TEAM ACADEMY CHARTER SCHOOL INC

EIN: 010660264 501(c)(3) Education

NEWARK, NJ

Total Revenue
$174,655,411
Total Expenses
$175,584,499
Total Assets
$282,966,837
Net Assets
$34,214,079
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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
2002
Legal Domicile
NJ
Principal Officer
ERICA GROHMAN
Phone
9736220905
Tax Period
2024-07-01 to 2025-06-30

TEAM ACADEMY CHARTER SCHOOL INC, founded in 2002, is a major nonprofit in the Education sector that reported $174.7M in total revenue in fiscal year 2024.

Mission

TEAM ACADEMY CHARTER SCHOOL IS A FREE, OPEN ENROLLMENT, COLLEGE-PREPARATORY PUBLIC SCHOOL DEDICATED TO PREPARING STUDENTS IN UNDERSERVED COMMUNITIES FOR SUCCESS IN COLLEGE AND LIFE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $171,802,721
Program Service Revenue $188,664
Investment Income $1,942,914
Other Revenue $721,112
TOTAL REVENUE $174,655,411

Expense Breakdown

Grants Paid $0
Salaries & Benefits $99,781,527
Fundraising Expenses $997,003
Program Expenses $130,338,434
Other Expenses $75,802,972
TOTAL EXPENSES $175,584,499

Year-over-Year Comparison

2024 2023 Change
Revenue $174,655,411 $177,408,917 0.0%
Expenses $175,584,499 $164,995,637 +0.1%
Net Income $-929,088 $12,413,280 -1.1%
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

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Governance

Voting Members
8
Independent Members
8
Employees
1358
Volunteers
8

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM CARDEN BOARD PRESIDENT 2.00
Officer Director
$0 $0 $0
JULIE KEENAN TRUSTEE 2.00
Director
$0 $0 $0
KEVIN MORRISON TRUSTEE 2.00
Director
$0 $0 $0
RASHEEN PEPPERS TRUSTEE 2.00
Director
$0 $0 $0
VINCE MARIGNA TRUSTEE 2.00
Director
$0 $0 $0
IHSAAN BROWN TRUSTEE 2.00
Director
$0 $0 $0
TAFSHIER COSBY TRUSTEE 2.00
Director
$0 $0 $0
KAREN LEACH-TOOMER TRUSTEE 2.00
Director
$0 $0 $0
ANDREW MARTIN EXECUTIVE DIRECTOR 5.00
Officer
$0 $0 $0
ERICA GROHMAN CFO 10.00
Officer
$0 $0 $0
ANTONIA O'SULLIVAN HEAD OF SCHOOLS 40.00
Highest
$183,613 $33,116 $216,729
LISA BONNIFIELD HEAD OF SCHOOLS 40.00
Highest
$171,738 $32,816 $204,554
JENNA MARCUS HEAD OF SCHOOLS 40.00
Highest
$168,600 $33,116 $201,716
KYLE MEACHAM CHIEF OF STAFF 40.00
Highest
$170,426 $1,200 $171,626
YEPPII ESTEBAN MANAGING DIRECTOR OF SCHOOL OPERATIONS 40.00
Highest
$165,650 $1,500 $167,150
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 $174,655,411 $175,584,499 $282,966,837 $-929,088
2024 $177,408,917 $164,995,637 $269,406,142 $12,413,280
2023 $156,931,250 $150,297,552 $244,834,103 $6,633,698
2022 $143,042,988 $134,713,240 $203,861,909 $8,329,748
2021 $112,036,254 $108,478,843 $62,784,056 $3,557,411
2020 $98,943,862 $99,614,368 $45,426,525 $-670,506
2019 $92,566,192 $90,061,878 $45,736,348 $2,504,314
2018 $82,606,764 $81,277,116 $16,145,867 $1,329,648
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