Seacoast Charter Academy INC (EIN 593222344) - 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

1993

Legal Domicile

Principal Officer

Cynthia M Stremmel

Tax Period

2023-07-01 to 2024-06-30

Seacoast Charter Academy INC, founded in 1993, is a community nonprofit in the Human Services sector that reported $5.6M in total revenue in fiscal year 2023. Expenses of $5.4M left a modest 4% surplus.

Mission

TUITION FREE PUBLIC CHARTER SCHOOL SERVING STUDENTS IN KINDERGARTEN - 5TH GRADE, AND INCLUDING A PRE-KINDERGARTEN CLASSROOM AS WELL. OUR ULTIMATE GOAL IS FOR OUR STUDENTS TO NOT ONLY BE SUCCESSFUL IN SCHOOL, BUT TO BE SUCCESSFUL IN LIFE.

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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 $367,300

Program Service Revenue $5,247,138

Investment Income $0

Other Revenue $30,997

TOTAL REVENUE $5,645,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,780,568

Fundraising Expenses $25,120

Program Expenses $3,857,302

Other Expenses $2,651,808

TOTAL EXPENSES $5,432,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,645,435	N/A	N/A
Expenses	$5,432,376	N/A	N/A
Net Income	$213,059	N/A	N/A

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

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

$147,623

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cynthia M Stremmel	Administrator	40.00	Officer Highest	$138,564	$0	$147,623
Angela Gastfield	Director	1.00	Director	$0	$0	$0
Charlie F Schmitt ESQ	Chairman	3.00	Director	$0	$0	$0
Elton Brooke	Director	1.00	Director	$0	$0	$0
Nicole Smashion	Director	1.00	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	$5,645,435	$5,432,376	$2,626,422	$213,059
2023	$5,826,791	$5,156,698	$2,457,998	$670,093
2022	$4,652,121	$4,254,558	$1,773,515	$397,563
2021	$4,487,389	$4,234,195	$1,363,066	$253,194
2020	$3,832,377	$3,739,250	$1,425,235	$93,127
2019	$3,635,391	$3,617,777	$924,648	$17,614
2018	$3,650,234	$3,397,163	$933,547	$253,071

Seacoast Charter Academy INC