NEW DESIGNS CHARTER SCHOOL

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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

2003

Legal Domicile

Principal Officer

PAUL OKAITEYE

Phone

2137659084

Tax Period

2022-07-01 to 2023-06-30

NEW DESIGNS CHARTER SCHOOL, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $23.4M in total revenue in fiscal year 2022. Expenses of $22.2M left a modest 5% surplus.

Mission

EDUCATIONAL

Program Service Accomplishments

Program 1

Expenses: $13,979,407

THE SCHOOL WAS ABLE TO EDUCATE APPROXIMATELY 1,250 CHILDREN IN GRADES SIX THROUGH TWELVE, GIVING THEM HOPE IN A NEIGHBORHOOD WHERE HOPE DOES NOT EXIST. THE GRADUATING STUDENTS WERE BALE TO GO ON TO VARIOUS UNIVERSITIES AND COLLEGES THAT THEY DID NOT DREAM OF GOING TO. THE SCHOOL HAS MADE A POSITIVE IMPACT ON THIS COMMUNITY AS A WHOLE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $23,283,106

Program Service Revenue $0

Investment Income $149,875

Other Revenue $0

TOTAL REVENUE $23,432,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,707,122

Fundraising Expenses $0

Program Expenses $13,979,407

Other Expenses $11,533,262

TOTAL EXPENSES $22,240,384

Year-over-Year Comparison

	2022	2021	Change
Revenue	$23,432,981	$22,376,572	+0.0%
Expenses	$22,240,384	$22,072,563	+0.0%
Net Income	$1,192,597	$304,009	+2.9%

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

128

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

$581,747

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL OKAITEYE	CEO	40.00	Officer	$319,607	$108,379	$427,986
STEPHEN GYESAW	PRINCIPAL	40.00		$149,940	$43,220	$193,160
EDWARD FRIMPONG	DIRECTOR OF HR	40.00		$136,752	$53,705	$190,457
HAZEL ROJAS	DIR EDUCATION SERV	40.00		$140,044	$37,159	$177,203
SAMUEL KYEREMATEN	Executive Dir.	40.00	Officer	$115,256	$38,505	$153,761
FELIX AGYEI	DATA ANALYST	40.00		$116,779	$35,053	$151,832
EVELYN ALCOS	TEACHER	40.00		$112,059	$30,149	$142,208
LLOYD MCKINNEY	President	2.00	Officer Director	$0	$0	$0
SHELDON ZASLANSKY	Treasurer	2.00	Officer Director	$0	$0	$0
DEREK AKROFI	Secretary	2.00	Officer Director	$0	$0	$0
DIEGO ABBA	Director	2.00	Director	$0	$0	$0
KOJO ESSIEN	Director	2.00	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	No data	No data	No data	No data
2023	$23,432,981	$22,240,384	$104,852,558	$1,192,597
2022	$22,376,572	$22,072,563	$57,866,509	$304,009
2021	$20,507,111	$17,787,213	$56,545,069	$2,719,898
2020	$19,534,900	$19,223,502	$10,610,248	$311,398
2019	$19,468,965	$17,915,640	$13,628,436	$1,553,325