ACADEMY OF CHARTER SCHOOLS INC (EIN 841484574) - 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

1994

Legal Domicile

Principal Officer

Sarah Drewlow

Phone

3032898088

Tax Period

2024-07-01 to 2025-06-30

ACADEMY OF CHARTER SCHOOLS INC, founded in 1994, is a mid-sized nonprofit in the Education sector that reported $31.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.0M, a strong 16% operating margin.

Mission

Form 990 - Organizations Mission The Academy provides education to Pre-Kindergarten through 12th Grade students. The Academy serves our students to develop college ready exemplary citizens by promoting excellence in academics character and relationships.

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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 $4,153,493

Program Service Revenue $25,755,460

Investment Income $827,179

Other Revenue $469,674

TOTAL REVENUE $31,205,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,745,461

Fundraising Expenses $50,119

Program Expenses $13,460,494

Other Expenses $8,466,859

TOTAL EXPENSES $26,212,320

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,205,806	$27,548,189	+0.1%
Expenses	$26,212,320	$24,438,582	+0.1%
Net Income	$4,993,486	$3,109,607	+0.6%

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

244

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Drewlow	Member	2.00	Officer Director	$0	$0	$0
Amy McDuffee	Vice Chair	2.00	Officer Director	$0	$0	$0
Dan Klenjoski	Treasurer	2.00	Officer Director	$0	$0	$0
Autumn Coffee	Member	2.00	Officer Director	$0	$0	$0
Kevin Sanchez	Member	2.00	Director	$0	$0	$0
Larissa Fransua	Member	2.00	Director	$0	$0	$0
Kristen Cofrades	Secretary	2.00	Officer Director	$0	$0	$0
Brent Reckman	CEO	40.00	Highest	$162,557	$39,176	$201,733
Suzie Galbraith	K-12 Principal	40.00	Highest	$105,718	$25,478	$131,196
Stephanie Mann	HS Principal	40.00	Highest	$120,047	$28,931	$148,978
Roxanne Elsworth	MS Principal	40.00	Highest	$112,057	$27,006	$139,063
Sarah Gramarosa	Chief Academic Officer	40.00	Highest	$121,966	$29,394	$151,360

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	$31,205,806	$26,212,320	$63,804,065	$4,993,486
2024	$27,548,189	$24,438,582	$49,851,651	$3,109,607
2023	$25,116,538	$21,182,550	$43,061,779	$3,933,988
2022	$23,073,081	$13,013,665	$39,422,450	$10,059,416
2021	$19,787,867	$12,660,685	$40,684,239	$7,127,182

ACADEMY OF CHARTER SCHOOLS INC