DREW CHARTER SCHOOL INC (EIN 582528098) - 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

Legal Domicile

Principal Officer

JONATHAN TUGMAN

Phone

4703551200

Tax Period

2024-07-01 to 2025-06-30

DREW CHARTER SCHOOL INC, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $50.9M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

DREW CHARTER SCHOOL EDUCATES, NURTURES AND EMPOWERS ALL STUDENTS TO ACHIEVE THEIR FULL POTENTIAL AS PART OF AN EXEMPLARY, INNOVATIVE, AND EQUITY-CENTERED COMMUNITY. THE CHARTER SCHOOL EMPLOYS A STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS) CURRICULUM WITH INSTRUCTION DELIVERED THROUGH PROJECT-BASED LEARNING.

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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 $48,595,727

Program Service Revenue $1,915,735

Investment Income $412,911

Other Revenue $-25,862

TOTAL REVENUE $50,898,511

Expense Breakdown

Grants Paid $2,600

Salaries & Benefits $43,742,557

Fundraising Expenses $0

Program Expenses $47,900,733

Other Expenses $12,235,992

TOTAL EXPENSES $55,981,149

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,898,511	$57,509,077	-0.1%
Expenses	$55,981,149	$55,229,628	+0.0%
Net Income	$-5,082,638	$2,279,449	-3.2%

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

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

544

Volunteers

194

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

$1,203,672

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN TUGMAN	CHAIR	10.00	Officer Director	$0	$0	$0
DEIRDRA GLOVER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
KRISTIN MYERS	TREASURER	3.00	Officer Director	$0	$0	$0
LAURA BOLLMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
ALTHEA BROUGHTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE WOODLING	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY ETHRIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
ILHAM ASKIA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MAJORS	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE MCCLENDON	BOARD MEMBER	1.00	Director	$0	$0	$0
REINA JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
RODNEY SANDERS	BOARD MEMBER	1.00	Director	$0	$0	$0
S GORDON MOORE JR	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON LONGINO	BOARD MEMBER	1.00	Director	$0	$0	$0
TEANIESE DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
TONIA DURDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARISSE RICHARDSON	CHIEF STRATEGY OFFICER	40.00	Officer	$169,754	$45,507	$215,261
JULIE KORIAKIN	CHIEF OPERATING OFFICER	40.00	Officer	$174,092	$66,636	$240,728
KEISHA HANCOCK	CHIEF ACADEMIC OFFICER	40.00	Officer	$166,902	$61,254	$228,156
LEONARDO FREYRE	CHIEF FINANCIAL OFFICER	40.00	Officer	$176,325	$67,590	$243,915
PETER MCKNIGHT	HEAD OF SCHOOL	40.00	Officer	$201,417	$74,195	$275,612
CYNTHIA GUNNER	PRINCIPAL, JUNIOR ACADEMY	40.00	Highest	$168,826	$45,146	$213,972
COURTNEY BRYANT-GERHARDT	SENIOR DIRECTOR OF STEAM	40.00	Highest	$147,284	$46,552	$193,836
RACHEL KANEY	MANAGING DIRECTOR OF COLLEGE	40.00	Highest	$138,127	$62,851	$200,978
KENDRICK MYERS	PRINCIPAL, SENIOR ACADEMY	40.00	Highest	$172,008	$67,384	$239,392
MONISHAE M O'NEILL	PRINCIPAL, ELEM ACADEMY	40.00	Highest	$174,503	$69,229	$243,732

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	$50,898,511	$55,981,149	$37,201,864	$-5,082,638
2024	$57,509,077	$55,229,628	$41,958,944	$2,279,449
2023	$50,886,313	$45,743,283	$38,785,625	$5,143,030
2022	$41,952,542	$38,094,637	$34,692,137	$3,857,905
2021	$37,942,737	$31,815,452	$30,082,756	$6,127,285
2020	$32,554,302	$30,868,762	$28,800,151	$1,685,540
2019	$28,273,543	$28,863,334	$22,290,959	$-589,791
2018	$25,980,796	$26,661,349	$22,929,555	$-680,553

DREW CHARTER SCHOOL INC