MIDDLESEX COUNTY STEM CHARTER SCHOOL (EIN 824816745) - 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

2018

Legal Domicile

Principal Officer

Namik Sercan

Phone

8482421818

Tax Period

2022-07-01 to 2023-06-30

MIDDLESEX COUNTY STEM CHARTER SCHOOL, founded in 2018, is a community nonprofit in the Education sector that reported $7.8M in total revenue in fiscal year 2022. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $7.1M left a modest 9% surplus.

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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 $7,799,916

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,799,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,107,921

Fundraising Expenses $0

Program Expenses $5,762,953

Other Expenses $1,954,522

TOTAL EXPENSES $7,062,443

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,799,916	$5,584,852	+0.4%
Expenses	$7,062,443	$4,956,021	+0.4%
Net Income	$737,473	$628,831	+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

142

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

$142,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Namik Sercan	CEO	020.00	Officer	$92,000	$0	$92,000
Ms Fiona Daubon	SBA	020.00	Officer	$50,000	$0	$50,000
Mrs Jackie Lewis	President	003.00	Director	$0	$0	$0
Mr Anthony Attanasio	Vice President	003.00	Director	$0	$0	$0
Mr John Cascarano	Member	003.00	Director	$0	$0	$0
Mr David Vitali	Member	003.00	Director	$0	$0	$0
Ms Jessenia Morales	Member	003.00	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	$7,799,916	$7,062,443	$2,771,423	$737,473
2022	$5,584,852	$4,956,021	$2,080,922	$628,831
2021	$4,048,669	$2,903,263	$2,241,479	$1,145,406
2020	$2,842,452	$2,402,195	$673,567	$440,257
2019	$1,179,283	$1,232,257	$229,933	$-52,974

MIDDLESEX COUNTY STEM CHARTER SCHOOL