CHRISTIAN MONTESSORI SCHOOL OF LAKE NORMAN

EIN: 562167010 501(c)(3) Education

HUNTERSVILLE, NC

Total Revenue
$791,456
Total Expenses
$858,005
Total Assets
$476,233
Net Assets
$476,233
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Principal Officer
WHITNEY CHALCAS
Phone
7048751801
Tax Period
2024-08-01 to 2025-07-31

CHRISTIAN MONTESSORI SCHOOL OF LAKE NORMAN, founded in 1999, is a small nonprofit in the Education sector that reported $791K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

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.

Program Service Accomplishments

Program 1
Expenses: $846,777 Revenue: $776,165

THE CHRISTIAN MONTESSORI SCHOOL OF LAKE NORMAN IS A FULLY FUNCTIONING SCHOOL FOR STUDENTS BETWEEN THE AGES OF SIX WEEKS AND KINDERGARTEN. THE SCHOOL OPERATES ON THE MONTESSORU PHILOSOPHY AND...

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THE CHRISTIAN MONTESSORI SCHOOL OF LAKE NORMAN IS A FULLY FUNCTIONING SCHOOL FOR STUDENTS BETWEEN THE AGES OF SIX WEEKS AND KINDERGARTEN. THE SCHOOL OPERATES ON THE MONTESSORU PHILOSOPHY AND METHODOLOGY. THIS PHILOSOPHY AND METHODOLOGY PROMOTES THE DEVELOPMENT OF SELF MOTIVATION, INDEPENDENCE, CURIOSITY, COOPERATION AND CONCERN FOR OTHERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,208
Program Service Revenue $749,957
Investment Income $15,291
Other Revenue $0
TOTAL REVENUE $791,456

Expense Breakdown

Grants Paid $0
Salaries & Benefits $617,952
Fundraising Expenses $0
Program Expenses $846,777
Other Expenses $240,053
TOTAL EXPENSES $858,005

Year-over-Year Comparison

2024 2023 Change
Revenue $791,456 $870,959 -0.1%
Expenses $858,005 $817,144 +0.1%
Net Income $-66,549 $53,815 -2.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
16
Volunteers
N/A

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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
KRISTIN MYERS OFFICER N/A
Officer
$0 $0 $0
WILBURN OZIOGU PRESIDENT N/A
Officer
$0 $0 $0
KATELYN QUINN TREASURER/BU 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
2025 $791,456 $858,005 $476,233 $-66,549
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
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