FAMILY LIFE ACADEMY CHARTER SCHOOLS (EIN 134170389) - 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

2001

Legal Domicile

Principal Officer

WANDA TORRES-MERCADO

Phone

7184108100

Tax Period

2023-07-01 to 2024-06-30

FAMILY LIFE ACADEMY CHARTER SCHOOLS, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $45.5M in total revenue in fiscal year 2023. Expenses of $42.5M left a modest 6% surplus.

Mission

THE FAMILY LIFE ACADEMY CHARTER SCHOOLS , TOGETHER WITH THE LATINO PASTORAL ACTION CENTER AND PARENTS, CREATES THE CONDITIONS FOR SELF EMPOWERMENT FOR ALL ITS K-12 STUDENTS TO EXCEL ACADEMICALLY, TAKE RESPONSIBILITY FOR THEIR OWN LEARNING, AND AFFIRM HUMAN VALUES, TODAY, IN COLLEGE, AND BEYOND.

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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 $10,820,337

Program Service Revenue $33,816,983

Investment Income $837,344

Other Revenue $0

TOTAL REVENUE $45,474,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,507,850

Fundraising Expenses $197,610

Program Expenses $36,514,426

Other Expenses $17,030,864

TOTAL EXPENSES $42,538,714

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,474,664	$43,781,631	+0.0%
Expenses	$42,538,714	$36,458,727	+0.2%
Net Income	$2,935,950	$7,322,904	-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

Independent Members

Employees

362

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

$584,936

Total Directors

Key Employees

$1,189,666

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIGUEL PENA	SECRETARY	1.00	Officer Director	$0	$0	$0
PEDRO ALVAREZ	TREASURER	1.00	Officer Director	$0	$0	$0
HILDA SANCHEZ	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN RIVERA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FLORENCE WOLPOFF	TRUSTEE	1.00	Director	$0	$0	$0
JANET M LERNER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN KEARNS	TRUSTEE	1.00	Director	$0	$0	$0
REV RAYMOND RIVERA	TRUSTEE	1.00	Director	$0	$0	$0
WANDA TORRES-MERCADO	CHAIR	1.00	Director	$0	$0	$0
KELLY NUNEZ	TRUSTEE	1.00	Director	$0	$0	$0
RAFAEL MCDONALD	TRUSTEE	1.00	Director	$0	$0	$0
CARLA BARRIOS ALVAREZ	P.A. PRES. - FLACS 1	1.00	Director	$0	$0	$0
ENEROLIZA CASTILLO	P.A. PRES. - FLACS 2	1.00	Director	$0	$0	$0
CAROLIN POLANCO	P.A. PRES. - FLACS 3	1.00	Director	$0	$0	$0
DIANA JIMENEZ	P.A. PRES. - FLACS MS	1.00	Director	$0	$0	$0
JOSEPH HOLLAND ESQ	TRUSTEE - THRU APRIL 2024	1.00	Director	$0	$0	$0
MARIA RODRIGUEZ	P.A. PRES. - FLACS 3 - JOINED DURIN YEAR	1.00	Director	$0	$0	$0
SUSANA RIVERA-LEON	CEO - AS OF AUGUST 2023	50.00	Officer	$75,642	$0	$75,642
MARILYN CALO	CEO - THRU JULY 2023	50.00	Officer	$283,415	$6,433	$289,848
SCOTT QUINTERO	CFO - THRU AUGUST 2023	50.00	Officer	$134,210	$18,442	$152,652
PHILIP DENG	CFO - JOINED SEPTEMBER 2023	50.00	Officer	$61,088	$5,706	$66,794
EVELYN CASTRO	COO	50.00	Key Emp	$272,228	$10,933	$283,161
RENEE WILLEMSEN-GOODE	CHIEF ACADEMIC OFFICER	50.00	Key Emp	$183,960	$7,552	$191,512
AMBAR TERRERO	MS PRINCIPAL	50.00	Key Emp	$180,113	$5,274	$185,387
RACHEL COTTO-NUNEZ	FLACS III PRINCIPAL	50.00	Key Emp	$153,033	$14,902	$167,935
JOSE MARTINEZ	HS PRINCIPAL	50.00	Key Emp	$172,692	$13,882	$186,574
NATIVIDAD MALDONADO	FLAC 1 PRINCIPAL	50.00	Key Emp	$152,657	$22,440	$175,097
CARMEN HESKEY	EXE. DIRECTOR OF HUMAN RESOURCES - JOINED DURING Y	50.00	Highest	$142,970	$5,662	$148,632
VALERIE MARCHIONNO	FLACS II PRINCIPAL	50.00	Highest	$147,441	$14,347	$161,788
PATRICIA BRUNO	HS AP	50.00	Highest	$143,612	$14,140	$157,752
REBECA WOLFE-BALBUENA	MS AP	50.00	Highest	$138,391	$27,212	$165,603
KIMBERLY CORDOVA	MS AP	50.00	Highest	$136,918	$21,332	$158,250

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
2025	No data	No data	No data	No data
2024	$45,474,664	$42,538,714	$115,204,279	$2,935,950
2023	$43,781,631	$36,458,727	$121,371,367	$7,322,904
2022	$37,090,685	$32,086,695	$24,672,479	$5,003,990
2021	$34,718,608	$28,602,773	$22,096,110	$6,115,835
2020	$30,961,313	$27,692,888	$17,752,122	$3,268,425
2019	$23,321,327	$21,829,091	$12,242,639	$1,492,236
2018	$20,469,992	$19,378,756	$8,199,577	$1,091,236

FAMILY LIFE ACADEMY CHARTER SCHOOLS