Elaine from CSBM discussed the monthly financials for April 2025. She reported that there had been little change in revenue or expenses from the previous month. Overall, the savings from the AP leaving and the shift of a staff member to a Director of Operations Position were $3700. It was lower than expected because there are only three more pay periods remaining, and an NFD payout was made to the former AP. There were a few expense variances and adjustments to the projection of what will be spent for the rest of the year. Overall, the school picked up $11,000 in savings from the March report to the April report. Currently, the net loss is $328,000; however, when depreciation is factored in, it reduces to $241,000. Overall, the school is trending in the right direction and is expected to reduce the net loss even further by the end of the year. TNAACS currently has 181 days of cash on hand, and our debt ratio is 1.01, which is extremely low. 

Lisa Silva shared data about the TNAACS after-school tutoring program and current enrollment trends for the 2025/2026 school year. Tutoring took place over ten weeks, three times a week, with each session lasting one hour. There were five sections of math and one section of English Language Arts (ELA). The student-to-teacher ratio was 4:1. Students were assessed a minimum of every other week using i-Ready Standards Mastery. Lisa shared that the goal was a minimum of 70% on each assessment, similar to lessons on i-Ready. The data showed that some small groups were more successful than others. For example, the second-grade cohort had an overall pass rate of 50%, while the 4th-grade cohort had an overall pass rate of 83%. Lisa also shared that attendance has an impact on student performance.  The next step is to review the students' BOY i-Ready scores and compare them to their EOY i-Ready scores, as well as examine the students' state exam scores, if applicable. 

Lisa then moved on to enrollment data for the 2025/2026 school year. She shared enrollment targets for each grade and noted that, while the number of applicants exceeded the target in many grades, the goal now was to convert those applications into actual registrations. Lisa shared that the outreach team is working very hard to engage these applicants. TNAACS currently has 208 actual students (registered and if we count the registrations in process, the number increases to 225. However, our goal is 280 students. 

Lisa shared that there was a hiring day this past Monday. Four candidates came in, and of those, three are potential hires. There is another hiring day on Tuesday of next week. Hoping to see more Upper Loop candidates as TNAACS has three Upper Loop openings.