THURGOOD MARSHALL ACADEMY (EIN 522265744) - 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

2000

Legal Domicile

Principal Officer

RAYMOND WEEDEN

Phone

2025636862

Tax Period

2022-07-01 to 2023-06-30

THURGOOD MARSHALL ACADEMY, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $11.7M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THURGOOD MARSHALL ACADEMY PREPARES HIGH SCHOOL STUDENTS FOR SUCCESS IN COLLEGE AND CIVIC LIFE THROUGH A PROGRAM FEATURING A DATA-DRIVEN CURRICULUM AND WRAP-AROUND YOUTH DEVELOPMENT SERVICE. IT TEACHES ROUGHLY 350 STUDENTS PER YEAR, MOST OF WHOM LIVE IN UNDER-RESOURCED NEIGHBORHOODS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,152,303

Program Service Revenue $8,463,846

Investment Income $67,527

Other Revenue $17,564

TOTAL REVENUE $11,701,240

Expense Breakdown

Grants Paid $22,629

Salaries & Benefits $7,754,307

Fundraising Expenses $361,073

Program Expenses $10,625,735

Other Expenses $3,714,121

TOTAL EXPENSES $11,539,307

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,701,240	$10,588,580	+0.1%
Expenses	$11,539,307	$11,803,326	0.0%
Net Income	$161,933	$-1,214,746	-1.1%

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

100

Volunteers

300

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

$361,373

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN STOEL	CHAIR OF THE BOARD OF TRUSTEES	2.00	Officer Director	$0	$0	$0
MARK HARRISON	VICE CHAIR OF THE BOARD OF TRUSTEES	2.00	Officer Director	$0	$0	$0
KENNETH JONES	TREASURER & TRUSTEE	2.00	Officer Director	$0	$0	$0
LAURENCE TELSON	SECRETARY & TRUSTEE	2.00	Officer Director	$0	$0	$0
BRUCE BERMAN	TRUSTEE	2.00	Director	$0	$0	$0
DANIELLE BIERZYNSKI	TRUSTEE	2.00	Director	$0	$0	$0
JINAH BRYANT	TRUSTEE	2.00	Director	$0	$0	$0
JEROME EPSTEIN	TRUSTEE	2.00	Director	$0	$0	$0
DAN GORDON	TRUSTEE	2.00	Director	$0	$0	$0
ALEISHA JAMES	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW ROSENBERG	TRUSTEE	2.00	Director	$0	$0	$0
RAYMOND WEEDEN	EXECUTIVE DIRECTOR	40.00	Officer	$168,177	$28,110	$196,287
DAVID SCHLOSSMAN	CHIEF OPERATING OFFICER	40.00	Officer	$139,956	$25,130	$165,086
MALIKA MAYS	HEAD OF SCHOOL	40.00	Highest	$129,443	$23,210	$152,653
TARA ALLEN	DIRECTOR OF CURRICULUM	40.00	Highest	$116,253	$19,820	$136,073
ERICA CULBREATH	TEACHER	40.00	Highest	$107,510	$17,032	$124,542
STEPHANIE BROWN	DIRECTOR OF STUDENT AFFAIR	40.00	Highest	$101,761	$16,255	$118,016
KEISHA HUTCHINSON	QUALITY ASSURANCE MANAGER	40.00	Highest	$101,710	$21,998	$123,708

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	No data	No data	No data	No data
2023	$11,701,240	$11,539,307	$16,943,260	$161,933
2022	$10,588,580	$11,803,326	$16,888,597	$-1,214,746
2021	$11,231,960	$9,936,123	$17,879,302	$1,295,837
2020	$9,704,544	$9,163,731	$17,601,205	$540,813
2019	$9,275,358	$8,942,198	$15,897,662	$333,160
2018	$9,277,256	$8,792,483	$15,490,321	$484,773

THURGOOD MARSHALL ACADEMY