FREEDOM PREP CHARTER SCHOOL

EIN: 200683866 501(c)(3) Education

FLORHAM PARK, NJ

Total Revenue
$19,923,524
Total Expenses
$20,414,104
Total Assets
$11,273,151
Net Assets
$5,220,446
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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
2005
Legal Domicile
NJ
Principal Officer
SCOTT LOEFFLER
Phone
9732967829
Tax Period
2022-07-01 to 2023-06-30

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.

Mission

TO EDUCATE RESPONSIBLE CITIZENSCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $4,887,188
Program Service Revenue $14,644,043
Investment Income $0
Other Revenue $392,293
TOTAL REVENUE $19,923,524

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,031,907
Fundraising Expenses $0
Program Expenses $13,670,067
Other Expenses $7,382,197
TOTAL EXPENSES $20,414,104

Year-over-Year Comparison

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%
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

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Governance

Voting Members
6
Independent Members
6
Employees
131
Volunteers
8

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
3
$228,771
Total Directors
6
$0
Key Employees
1
$228,771
Highest Compensated
5
reported
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
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
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
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