July 1, 2025 – June 30, 2026
A year in the new school building
TCA purchased its campus at 1112 Broad Street in Endicott, equipped classrooms and hosted community events in the gym and cafeteria. The school took on no new debt during the year. Across all funds, revenue totaled $1,126,007 and expenses totaled $1,121,384. That left a $4,623 surplus, about four-tenths of one percent of revenue.
How the year compared
| Fiscal year ended June 30 | 2025 | 2026 |
|---|---|---|
| Contributions and grants | $1,903,597 | $447,546 |
| Program service revenue | $482,962 | $663,489 |
| Insurance proceeds | $0 | $62,277 |
| Loss on asset disposal | $0 | ($47,305) |
| Total revenue | $2,386,559 | $1,126,007 |
| Total expenses | $613,424 | $1,121,384 |
| Surplus | $1,773,135 | $4,623 |
The previous year included the community’s fundraising for the campus. Contributions and grants fell by $1,456,051 in FY2026, while program revenue rose by $180,527. Insurance proceeds and the loss on asset disposal together added $14,972 to the year’s result.
What TCA spent on the school
TCA spent $1,024,822 on school programs, about 91 cents of each expense dollar. Management and general expenses were $92,362, and fundraising cost $4,200. Together these add to $1,121,384.
Viewed by what the school paid for, compensation and benefits were the largest expense at $655,097, up $139,917 from the previous year. Occupancy cost $111,654 and school supplies cost $90,515. These amounts are already included in total expenses.
How the campus purchase changed the balance sheet
TCA began the year with much of its wealth in cash and ended it with most of its wealth in school property. Cash fell by $1,355,243, while the value of land, buildings and equipment after depreciation rose by $1,360,807. The campus will serve students for years, but its value cannot pay next month’s teachers or utility bills.
| At June 30 | 2025 | 2026 |
|---|---|---|
| Cash | $1,807,975 | $452,732 |
| Land, buildings and equipment, net | $53,854 | $1,414,661 |
| Total assets | $1,861,829 | $1,867,393 |
| Total liabilities | $2,376 | $3,317 |
| Net assets without donor restrictions | $70,517 | $1,413,419 |
| Net assets with donor restrictions | $1,788,936 | $450,657 |
| Total net assets | $1,859,453 | $1,864,076 |
Opening net assets of $1,859,453 plus the $4,623 surplus equal closing net assets of $1,864,076. Of that closing balance, $450,657 was subject to donor restrictions.
Read the previous annual report for the year ended June 30, 2025