL CULTURE	40.00	Highest	$113,535	$20,846	$134,381
RICHARD SPARGO	ASST PRINCIPAL/DIR OF OPERATIONS	40.00	Highest	$116,840	$5,695	$122,535

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	$29,336,193	$26,238,600	$32,584,473	$3,097,593
2024	$30,093,722	$23,008,323	$29,239,271	$7,085,399
2023	$24,578,683	$22,582,715	$20,299,720	$1,995,968
2022	$23,698,260	$21,093,715	$21,210,731	$2,604,545
2021	$21,116,496	$16,425,910	$18,103,588	$4,690,586
2020	$20,090,255	$17,317,423	$15,566,727	$2,772,832
2019	$20,030,149	$17,492,187	$14,750,613	$2,537,962
2018	$18,619,388	$16,947,139	$14,734,390	$1,672,249

HARDY WILLIAMS ACADEMY CHARTER SCHOOL