STATEN ISLAND ACADEMY (EIN 135600423) - 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

1908

Legal Domicile

Principal Officer

EILEEN CORIGLIANO

Phone

7189878100

Tax Period

2022-07-01 to 2023-06-30

STATEN ISLAND ACADEMY, founded in 1908, is a mid-sized nonprofit in the Education sector that reported $16.4M in total revenue in fiscal year 2022. Expenses of $15.5M left a modest 5% surplus.

Mission

STATEN ISLAND ACADEMY (SIA) IS AN INDEPENDENT, CO-EDUCATIONAL, COLLEGE PREP SCHOOL FOR PRE-K THROUGH GRADE 12.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,740,722

Program Service Revenue $14,222,747

Investment Income $134,314

Other Revenue $254,103

TOTAL REVENUE $16,351,886

Expense Breakdown

Grants Paid $2,853,058

Salaries & Benefits $9,192,013

Fundraising Expenses $354,475

Program Expenses $12,006,030

Other Expenses $3,425,089

TOTAL EXPENSES $15,470,160

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,351,886	$17,015,618	0.0%
Expenses	$15,470,160	$14,891,440	+0.0%
Net Income	$881,726	$2,124,178	-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

218

Volunteers

250

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

$379,003

Total Directors

$62,644

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH PUMA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIO VINCENT GAMBUTO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BHARATH SITHIAN	TREASURER	1.00	Officer Director	$0	$0	$0
LORENZO ANSUINI	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT ANNICHARICO	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR P AVIS	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH BIFULCO	TRUSTEE	1.00	Director	$0	$0	$0
JOAN CUSACK	TRUSTEE	1.00	Director	$0	$0	$0
ERIC DELACRUZ	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY C HARRISON	TRUSTEE	1.00	Director	$0	$0	$0
ANITA W LAREMONT	TRUSTEE	1.00	Director	$0	$0	$0
DENISE ROSSILLI	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE SAVINO	TRUSTEE/TEACHER	41.00	Director	$59,240	$3,404	$62,644
FRANK SCARANGELLO	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA ARDOLIC	TRUSTEE	1.00	Director	$0	$0	$0
ALLISON FACTOR	TRUSTEE	1.00	Director	$0	$0	$0
CORA MUNDY	TRUSTEE	1.00	Director	$0	$0	$0
MARCELLO SCIARRINO	TRUSTEE	1.00	Director	$0	$0	$0
EILEEN CORIGLIANO	HEAD OF SCHOOL	40.00	Officer	$322,084	$56,919	$379,003
DAVID GORDON	DIRECTOR OF PARC	40.00	Highest	$116,721	$7,267	$123,988
CAROLINE CRANE	DIRECTOR OF ADMISSIONS	40.00	Highest	$123,020	$23,056	$146,076
FRANK CRANE	HEAD OF UPPER SCHOOL	40.00	Highest	$126,290	$48,674	$174,964
LEA PRENDERGAST	DIRECTOR OF LOWER SCHOOL	40.00	Highest	$117,395	$6,046	$123,441
ARTHUR GRINEV	DIRECTOR OF IT	40.00	Highest	$153,713	$65,534	$219,247
ALBERT CAUZ	FORMER HEAD OF SCHOOL	0.00		$444,855	$87,735	$532,590

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	No data	No data	No data	No data
2023	$16,351,886	$15,470,160	$26,880,526	$881,726
2022	$17,015,618	$14,891,440	$26,517,766	$2,124,178
2022	$17,021,071	$14,881,341	$26,516,077	$2,139,730
2021	$12,400,020	$13,104,461	$27,282,336	$-704,441
2021	$12,340,572	$13,301,120	$26,680,386	$-960,548
2020	$13,706,512	$13,363,690	$35,451,174	$342,822
2019	$14,910,360	$13,102,228	$25,342,584	$1,808,132
2018	$17,105,909	$14,025,243	$23,432,832	$3,080,666

STATEN ISLAND ACADEMY