CHRISTIAN MONTESSORI SCHOOL OF LAKE NORMAN (EIN 562167010) - 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

1999

Principal Officer

WILBURN OZIOGU

Phone

7048751801

Tax Period

2023-08-01 to 2024-07-31

CHRISTIAN MONTESSORI SCHOOL OF LAKE NORMAN, founded in 1999, is a small nonprofit in the Education sector that reported $871K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $817K left a modest 6% surplus.

Mission

IT IS OUR MISSION TO PROVIDE A MONTESSORI EDUCATION THAT CELEBRATES THE INDIVIDUAL GIFTS OF THE CHILD, NURTURES A PASSION FOR LEARNING BIBLICAL PRINCIPLES AND EQUIPS CHILDREN FOR ACADEMIC EXCELLENCE AND DISCIPLESHIP.

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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 $140,017

Program Service Revenue $713,934

Investment Income $17,008

Other Revenue $0

TOTAL REVENUE $870,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $611,617

Fundraising Expenses $0

Program Expenses $791,319

Other Expenses $205,527

TOTAL EXPENSES $817,144

Year-over-Year Comparison

	2023	2022	Change
Revenue	$870,959	$1,131,193	-0.2%
Expenses	$817,144	$845,136	0.0%
Net Income	$53,815	$286,057	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRETCHEN BARRETT	OFFICER	N/A	Officer	$0	$0	$0
WHITNEY CHALCAS	VICE PRESIDE	N/A	Officer	$0	$0	$0
KEVIN DEPARTHY	OFFICER	N/A	Officer	$0	$0	$0
CHARLES HORTON	TREASURER	N/A	Officer	$0	$0	$0
KRISTIN MYERS	OFFICER	N/A	Officer	$0	$0	$0
WILBURN OZIOGU	PRESIDENT	N/A	Officer	$0	$0	$0
ELIZABETH SARVER	OFFICER	N/A	Officer	$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
2024	$870,959	$817,144	$567,492	$53,815
2023	$1,131,193	$845,136	$511,581	$286,057
2022	$531,250	$467,323	$238,523	$63,927
2021	$647,241	$713,596	$166,600	$-66,355
2020	$905,005	$1,016,869	$201,109	$-111,864
2019	$1,154,831	$1,043,245	$281,629	$111,586
2018	$1,011,963	$996,245	$214,811	$15,718

CHRISTIAN MONTESSORI SCHOOL OF LAKE NORMAN