BREAKTHROUGH CHARTER SCHOOL (EIN 851052118) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

DARREN RAMALHO

Phone

3342479577

Tax Period

2023-10-01 to 2024-09-30

BREAKTHROUGH CHARTER SCHOOL, founded in 2019, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2022. Expenses of $4.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

BREAKTHROUGH CHARTER SCHOOL IS A DIVERSE-BY-DESIGN K-12 SCHOOL EMPHASIZING PROJECT-BASED LEARNING, SERVICE LEARNING, AND SOCIAL EMOTIONAL DEVELOPMENT ROOTED IN A RIGOROUS, ALIGNED CURRICULUM. BREAKTHROUGH CAPITALIZES ON ITS PARTNERSHIPS WITH MARION MILITARY INSTITUTE AND OTHER COMMUNITY STAKEHOLDERS TO ENSURE THAT STUDENTS HAVE ACCESS TO BEST-IN-CLASS LEADERSHIP TRAINING AND RESOURCES AND TO ESTABLISH CLEAR POSTSECONDARY PATHWAYS FOR STUDENTS TO THRIVE IN THE COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,900,447

Program Service Revenue $45,395

Investment Income $1,749

Other Revenue $41,516

TOTAL REVENUE $6,989,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,183,642

Fundraising Expenses $0

Program Expenses $5,460,849

Other Expenses $2,021,867

TOTAL EXPENSES $6,205,509

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,989,107	$3,849,627	+0.8%
Expenses	$6,205,509	$4,260,670	+0.5%
Net Income	$783,598	$-411,043	-2.9%

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

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

$286,213

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT DEMPSEY	VICE CHAIR	5.00	Director	$0	$0	$0
WENDELL CREWS	CHAIR	5.00	Director	$0	$0	$0
DR DAVID T MARSHALL	BOARD MEMBER	5.00	Director	$0	$0	$0
SUZANNE MCKEE	BOARD MEMBER	5.00	Director	$0	$0	$0
CARMON PAIGE-FIELDS	BOARD MEMBER	5.00	Director	$0	$0	$0
KRISTA WALLACE	BOARD MEMBER	5.00	Director	$0	$0	$0
DARREN RAMALHO	HEAD OF SCHOOL	40.00	Officer	$75,434	$18,348	$93,782
ALICE BARTON	PRINCIPAL	40.00	Officer	$63,633	$18,330	$81,963
WILLIE SHEARS JR	ASST PRINCIPAL	40.00	Officer	$24,561	$6,327	$30,888
KEVIN TIMMS	DIRECTOR OF OPERATIONS	40.00	Officer	$62,307	$17,273	$79,580

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
2024	$6,989,107	$6,205,509	$8,028,966	$783,598
2024	$6,597,609	$4,976,839	$3,536,979	$1,620,770
2023	$3,850,442	$4,378,924	$5,403,295	$-528,482

BREAKTHROUGH CHARTER SCHOOL