THE ACCELERATED SCHOOLS

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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

1999

Legal Domicile

Principal Officer

GRACE LEE-CHANG CEO

Phone

3232356343

Tax Period

2022-07-01 to 2023-06-30

THE ACCELERATED SCHOOLS, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $35.9M in total revenue in fiscal year 2022. Revenue surged 40% from the prior year, signaling strong growth momentum. Net assets of $88.3M represent 30 months of operating reserves.

Mission

THE ACCELERATED SCHOOLS WERE FOUNDED ON THE BELIEF THAT EVERY CHILD SHOULD BE TREATED AS GIFTED, WITH AN EMPHASIS ON HIGH EXPECTATIONS FOR STUDENT ACHIEVEMENT, A SUPPORTIVE LEARNING ENVIRONMENT, AND EXTENSIVE PARENT INVOLVEMENT.

Program Service Accomplishments

Program 1

Expenses: $30,590,777

THE ORGANIZATION OPERATES THREE CHARTER SCHOOLS; THE ACCELERATED SCHOOL (TAS), ACCELERATED ELEMENTARY CHARTER SCHOOL (ACES), AND WALLIS ANNENBERG HIGH SCHOOL (WAHS). TAS CURRENTLY SERVES...

THE ORGANIZATION OPERATES THREE CHARTER SCHOOLS; THE ACCELERATED SCHOOL (TAS), ACCELERATED ELEMENTARY CHARTER SCHOOL (ACES), AND WALLIS ANNENBERG HIGH SCHOOL (WAHS). TAS CURRENTLY SERVES APPROXIMATELY 740 STUDENTS IN GRADES TRANSITIONAL KINDERGARTEN THROUGH EIGHT. ACES CURRENTLY SERVES APPROXIMATELY 500 STUDENTS IN GRADES TRANSITIONAL KINDERGARTEN THROUGH SIX. WAHS CURRENTLY SERVES APPROXIMATELY 450 STUDENTS IN GRADES NINE THROUGH TWELVE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $35,945,881

Program Service Revenue $0

Investment Income $-106,937

Other Revenue $34,373

TOTAL REVENUE $35,873,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,298,176

Fundraising Expenses $0

Program Expenses $30,590,777

Other Expenses $15,796,100

TOTAL EXPENSES $38,094,276

Year-over-Year Comparison

	2022	2021	Change
Revenue	$35,873,317	$25,535,162	+0.4%
Expenses	$38,094,276	$32,710,705	+0.2%
Net Income	$-2,220,959	$-7,175,543	-0.7%

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

284

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

$628,555

Total Directors

Key Employees

$982,352

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD RABINOWITZ	PRESIDENT	6.00	Director	$0	$0	$0
PETER B MORRISON	VICE PRESIDENT	2.00	Director	$0	$0	$0
LAWRENCE PICUS	TRUSTEE	2.00	Director	$0	$0	$0
BINTI P YOST	TRUSTEE	2.00	Director	$0	$0	$0
ELISABETH WEISS	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN DICKINSON	CHIEF BUSINESS OFFICER/CFO	40.00	Officer	$153,307	$443	$153,750
GRACE LEE-CHANG	CHIEF EXECUTIVE OFFICER	40.00	Officer	$223,125	$40,163	$263,288
LENITA LUGO	DIRECTOR/SECRETARY	40.00	Officer	$177,370	$34,147	$211,517
KIMBERLY CLERX	PRINCIPAL, TAS	40.00	Key Emp	$151,814	$28,530	$180,344
FRANCIS READING	DIRECTOR OF ELEMENTARY EDUCATION	40.00	Key Emp	$168,613	$32,827	$201,440
CYNTHIA FOLEY	CHIEF HR OFFICER	40.00	Key Emp	$161,798	$30,436	$192,234
ROBERT FRENCH	DIRECTOR OF HR	40.00	Key Emp	$161,984	$32,038	$194,022
KIMBERLY SHEEHAN	DIRECTOR OF OPERATIONS	40.00	Key Emp	$181,109	$33,203	$214,312
FELICIA JACKSON	ASSISTANT PRINCIPAL, TAS	40.00	Highest	$136,781	$24,621	$161,402
CARLOS GARCIA	TECHNOLOGY DIRECTOR	40.00	Highest	$147,669	$26,927	$174,596
DEBORAH ALBIN	PROGRAM SPECIALIST	40.00	Highest	$139,114	$29,035	$168,149
CARMEN RAMOS	ASSISTANT PRINCIPAL, ACES	40.00	Highest	$137,651	$26,063	$163,714
KARIN FIGUEROA	PRINCIPAL, ACES	40.00	Highest	$143,259	$27,093	$170,352

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	No data	No data	No data	No data
2023	$35,873,317	$38,094,276	$112,688,873	$-2,220,959
2022	$25,535,162	$32,710,705	$102,465,924	$-7,175,543
2021	$29,111,214	$30,117,109	$108,403,078	$-1,005,895
2020	$24,695,843	$24,878,269	$107,649,641	$-182,426
2019	$24,268,240	$22,114,193	$107,471,541	$2,154,047
2018	$22,983,714	$18,090,770	$104,874,275	$4,892,944