Red Apple School Inc (EIN 593343880) - 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

1995

Legal Domicile

Principal Officer

Steve Giammichele

Phone

7278472555

Tax Period

2025-01-01 to 2025-12-31

Red Apple School Inc, founded in 1995, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Adults with Developmental Disabilities are taught daily living skills to be more independent

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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 (2025)

Revenue Breakdown

Contributions & Grants $30,747

Program Service Revenue $2,353,075

Investment Income $427

Other Revenue $-400

TOTAL REVENUE $2,383,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,867,977

Fundraising Expenses $130,802

Program Expenses $1,920,402

Other Expenses $619,738

TOTAL EXPENSES $2,487,715

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,383,849	$2,189,500	+0.1%
Expenses	$2,487,715	$2,728,277	-0.1%
Net Income	$-103,866	$-538,777	-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

$363,009

Total Directors

$27,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE GIAMMICHELE	CEOPresident	40.00	Officer	$263,500	$0	$263,500
KERRY RONDEAU	COO Secretary	40.00	Officer	$99,509	$0	$99,509
ROBERT SIMONS	Trustee	20.00	Director	$27,000	$0	$27,000
ALAN HECHT	Trustee	0.00	Director	$0	$0	$0
BOB LANGFORD	Trustee	0.00	Director	$0	$0	$0
PHIL CHESTNUT	Treasurer	0.00	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	$2,383,849	$2,487,715	$942,093	$-103,866
2024	$2,189,500	$2,728,277	$1,005,426	$-538,777
2023	$2,244,851	$2,264,621	$1,552,677	$-19,770
2022	$2,006,166	$2,103,213	$2,072,342	$-97,047
2021	$2,058,465	$1,894,604	$1,722,248	$163,861
2020	$1,731,613	$1,955,573	$1,614,385	$-223,960

Red Apple School Inc