VILLAGE ACADEMIES NETWORK INC

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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

DEBORAH A KENNY

Phone

6468129500

Tax Period

2023-07-01 to 2024-06-30

VILLAGE ACADEMIES NETWORK INC, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $13.7M in total revenue in fiscal year 2023. Revenue surged 93% from the prior year, signaling strong growth momentum. Expenses of $12.0M left a modest 12% surplus.

Mission

TO PROMOTE THE COMMON GOOD THROUGH THE ADVANCEMENT OF EDUCATION FOR CHILDREN IN DISADVANTAGED AND LOW INCOME COMMUNITIES; SUCH ADVANCEMENT INCLUDES RESEARCH, DEVELOPMENT, AND TRAINING ON CURRICULUM AND INSTRUCTIONAL PRACTICE, THE PROVISION OF CHARITABLE AND EDUCATIONAL SERVICES, AND THE DESIGN OF A MODEL PUBLIC SCHOOL SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $10,370,246 Revenue: $3,777,018

THE ORGANIZATION SUPPORTED THE NETWORK OF HARLEM VILLAGE ACADEMIES SCHOOLS THROUGH ENRICHMENT PROGRAMS, EDUCATIONAL MATERIALS, PROFESSIONAL DEVELOPMENT, TEACHER RECRUITING, CURRICULUM AND STANDARDS DEVELOPMENT, FAMILY AND COMMUNITY OUTREACH, AND OPERATIONAL SUPPORT SERVICES, INCLUDING FISCAL MANAGEMENT SUPPORT.

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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 $9,622,715

Program Service Revenue $3,777,018

Investment Income $606,561

Other Revenue $-354,865

TOTAL REVENUE $13,651,429

Expense Breakdown

Grants Paid $1,775,463

Salaries & Benefits $5,297,960

Fundraising Expenses $949,967

Program Expenses $10,370,246

Other Expenses $4,925,517

TOTAL EXPENSES $11,998,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,651,429	$7,083,616	+0.9%
Expenses	$11,998,940	$9,882,348	+0.2%
Net Income	$1,652,489	$-2,798,732	-1.6%

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

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

$981,571

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY MAYER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN LEGEND	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFFREY VERSCHLEISER	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
KOFI APPENTENG	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
KATIE COURIC	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN GRAY	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN HORING	DIRECTOR	1.00	Director	$0	$0	$0
HUGH JACKMAN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS L KEMPNER JR	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
LORI MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JANE OCH	DIRECTOR	1.00	Director	$0	$0	$0
FIONA RUDIN	DIRECTOR	1.00	Director	$0	$0	$0
SAMIRA SINE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WILPON	DIRECTOR	1.00	Director	$0	$0	$0
MELBA WILSON	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH A KENNY	CHIEF EXECUTIVE OFFICER	40.00	Officer	$696,243	$29,875	$726,118
CHARLES KLEIN	VICE PRESIDENT OF FINANCE	40.00	Officer	$235,444	$20,009	$255,453
PAUL LOMEDICO	EXTERNAL AFFAIRS & ADMIN DIRECTOR	40.00	Highest	$187,042	$19,191	$206,233
INBAR SCHWARTZ	COLLEGE ALUMNI DIRECTOR	40.00	Highest	$148,687	$20,472	$169,159
GAYLE AMATO	EXECUTIVE ASSISTANT	40.00	Highest	$150,201	$6,839	$157,040
EDDIE FREEL	SECURITY OFFICER	40.00	Highest	$137,808	$6,130	$143,938
GARRETT BLOCK	MANAGING DIR. NETWORK OPERATIONS	40.00	Highest	$128,008	$16,661	$144,669

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	$13,651,429	$11,998,940	$53,780,065	$1,652,489
2024	No data	No data	No data	No data
2023	$7,083,616	$9,882,348	$54,753,958	$-2,798,732
2023	$7,083,616	$9,882,348	$54,753,958	$-2,798,732
2022	$4,658,848	$5,531,948	$57,895,733	$-873,100
2021	$10,349,955	$4,447,638	$59,386,631	$5,902,317
2020	$4,240,381	$4,918,586	$55,640,357	$-678,205
2019	$5,821,884	$6,117,705	$56,230,169	$-295,821
2018	$6,841,879	$7,103,359	$57,200,255	$-261,480