EAST WACO INNOVATIVE SCHOOL DEVELOP INC (EIN 742798827) - 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

1997

Legal Domicile

Principal Officer

EMILIE CUNNINGHAM

Phone

2547548000

Tax Period

2023-09-01 to 2024-08-31

EAST WACO INNOVATIVE SCHOOL DEVELOP INC, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $12.9M in total revenue in fiscal year 2023.

Mission

RAPOPORT ACADEMY IS A FREE PUBLIC CHARTER SCHOOL SERVING GRADES PK-12. IT FOCUSES ON SERVING ECONOMICALLY DISADVANTAGED STUDENTS BY PROVIDING AN EXCEPTIONAL EDUCATION THAT PREPARES ALL STUDENTS FOR COLLEGE, CAREER, AND 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 $11,919,616

Program Service Revenue $209,553

Investment Income $119,116

Other Revenue $701,136

TOTAL REVENUE $12,949,421

Expense Breakdown

Grants Paid $68,802

Salaries & Benefits $9,509,734

Fundraising Expenses $0

Program Expenses $9,254,619

Other Expenses $3,833,794

TOTAL EXPENSES $13,412,330

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,949,421	$12,817,595	+0.0%
Expenses	$13,412,330	$13,424,191	0.0%
Net Income	$-462,909	$-606,596	-0.2%

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

229

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

$314,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILIE CUNNINGHAM	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROCHONDA FARMER-NEAL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RACHEL PATE	SECRETARY	2.00	Officer Director	$0	$0	$0
GRADY CROWSON	TREASURER	2.00	Officer Director	$0	$0	$0
CHAQUINTA FISHER	BOARD MEMBER	2.00	Director	$0	$0	$0
BENJAMIN GOMEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
AMANDA MILAM	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER NASON	BOARD MEMBER	2.00	Director	$0	$0	$0
NEIL SHANKS	BOARD MEMBER	2.00	Director	$0	$0	$0
STEFANIE WHEAT-JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ALEXIS NEUMANN	SUPERINTENDENT	40.00	Officer	$125,411	$3,654	$129,065
KATRINA CARMEAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$94,502	$3,654	$98,156
JARED GOULD	CHIEF OPERATIONS OFFICER (THRU 01/23)	40.00	Officer	$14,424	$5	$14,429
SHANNON BAKER-HOWARD	CHIEF IMPACT OFFICER	40.00	Officer	$72,646	$54	$72,700

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
2024	$12,949,421	$13,412,330	$14,561,324	$-462,909
2023	$12,817,595	$13,424,191	$12,715,770	$-606,596
2022	$11,583,492	$12,328,854	$11,327,849	$-745,362
2021	$10,991,700	$11,204,991	$12,148,117	$-213,291
2020	$8,691,225	$9,557,990	$12,013,113	$-866,765
2019	$8,922,775	$8,921,926	$13,392,002	$849
2018	$8,163,805	$8,356,952	$13,423,664	$-193,147

EAST WACO INNOVATIVE SCHOOL DEVELOP INC