BERGEN ARTS AND SCIENCE CHARTER SCHOOL (EIN 204446450) - 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

2006

Legal Domicile

Principal Officer

MUSTAFA COBAN

Phone

2017739140

Tax Period

2024-07-01 to 2025-06-30

BERGEN ARTS AND SCIENCE CHARTER SCHOOL, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $33.1M in total revenue in fiscal year 2024. Expenses of $31.0M left a modest 6% surplus.

Mission

THE MISSION OF BERGEN ARTS AND SCIENCE CHARTER SCHOOL IS TO PROVIDE THE IDEAL ENVIRONMENT FOR THE INTELLECTUAL AND SOCIAL DEVELOPMENT OF ITS STUDENTS BY UTILIZING A COMBINED EFFORT OF STUDENTS, EDUCATORS, FAMILIES AND THE COMMUNITY AS A WHOLE, AND BY PROVIDING BOUNDLESS ACADEMIC AND CO-CURRICULAR OPPORTUNITIES FOR INDIVIDUAL SKILLS AND TALENTS TO DEVELOP.

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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 (2024)

Revenue Breakdown

Contributions & Grants $31,605,409

Program Service Revenue $171,996

Investment Income $855,373

Other Revenue $429,725

TOTAL REVENUE $33,062,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,079,726

Fundraising Expenses $0

Program Expenses $22,543,100

Other Expenses $9,886,441

TOTAL EXPENSES $30,966,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,062,503	$33,227,513	0.0%
Expenses	$30,966,167	$28,909,149	+0.1%
Net Income	$2,096,336	$4,318,364	-0.5%

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

258

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

Total Directors

Key Employees

$5,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENDERSON RIVERA	BOARD PRESIDENT	2.00	Director	$0	$0	$0
ALEJANDRINA BANCH-ALMODOVAR	VICE PRESIDENT	2.00	Director	$0	$0	$0
JENNIFER YASHIRO	TRUSTEE	2.00	Director	$0	$0	$0
BEATRIZ RODRIGUEZ	TRUSTEE	2.00	Director	$0	$0	$0
LORI MANNING	TRUSTEE	2.00	Director	$0	$0	$0
ENGIN AKHOROZ	TRUSTEE	2.00	Director	$0	$0	$0
SHADENE CHAMBERS	TRUSTEE	2.00	Director	$0	$0	$0
NIHAT GUVERCIN	CHIEF SCHOOL ADMINISTRATOR	10.00	Officer Key Emp Highest	$0	$0	$0
MUSTAFA COBAN	CHIEF FINANCIAL OFFICER/SCHOOL BUSINESS ADMINISTRATOR	10.00	Officer Key Emp	$0	$0	$0
CHRISTOPHER LESSARD	TREASURER OF SCHOOL MONIES	5.00	Key Emp	$5,400	$0	$5,400
DAWN FANTASIA	ACADEMIC ENRICHMENT PROGRAM DIRECTOR	40.00	Highest	$160,372	$11,346	$171,718
UFUK ZINI	SCHOOL DIRECTOR	40.00	Highest	$142,579	$17,426	$160,005
SHEILA GOODSTEIN	SCHOOL DIRECTOR	40.00	Highest	$147,526	$17,426	$164,952
MEGI QOSHJA	SPECIAL EDUCATION PROGRAM DIRECTOR	40.00	Highest	$114,020	$7,147	$121,167
DONNA CECERE	ASSISTANT DIRECTOR OF OPERATIONS	40.00	Highest	$111,813	$12,004	$123,817

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	$33,062,503	$30,966,167	$25,863,720	$2,096,336
2024	$33,227,513	$28,909,149	$23,990,146	$4,318,364
2023	$29,038,573	$24,866,977	$19,749,552	$4,171,596
2022	$25,357,412	$22,148,126	$15,827,790	$3,209,286
2021	$21,570,680	$15,489,604	$12,632,550	$6,081,076
2020	$18,795,592	$17,329,852	$9,398,988	$1,465,740
2019	$17,636,577	$15,943,981	$7,024,292	$1,692,596
2018	$16,830,406	$16,826,984	$6,232,381	$3,422

BERGEN ARTS AND SCIENCE CHARTER SCHOOL