STAMFORD ACADEMY INC

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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

2004

Legal Domicile

Principal Officer

ANDREA WELLER

Phone

2033244277

Tax Period

2019-07-01 to 2020-06-30

STAMFORD ACADEMY INC, founded in 2004, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2019.

Mission

STAMFORD ACADEMY IS A CHARTER SCHOOL THAT OPERATES AS A PUBLIC HIGH SCHOOL IN THE CITY OF STAMFORD. ITS MISSION IS TO CREATE A POSITIVE LEARNING ENVIRONMENT FOR STUDENTS WHO HAVE BEEN UNSUCCESSFUL IN THE TRADITIONAL PUBLIC SCHOOL SETTING. THE ACADEMY PURSUES THIS MISSION BY LOWERING CLASS SIZE, LENGTHENING THE SCHOOL DAY, PROVIDING MORE STRUCTURE, AND DEVELOPING STRONG RELATIONSHIPS WITH EACH STUDENT AND FAMILY.

Program Service Accomplishments

Program 1

Expenses: $2,705,711

STAMFORD ACADEMY IS A CHARTER HIGH SCHOOL SERVING GRADES 9-12. STAMFORD ACADEMY'S MISSION IS TO PROVIDE A LOVING COMMUNITY THAT MOTIVATES RESILIENT, DISENGAGED STUDENTS TO UNLOCK THEIR POTENTIAL AND TALENTS, AND EMPOWERS THEM TO SUCCEED IN SCHOOL AND IN LIFE. THROUGH A HOLISTIC APPROACH, OUR GOALS ARE TO INCREASE STUDENT ACHIEVEMENT, DECREASE CHRONIC ABSENTEEISM, AND DECREASE THE NUMBER OF IN- AND OUT-OF-SCHOOL SUSPENSIONS. THE PROGRAM SERVED 163 YOUTH FOR FISCAL YEAR 2020. THE SCHOOL CEASED OPERATIONS AT THE END OF THE 2019-2020 SCHOOL YEAR.

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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 (2019)

Revenue Breakdown

Contributions & Grants $2,900,306

Program Service Revenue $0

Investment Income $0

Other Revenue $3,431

TOTAL REVENUE $2,903,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,364,021

Fundraising Expenses $0

Program Expenses $2,705,711

Other Expenses $570,937

TOTAL EXPENSES $2,934,958

Year-over-Year Comparison

	2019	2018	Change
Revenue	$2,903,737	$2,875,508	+0.0%
Expenses	$2,934,958	$3,009,141	0.0%
Net Income	$-31,221	$-133,633	-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

$228,153

Total Directors

$98,379

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA WELLER	SCHOOL DIRECTOR	40.00	Officer	$112,374	$17,400	$129,774
MEREDITH KENNEDY	SECRETARY/SCHOOL TEACHER	40.00	Officer Director	$64,114	$34,265	$98,379
RICK D'AVINO	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL SCHLESSINGER	TREASURER	1.00	Officer Director	$0	$0	$0
MARTY BRENNAN	DIRECTOR	1.00	Director	$0	$0	$0
MARC BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
BETH GOSK	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN CARY KATZ	DIRECTOR	1.00	Director	$0	$0	$0
NOAH LAPINE	DIRECTOR THRU JUNE 26,2020	1.00	Director	$0	$0	$0
MICHAEL SCHLESSINGER	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER TARRANT	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER KOLOVOS	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
2020	$2,903,737	$2,934,958	$477,709	$-31,221
2019	$2,875,508	$3,009,141	$337,427	$-133,633
2018	$2,937,170	$2,866,191	$703,893	$70,979