WAYNE STEM ACADEMY (EIN 852141526) - 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

2023

Legal Domicile

Principal Officer

TODD FORGETTE

Phone

9845206341

Tax Period

2024-07-01 to 2025-06-30

WAYNE STEM ACADEMY, founded in 2023, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $3.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDE A CHALLENGING LEARNING ENVIRONMENT IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH TO A DIVERSE STUDENT POPULATION, ENABLING THEM TO BECOME PROBLEM-SOLVING, PEACE-BUILDING, SOLUTION-FOCUSED CITIZENS. THE CURRICULUM IS DESIGNED TO STIMULATE CURIOSITY, DISCOVERY, CRITICAL THINKING, AND COLLABORATION, ENSURING STUDENTS ARE WELL-EQUIPPED TO MEET THE CHALLENGES IN THE WORLD AROUND THEM.

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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 $3,123,301

Program Service Revenue $77,708

Investment Income $0

Other Revenue $66,573

TOTAL REVENUE $3,267,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,100,153

Fundraising Expenses $0

Program Expenses $2,684,281

Other Expenses $1,592,202

TOTAL EXPENSES $3,692,355

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,267,582	$2,019,062	+0.6%
Expenses	$3,692,355	$2,886,910	+0.3%
Net Income	$-424,773	$-867,848	-0.5%

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

$66,830

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA WATTS	CHAIR	36.00	Officer Director	$0	$0	$0
CHRETIEN DUMOND	VICE CHAIR	36.00	Officer Director	$0	$0	$0
ASHLEY COSTELLO	TREASURER	18.00	Officer Director	$0	$0	$0
DAVID KERR	SECRETARY	18.00	Officer Director	$0	$0	$0
TODD FORGETTE	EXECUTIVE DIRECTOR	40.00	Officer	$66,830	$0	$66,830

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	$3,267,582	$3,692,355	$12,602,916	$-424,773
2024	$2,019,062	$2,886,910	$16,525,584	$-867,848

WAYNE STEM ACADEMY