HARLEM VILLAGE ACADEMY EAST CHARTER SCHOOL (EIN 113661253) - 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

2002

Legal Domicile

Principal Officer

MIGDALIA ARCINIEGAS

Phone

6468129500

Tax Period

2023-07-01 to 2024-06-30

HARLEM VILLAGE ACADEMY EAST CHARTER SCHOOL, founded in 2002, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $10.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE A HIGH QUALITY COLLEGE PREPARATORY EDUCATION PRIMARILY TO DISADVANTAGED 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 (2023)

Revenue Breakdown

Contributions & Grants $852,342

Program Service Revenue $8,167,168

Investment Income $6,852

Other Revenue $0

TOTAL REVENUE $9,026,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,175,588

Fundraising Expenses $0

Program Expenses $9,857,583

Other Expenses $4,329,648

TOTAL EXPENSES $10,505,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,026,362	$12,561,636	-0.3%
Expenses	$10,505,236	$12,932,086	-0.2%
Net Income	$-1,478,874	$-370,450	+3.0%

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

Volunteers

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

$297,255

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ZWIEBEL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANDREW AUGUST	VICE CHAIR - EDUCATION	1.00	Officer Director	$0	$0	$0
ERICA NEWMAN	VICE CHAIR - OPERATIONS & COMMUNITY	1.00	Officer Director	$0	$0	$0
DANIEL PIANKO	TREASURER	1.00	Officer Director	$0	$0	$0
DEBORAH A KENNY	EXECUTIVE DIRECTOR	10.00	Officer Director	$0	$0	$0
ARIA GEE	TRUSTEE	1.00	Director	$0	$0	$0
RONALD SERNAU	TRUSTEE	1.00	Director	$0	$0	$0
MIGDALIA ARCINIEGAS	PRINCIPAL	40.00	Officer	$134,252	$22,164	$156,416
SHARI BROWN	PRINCIPAL	40.00	Officer	$129,652	$11,187	$140,839
CHUCK KLEIN	VP OF FINANCE	10.00	Officer	$0	$0	$0
DAVID LUCAS	OPERATIONS DIRECTOR	40.00	Highest	$107,601	$38,294	$145,895
LEAH LESCOUFLAIR	OPERATIONS DIRECTOR	40.00	Highest	$100,335	$15,481	$115,816
RHONDA MITCHELL	TEACHER	40.00	Highest	$107,597	$15,653	$123,250

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	$9,026,362	$10,505,236	$3,162,325	$-1,478,874
2023	$12,561,636	$12,932,086	$4,584,866	$-370,450
2023	$12,561,636	$12,932,086	$4,584,866	$-370,450
2022	$14,891,616	$13,569,080	$5,518,849	$1,322,536
2021	$13,020,370	$12,391,892	$5,904,950	$628,478
2020	$12,525,899	$12,156,716	$4,652,315	$369,183
2019	$12,183,325	$12,172,170	$2,454,785	$11,155

HARLEM VILLAGE ACADEMY EAST CHARTER SCHOOL