ABILITY APPLE SCHOOL (EIN 132769303) - 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

1980

Legal Domicile

Principal Officer

JOAN COFFINO-MARRAZZO

Phone

2018788808

Tax Period

2023-09-01 to 2024-08-31

ABILITY APPLE SCHOOL, founded in 1980, is a small nonprofit in the Education sector that reported $740K in total revenue in fiscal year 2023. Expenses of $838K exceeded revenue, resulting in a 13% operating deficit.

Mission

EDUCATIONAL INSTITUTION

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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 $76,188

Program Service Revenue $656,166

Investment Income $3,355

Other Revenue $4,034

TOTAL REVENUE $739,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $405,642

Fundraising Expenses $39,098

Program Expenses $733,786

Other Expenses $432,247

TOTAL EXPENSES $837,889

Year-over-Year Comparison

	2023	2022	Change
Revenue	$739,743	$745,516	0.0%
Expenses	$837,889	$719,978	+0.2%
Net Income	$-98,146	$25,538	-4.8%

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

$59,175

Total Directors

$59,175

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN MARRAZZO	EXECUTIVE DIRECTOR	40.00	Officer Director	$59,175	$0	$59,175
CESAR VARGAS	DIRECTOR	2.00	Director	$0	$0	$0
IAN WELLES	DIRECTOR	2.00	Director	$0	$0	$0
ALEX PASKIEWICZ	DIRECTOR	2.00	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
2024	$739,743	$837,889	$470,216	$-98,146
2019	$441,649	$441,448	$12,411	$201
2018	$399,835	$412,792	$16,039	$-12,957

ABILITY APPLE SCHOOL