Brookstone Schools of Mecklenburg County Brookstone Schools (EIN 562221108) - 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

JOHN A MURRAY

Phone

7043926330

Tax Period

2023-07-01 to 2024-06-30

Brookstone Schools of Mecklenburg County Brookstone Schools, founded in 2000, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $4.0M left a modest 5% surplus.

Mission

Christian school with a strong academic education for inner city underresourced students in kindergarten through eighth grade

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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 $2,308,366

Program Service Revenue $898,392

Investment Income $1,944

Other Revenue $987,604

TOTAL REVENUE $4,196,306

Expense Breakdown

Grants Paid $4,073

Salaries & Benefits $3,018,576

Fundraising Expenses $487,348

Program Expenses $2,965,725

Other Expenses $979,376

TOTAL EXPENSES $4,002,025

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,196,306	$5,838,210	-0.3%
Expenses	$4,002,025	$3,839,516	+0.0%
Net Income	$194,281	$1,998,694	-0.9%

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
JOHN A MURRAY	Executive Director	50.00	Highest	$228,522	$5,040	$233,562
WILLIAM ELMORE	Chair	1.000	Officer Director	$0	$0	$0
THERESA KASAY	Vice Chair	0.600	Officer Director	$0	$0	$0
GREGORY TAYLOR	Treasurer	0.600	Officer Director	$0	$0	$0
PATTY GRUCE	Secretary	0.800	Officer Director	$0	$0	$0
CAROLE ARDIZZONE	Director	0.500	Director	$0	$0	$0
SARA BYNE	Director	0.500	Director	$0	$0	$0
SHAUN DREYER	Director	0.500	Director	$0	$0	$0
MOLLIE FAISON	Director	0.500	Director	$0	$0	$0
ELIZABETH HARVEY	Director	0.500	Director	$0	$0	$0
DEBORAH HIX	Director	0.500	Director	$0	$0	$0
ROBERT HUGGINS	Director	0.500	Director	$0	$0	$0
ANNE ISHEE	Director	0.600	Director	$0	$0	$0
PALMER MCARTHUR	Director	0.500	Director	$0	$0	$0
WHIT MCDOWELL	Director	0.600	Director	$0	$0	$0
KEITH TRENT	Director	0.500	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	No data	No data	No data	No data
2024	$4,196,306	$4,002,025	$6,885,982	$194,281
2023	$5,838,210	$3,839,521	$8,084,537	$1,998,689
2022	$3,684,425	$3,126,493	$3,744,805	$557,932
2021	$2,879,001	$2,553,622	$3,649,504	$325,379
2019	$2,085,859	$2,017,852	$2,822,601	$68,007
2018	$2,056,369	$1,669,837	$2,672,488	$386,532

Brookstone Schools of Mecklenburg County Brookstone Schools