CIRCLE ACADEMY (EIN 112396685) - 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

1978

Legal Domicile

Principal Officer

DAVID ESFHANI

Phone

7182295050

Tax Period

2024-07-01 to 2025-06-30

CIRCLE ACADEMY, founded in 1978, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $6.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

CIRCLE ACADEMY IS DEDICATED TO FOSTERING A SECURE AND SUPPORTIVE ENVIRONMENT FOR ITS STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $152,426

Program Service Revenue $5,513,243

Investment Income $52,024

Other Revenue $0

TOTAL REVENUE $5,717,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,593,517

Fundraising Expenses $0

Program Expenses $5,758,497

Other Expenses $2,941,931

TOTAL EXPENSES $6,535,448

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,717,693	$6,146,788	-0.1%
Expenses	$6,535,448	$5,527,395	+0.2%
Net Income	$-817,755	$619,393	-2.3%

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

N/A

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

$340,162

Total Directors

$340,162

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ESFHANI	EXECUTIVE DI	40.00	Officer Director	$340,162	$0	$340,162
MICHELLE GATT	EDUCATIONAL	40.00	Highest	$120,793	$0	$120,793
NATASHA GEULA	SECRETARY	40.00	Highest	$112,009	$0	$112,009
RICHARD BERNSTEIN	SECRETARY	1.00	Director	$0	$0	$0
ERICA DUENAS	BOARD MEMBER	1.00	Director	$0	$0	$0
BONNIE HONYA	BOARD MEMBER	1.00	Director	$0	$0	$0
PHYLLIS JORDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY A PORTNOY	CHAIRMAN OF	1.00	Director	$0	$0	$0

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	$5,717,693	$6,535,448	$6,684,235	$-817,755
2024	$6,146,788	$5,527,395	$3,359,071	$619,393
2023	$4,620,306	$3,995,137	$3,039,447	$625,169
2022	$4,501,945	$3,210,819	$2,228,360	$1,291,126
2021	$2,557,526	$1,934,195	$982,843	$623,331
2020	$2,252,293	$2,408,219	$484,002	$-155,926
2019	$2,461,400	$2,293,362	$329,590	$168,038
2018	$2,288,100	$2,225,338	$277,491	$62,762

CIRCLE ACADEMY