SOUTH SHORE CHARTER SCHOOL (EIN 880604462) - 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

2022

Legal Domicile

Principal Officer

DERMOTH MATTISON

Phone

6318647000

Tax Period

2023-07-01 to 2024-06-30

SOUTH SHORE CHARTER SCHOOL, founded in 2022, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 271% from the prior year, signaling strong growth momentum.

Mission

TO CULTIVATE STUDENTS THE TENACITY, INTEGRITY, AND CURIOSITY NEEDED TO BECOME INNOVATIVE AND SOCIALLY RESPONSIBLE LEADERS, READY TO FACE AND SOLVE THE EVER-CHANGING CHALLENGES FACING OUR SOCIETY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,012,382

Program Service Revenue $2,684,579

Investment Income $0

Other Revenue $28,260

TOTAL REVENUE $3,725,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,081,406

Fundraising Expenses $0

Program Expenses $2,940,142

Other Expenses $1,640,986

TOTAL EXPENSES $3,722,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,725,221	$1,003,886	+2.7%
Expenses	$3,722,392	$981,752	+2.8%
Net Income	$2,829	$22,134	-0.9%

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

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

$229,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH BROWN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
KANIKA MOBLEY	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
ADEL HAGEB	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
MARGARET BANKS	TRUSTEE	2.00	Director	$0	$0	$0
KARLENE COWAN	TRUSTEE	2.00	Director	$0	$0	$0
ARTURO CUCHILLAS	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE HAYNES	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN WARREN	TRUSTEE	2.00	Director	$0	$0	$0
DERMOTH MATTISON	EXECUTIVE DIRECTOR	40.00	Officer	$123,995	$16,330	$140,325
RYAN MILLER	DIRECTOR OF OPERATION & FINANCE	40.00	Officer	$77,206	$11,623	$88,829

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	No data	No data	No data	No data
2024	$3,725,221	$3,722,392	$2,019,104	$2,829
2023	$1,003,886	$981,752	$663,018	$22,134
2022	$243,400	$255,854	$332,860	$-12,454

SOUTH SHORE CHARTER SCHOOL