Truxton Academy Charter School

EIN: 832503414 501(c)(3) Education

Truxton, NY

Total Revenue
$1,060,789
Total Expenses
$1,325,258
Total Assets
$975,274
Net Assets
$835,361
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
Korinne L'Hommedieu
Phone
6078426252
Tax Period
2023-07-01 to 2024-06-30

Truxton Academy Charter School, founded in 2019, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

The School will cultivate an enthusiasm for learning through project based curriculum that celebrates rural life, environmental stewardship and our agricultural heritage.

Program Service Accomplishments

Program 1
Expenses: $972,753 Revenue: $939,592

REGULAR EDUCATION: The School incorporates a research-based curriculum for language arts, math, science, and social studies using a project-based approach. The School seeks to grow confident...

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REGULAR EDUCATION: The School incorporates a research-based curriculum for language arts, math, science, and social studies using a project-based approach. The School seeks to grow confident, productive, intelligent, caring students, into responsible, successful adults. All courses align with the New York State Learning Standards. This program is also funded by government contributions.

Program 2
Expenses: $88,873 Revenue: $35,469

SPECIAL EDUCATION: The School is open to all children and does not discriminate on the basis of ethnicity, national origin, gender, disability, or any other grounds that would be unlawful or deny the...

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SPECIAL EDUCATION: The School is open to all children and does not discriminate on the basis of ethnicity, national origin, gender, disability, or any other grounds that would be unlawful or deny the civil rights of any individual. In accordance with the Individuals with Disabilities Education Act, the Rehabilitation Act, and Section 504, and the Americans with Disabilities Act, the School provides a free and appropriate education, in the least restrictive environment to students with disabilities. The primary service delivery for students with special needs is inclusion. For students requiring supplemental services, the School ensures the required services are provided as outlined in the student's Individual Education Plan or 504 Plan.This program is also funded by government contributions.

Program 3
Expenses: $89,974 Revenue: $47,077

FOOD SERVICES: The School believes that healthy meals are an important part of a child's day. Breakfast and lunch are served every day. All meals are intended to meet the required New York State...

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FOOD SERVICES: The School believes that healthy meals are an important part of a child's day. Breakfast and lunch are served every day. All meals are intended to meet the required New York State Child Nutrition Standards, and the School subscribes to the New York State free and reduced priced meal program.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $38,555
Program Service Revenue $1,022,138
Investment Income $96
Other Revenue $0
TOTAL REVENUE $1,060,789

Expense Breakdown

Grants Paid $0
Salaries & Benefits $976,158
Fundraising Expenses $0
Program Expenses $1,151,600
Other Expenses $349,100
TOTAL EXPENSES $1,325,258

Year-over-Year Comparison

2023 2022 Change
Revenue $1,060,789 $1,755,508 -0.4%
Expenses $1,325,258 $1,449,360 -0.1%
Net Income $-264,469 $306,148 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
51
Volunteers
35

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
7
$108,524
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stuart Young President 3.00
Officer Director
$0 $0 $0
Krysta Austen Vice President 4.00
Officer Director
$0 $0 $0
Korinne L'Hommedieu Treasurer 10.00
Officer Director
$0 $0 $0
Thomas Brown Secretary 10.00
Officer Director
$0 $0 $0
Lucinda Denkenberger Board Member 1.00
Director
$0 $0 $0
Carol Woodhouse Board Member 2.00
Director
$0 $0 $0
Jeff Perry Board Member 2.00
Director
$0 $0 $0
Kerryanne C Schenck Head of School (through 10/23) 40.00
Officer
$59,076 $6,149 $65,225
Patricia Dawson Executive Director (beginning 01/24) 40.00
Officer
$31,724 $1,687 $33,411
Scott Anderson Principal (beginning 01/24) 40.00
Officer
$0 $9,888 $9,888
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 $1,060,789 $1,325,258 $975,274 $-264,469
2023 $1,755,508 $1,449,360 $1,301,019 $306,148
2022 $1,346,460 $1,094,997 $880,250 $251,463
2021 $1,032,442 $894,011 $644,174 $138,431
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