FLORHAM PARK, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FREEDOM PREP CHARTER SCHOOL, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $19.9M in total revenue in fiscal year 2022.
TO EDUCATE RESPONSIBLE CITIZENSCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP.
FREEDOM PREP CHARTER SCHOOL PROVIDED AN EXCEPTIONAL ALTERNATIVE FOR STUDENTS AND FAMILIES OTHERWISE SLATED TO ATTEND SCHOOLS THAT TOO OFTEN DO NOT MEET THEIR NEEDS. IT EMBODIED A REFINED NO EXCUSES...
FREEDOM PREP CHARTER SCHOOL PROVIDED AN EXCEPTIONAL ALTERNATIVE FOR STUDENTS AND FAMILIES OTHERWISE SLATED TO ATTEND SCHOOLS THAT TOO OFTEN DO NOT MEET THEIR NEEDS. IT EMBODIED A REFINED NO EXCUSES APPROACH. IN ADDITION TO INCORPORATING THE TRADITIONAL ATTRIBUTES THAT RESEARCHERS HAVE PROVEN TO BE CORRELATED WITH IMPROVED STUDENT LEARNING OUTCOMES - EXTENDED SCHOOL DAYS AND YEARS, RIGOROUS COLLEGE-PREP ACADEMICS, ONGOING USE OF DATA TO INFORM INSTRUCTIONAL DECISIONS AND RESOURCE ALLOCATION, CONSISTENT CULTURAL AND ACADEMIC EXPECTATIONS, AND EXCEPTIONAL TALENT AT ALL LEVELS, FREEDOM PREP CHARTER SCHOOL WAS UNIQUE IN ITS COMMITMENT TO THREE OTHER KEY DESIGN ELEMENTS: A COMMITMENT TO EDUCATING ALL STUDENTS, IN ALL SUBJECTS IN ALL GRADES; AUTHENTIC CIVIC LEADERSHIP AND ENGAGEMENT; AND OPERATING ON PUBLIC FUNDS. THE CHARTER SCHOOL WAS AUTHORIZED TO SERVE A MAXIMUM OF 1,020 STUDENTS DURING THE 2022-2023 SCHOOL YEAR IN GRADES K-12. HOWEVER, IT ENDED THE 2022-2023 SCHOOL YEAR WITH AN ENROLLMENT OF 694 STUDENTS. IT SHOULD BE NOTED THAT EFFECTIVE JUNE 30, 2023, THE SCHOOL'S CHARTER WAS REVOKED BY THE NEW JERSEY COMMISSIONER OF EDUCATION. THEREFORE, THE CHARTER SCHOOL CEASED OPERATIONS EFFECTIVE JUNE 30, 2023.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $19,923,524 | $20,434,342 | 0.0% |
| Expenses | $20,414,104 | $19,289,771 | +0.1% |
| Net Income | $-490,580 | $1,144,571 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KRYSTIE BIRDSALL | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATTHEW DAVIDDOFF | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES FRIDIE | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ALEX JONES | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TOMAS VARELA | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ALEX ROSADO-TORRES | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| WYOMIA SCOTT | EXECUTIVE DIRECTOR | 40.00 |
Officer
Key Emp
Highest
|
$224,101 | $4,670 | $228,771 |
| AMANDA TAYLOR | PRINCIPAL | 40.00 |
Highest
|
$148,459 | $3,037 | $151,496 |
| PIA GARBUTT | PRINCIPAL | 40.00 |
Highest
|
$149,003 | $5,765 | $154,768 |
| GERMAINE TARYER | PRINCIPAL | 40.00 |
Highest
|
$124,778 | $0 | $124,778 |
| KERSTEEN FORSYTHE | HR MANAGER | 40.00 |
Highest
|
$115,119 | $0 | $115,119 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $19,923,524 | $20,414,104 | $11,273,151 | $-490,580 |
| 2022 | $20,434,342 | $19,289,771 | $12,006,247 | $1,144,571 |
| 2021 | $18,736,177 | $14,984,124 | $12,014,464 | $3,752,053 |
| 2020 | $15,874,940 | $15,455,123 | $8,425,958 | $419,817 |
| 2019 | $16,539,337 | $17,080,338 | $7,369,746 | $-541,001 |
| 2018 | $16,110,390 | $16,848,460 | $8,555,901 | $-738,070 |
Compare FREEDOM PREP CHARTER SCHOOL with other nonprofits in New Jersey and across the country.