BAY RIDGE PREPARATORY SCHOOL (EIN 113444169) - 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

1998

Legal Domicile

Principal Officer

CHARLES FASANO

Phone

7188338650

Tax Period

2023-09-01 to 2024-08-31

BAY RIDGE PREPARATORY SCHOOL, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $21.3M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $18.9M left a modest 11% surplus.

Mission

KINDERGARTEN THROUGH GRADE 12 PRIVATE SCHOOL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,965,718

Program Service Revenue $17,903,066

Investment Income $526,547

Other Revenue $912,477

TOTAL REVENUE $21,307,808

Expense Breakdown

Grants Paid $1,344,847

Salaries & Benefits $13,134,125

Fundraising Expenses $267,891

Program Expenses $16,617,648

Other Expenses $4,411,426

TOTAL EXPENSES $18,890,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,307,808	$17,995,413	+0.2%
Expenses	$18,890,398	$16,775,417	+0.1%
Net Income	$2,417,410	$1,219,996	+1.0%

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

132

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

$445,103

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH FASANO	TRUSTEE	1.00	Director	$0	$0	$0
DIANE BAKER	TRUSTEE	1.00	Director	$0	$0	$0
VINCENT THEURER	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT TOWNLEY	CHAIR	1.00	Officer Director	$0	$0	$0
JASON CALACANIS	TREASURER	1.00	Officer Director	$0	$0	$0
ALBERT SOLECKI	SECRETARY OF THE BOARD	1.00	Officer Director	$0	$0	$0
AMAR KUCHINAD	TRUSTEE	1.00	Director	$0	$0	$0
PERRY VAIS	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA SAADI	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES FASANO	HEAD OF SCHOOL	40.00	Officer	$398,187	$46,916	$445,103
SABINA CLIFFORD	BUSINESS MANAGER	40.00	Highest	$198,018	$40,839	$238,857
JOHN KUGLER	DIR. BRIDGE PROGRAM- UPPER	40.00	Highest	$197,554	$13,794	$211,348
CHRIS NUESELL	UPPER SCHOOL DIRECTOR	40.00	Highest	$170,151	$71,153	$241,304
JULIE MAYRING	DIRECTOR OF THE MIDDLE SCH	40.00	Highest	$173,811	$25,101	$198,912
KATHERINE GEORGE	LOWER SCHOOL DIRECTOR	40.00	Highest	$158,060	$50,581	$208,641

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
2024	$21,307,808	$18,890,398	$43,515,425	$2,417,410
2023	$17,995,413	$16,775,417	$36,027,567	$1,219,996
2022	$16,857,246	$16,142,056	$30,867,189	$715,190
2021	$17,526,209	$15,509,030	$20,620,248	$2,017,179
2020	$15,707,662	$15,042,897	$19,515,976	$664,765
2019	$15,050,935	$13,980,430	$18,101,439	$1,070,505
2018	$13,617,786	$13,173,261	$16,447,396	$444,525

BAY RIDGE PREPARATORY SCHOOL