CHARLESTON CLASSICAL SCHOOL (EIN 842272370) - 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

2019

Legal Domicile

Principal Officer

Marie U Owens

Phone

8439523839

Tax Period

2024-08-01 to 2025-07-31

CHARLESTON CLASSICAL SCHOOL, founded in 2019, is a small nonprofit in the Education sector that reported $304K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $339K exceeded revenue, resulting in a 12% operating deficit.

Mission

K-12 school. We began teaching in 2021 with 11 students in K-2. Today we have 28 students enrolled for grades K-5 and are positioned to continue to grow.

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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 $277,486

Program Service Revenue $26,015

Investment Income $0

Other Revenue $0

TOTAL REVENUE $303,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,212

Fundraising Expenses $4,822

Program Expenses $255,548

Other Expenses $66,861

TOTAL EXPENSES $338,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,501	$396,692	-0.2%
Expenses	$338,711	$336,108	+0.0%
Net Income	$-35,210	$60,584	-1.6%

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

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
Marie Owens	Board Member Head of School	60.00	Director Key Emp	$0	$0	$0
Richard Owens	Board Chair	8.00	Officer Director	$0	$0	$0
Ron Hemingway	Board Member	5.00	Director	$0	$0	$0
Emily Plummer	Secretary	5.00	Officer Director	$0	$0	$0
Ranya Bailey	Board Member	5.00	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	$303,501	$338,711	$78,440	$-35,210
2024	$396,692	$336,108	$114,754	$60,584
2023	$296,987	$298,363	$59,448	$-1,376

CHARLESTON CLASSICAL SCHOOL