LAMAD ACADEMY CHARTER SCHOOL (EIN 833026763) - 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

ALFRED COCKFIELD

Tax Period

2024-07-01 to 2025-06-30

LAMAD ACADEMY CHARTER SCHOOL, founded in 2018, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

LAMAD ACADEMY CHARTER SCHOOL'S MISSION IS TO PREPARE AND INSPIRE STUDENTS TO SUCCESSFULLY AND ENTHUSIASTICALLY PURSUE MATHEMATICS AND SCIENCE EDUCATON IN THEIR SECONDARY AND POST-SECONDARY CAREERS. WITH AMERICAN ECONOMIC AND NATIONAL SECUIRTY DEPENDENT ON THE DEVELOPMENT OF A SCIENTIFICALLY-TRAINED AND TECHNICALLY-SKILLED WORKFORCE, LAMAD ACADEMY WILL GRADUATE A CADRE OF SUCH FUTURE TALENT BY IMMERSING ITS STUDENTS IN AN ACADEMICALLY RIGOROUS STANDARD-BASED CURRICULUM WITH A PRINCIPAL EMPHASIS ON MATHEMATICS AND SCIENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $311,613

Program Service Revenue $3,576,964

Investment Income $57

Other Revenue $0

TOTAL REVENUE $3,888,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,617,845

Fundraising Expenses $3,202

Program Expenses $3,897,818

Other Expenses $1,880,464

TOTAL EXPENSES $4,498,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,888,634	$4,528,114	-0.1%
Expenses	$4,498,309	$4,557,807	0.0%
Net Income	$-609,675	$-29,693	+19.5%

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

$422,062

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFRED COCKFIELD	CEO	40.00	Officer	$155,437	$7,349	$162,786
Olympia Haynes	ActingPrincipal	40.00	Officer	$154,363	$7,060	$161,423
Nathalie Charles	Science Teacher	40.00		$102,607	$6,556	$109,163
Michael Seabrook	Dir. of Operat.	40.00	Officer	$91,031	$6,822	$97,853
David Brecher	Treasurer	2.00	Officer Director	$0	$0	$0
RUBAIN DORANCY	Board Chair	2.00	Officer Director	$0	$0	$0
Marsha Escayg	Secretary	2.00	Officer Director	$0	$0	$0
ABENAA FREMPONG-BOADU	Trustee	2.00	Director	$0	$0	$0
Gregorio Mayers	Vice Chair	2.00	Officer Director	$0	$0	$0
KENNETH HALPERIN	Trustee	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	$3,888,634	$4,498,309	$839,375	$-609,675
2024	$4,528,114	$4,557,807	$1,313,358	$-29,693
2023	$4,751,507	$4,240,949	$1,449,696	$510,558
2022	$2,390,585	$2,674,437	$1,000,628	$-283,852
2021	$1,619,677	$1,825,873	$1,205,731	$-206,196
2020	$1,187,362	$554,142	$916,597	$633,220

LAMAD ACADEMY CHARTER SCHOOL