GREATER NEWARK CHARTER SCHOOL C/O G ORTEGA (EIN 134078132) - 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

2000

Legal Domicile

Principal Officer

GRACE CO-ORTEGA

Phone

9732423543

Tax Period

2024-07-01 to 2025-06-30

GREATER NEWARK CHARTER SCHOOL C/O G ORTEGA, founded in 2000, is a micro nonprofit in the Education sector that reported $3 in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $1K exceeded revenue, resulting in a 47767% operating deficit.

Mission

EFFECTIVE JULY 1, 2014, THE CHARTER SCHOOL CEASED ITS OPERATIONS AS A RESULT OF THE NON RENEWAL OF ITS CHARTER BY THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION. DURING FISCAL YEARS 2015 TO 2025, ONLY DISSOLUTION ACTIVITIES WERE CONDUCTED SUCH AS COLLECTION OF RECEIVABLES, DISPOSITION OF ASSETS OWNED BY THE CHARTER SCHOOL, AND DISPENSING OF LIABILITIES.

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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 $0

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $3

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,436

TOTAL EXPENSES $1,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3	$7	-0.6%
Expenses	$1,436	$3,358	-0.6%
Net Income	$-1,433	$-3,351	-0.6%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE CO-ORTEGA	DISSOLUTION	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	$3	$1,436	$28,092	$-1,433
2024	$7	$3,358	$29,525	$-3,351
2023	$12	$1,750	$32,876	$-1,738
2022	$5	$3,515	$34,614	$-3,510
2021	$10	$2,988	$38,124	$-2,978
2020	$52	$1,500	$125,405	$-1,448
2019	$65	$20	$126,853	$45
2018	$51	$7,150	$126,808	$-7,099

GREATER NEWARK CHARTER SCHOOL C/O G ORTEGA