DESTINE PREPARATORY CHARTER SCHOOL

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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

2021

Legal Domicile

Principal Officer

RE'SHAWN ROGERS

Phone

5186182301

Tax Period

2024-07-01 to 2025-06-30

DESTINE PREPARATORY CHARTER SCHOOL, founded in 2021, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO ESTABLISH AND OPERATE A CHARTER SCHOOL TO ENSURE ACADEMIC SUCCESS FOR STUDENTS IN GRADES K-5 IN SCHENECTADY. DESTINE PREPARATORY CHARTER SCHOOL PROMISES A RIGOROUS ACADEMIC PROGRAM DRIVEN BY EQUITABLE USE OF SERVICES FOR ALL STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $3,041,188 Revenue: $3,111,278

EVERY CHILD CAN LEARN AND DESERVES A SCHOOL THAT RECOGNIZES THEIR POTENTIAL. TO FOSTER A SUPPORTIVE LEARNING ENVIRONMENT FOR ALL STUDENTS, WE CREATE INDIVIDUALIZED LEARNING PLANS IN COLLABORATION...

EVERY CHILD CAN LEARN AND DESERVES A SCHOOL THAT RECOGNIZES THEIR POTENTIAL. TO FOSTER A SUPPORTIVE LEARNING ENVIRONMENT FOR ALL STUDENTS, WE CREATE INDIVIDUALIZED LEARNING PLANS IN COLLABORATION WITH FAMILIES. THE PLANS ARE BASED ON THE SPECIFIC NEEDS OF EACH CHILD. ALL SCHOLARS SHOULD BE NURTURED AND CHALLENGED THROUGH A BROAD AND BALANCED CURRICULUM TO ACHIEVE THEIR TRUE POTENTIAL. OUR AIM IS TO CREAM STIMULATING ENVIRONMENTS THAT INSPIRE LEARNING, EVOKE CURIOSITY, AND CHALLENGE EXPECTATIONS.

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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 $390,653

Program Service Revenue $3,111,278

Investment Income $91

Other Revenue $1,747

TOTAL REVENUE $3,503,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,046,498

Fundraising Expenses $0

Program Expenses $3,041,188

Other Expenses $1,716,629

TOTAL EXPENSES $3,763,127

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,503,769	$3,073,910	+0.1%
Expenses	$3,763,127	$2,757,903	+0.4%
Net Income	$-259,358	$316,007	-1.8%

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

$143,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RE'SHAWN ROGERS	EXECUTIVE DI	40.00	Officer	$132,795	$10,993	$143,788
RAUL CASTILLO	CHAIR	2.00	Officer Director	$0	$0	$0
RAYSHEEA TURNER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHERLY ALMONTE LARE	TREASURER	2.00	Officer Director	$0	$0	$0
AISHA WHITE	SECRETARY	2.00	Officer Director	$0	$0	$0
KENNETH MAYFIELD	BOARD MEMBER	2.00	Director	$0	$0	$0
NOSA LEBARTY	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELA OSIER	BOARD MEMBER	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	$3,503,769	$3,763,127	$1,889,867	$-259,358
2024	$3,073,910	$2,757,903	$2,238,147	$316,007
2023	$1,957,884	$2,262,768	$2,356,051	$-304,884
2022	$300,338	$117,544	$522,267	$182,794