UNITY CHARTER SCHOOL

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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

1998

Legal Domicile

Principal Officer

CONNIE SANCHEZ

Phone

9732921808

Tax Period

2024-07-01 to 2025-06-30

UNITY CHARTER SCHOOL, founded in 1998, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024. Expenses of $6.3M left a modest 7% surplus.

Mission

THE UNITY CHARTER SCHOOL (UCS) WAS CHARTERED BY THE NEW JERSEY DEPARTMENT OF EDUCATION IN JANUARY 1997 AS THE ONLY CHARTER SCHOOL THAT HAD INCLUDED A PLANNING YEAR PRIOR TO ITS OPENING. THE CHARTER SCHOOL OPENED ITS DOORS TO THE FIRST 60 STUDENTS IN GRADES K-7 IN SEPTEMBER, 1998, IN ACCORDANCE WITH ITS CHARTER. UCS MAINTAINED THAT ENROLLMENT LEVEL THROUGH THE FIRST SCHOOL YEAR. UCS NOW OPERATES A K-8 PROGRAM, IN WHICH STUDENTS THRIVE IN A MULTI-AGE LEARNING ENVIRONMENT THAT STRESSES THE IMPORTANCE OF SOCIAL AND ENVIRONMENTAL RESPONSIBILITY. WHILE ENCOURAGING EACH CHILD TO GROW ACADEMICALLY, UCS INTEGRATES PARENTS AND THE COMMUNITY TO PARTICIPATE IN CLASSROOM SUPPORT AS WELL AS THE GOVERNANCE OF THE SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $4,746,209

UNITY CHARTER SCHOOL COMPLETED ITS TWENTY-FIFTH YEAR OF OPERATION AS A KINDERGARTEN THROUGH GRADE 8 PUBLIC SCHOOL OF CHOICE WITH THE CONCLUSION OF THE 2024-2025 SCHOOL YEAR. THE CHARTER SCHOOL OFFERS A FULL RANGE OF SERVICES, EDUCATIONAL, NUTRITIONAL AND SPECIAL NEEDS, TO ALL STUDENTS GRADES K THROUGH 8. UCS ENDED THE 2024-2025 SCHOOL YEAR WITH AN ENROLLMENT OF 254 STUDENTS.UCS HOLDS WEEKLY SCHOOL MEETINGS, INCORPORATING PEER MEDIATION AND CLASS MEETINGS IN FURTHERANCE OF ITS MISSION OF COLLABORATIVE TEACHING AND GOVERNANCE. IN FURTHER ACCORDANCE WITH ITS MISSION, SUSTAINABILITY IS TAUGHT THROUGH THE INVESTIGATION OF THE EFFECTS OF HUMAN ENDEAVOR ON OUR ECOSYSTEM, USING LEARING ACTIVITIES SUCH AS FIELD TRIPS, CLASS CURRICULUM AND INDIVIDUAL RESEARCH PROJECTS. THE NJ DEPARTMENT OF EDUCATION GRANTED UCS ANOTHER RENEWAL IN THE 2016-2017 SCHOOL YEAR FOR FIVE (5)YEARS, AS THE CHARTER SCHOOL CONTINUES TO MAKE SIGNIFICANT STRIDES IN IMPROVING ACADEMIC OUTCOMES AND PROVIDING A POSITIVE SCHOOL ENVIRONMENT FOR SUSTAINABILITY AND GROWTH FOR ITS SCHOLARS.

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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 $6,706,418

Program Service Revenue $367,912

Investment Income $0

Other Revenue $-290,687

TOTAL REVENUE $6,783,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,962,446

Fundraising Expenses $0

Program Expenses $4,746,209

Other Expenses $1,365,409

TOTAL EXPENSES $6,327,855

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,783,643	$6,294,846	+0.1%
Expenses	$6,327,855	$7,137,499	-0.1%
Net Income	$455,788	$-842,653	-1.5%

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

Volunteers

N/A

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

$277,894

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE SANCHEZ	Executive Dir.	40.00	Officer	$168,600	$0	$168,600
JENNIFER CARCICH	Director	40.00	Officer	$109,294	$0	$109,294
BRIAN STANG	President	3.00	Director	$0	$0	$0
CHARLENE BURRIS	Vice President	3.00	Director	$0	$0	$0
CHRISTINE FUGGER	Trustee	3.00	Director	$0	$0	$0
VALAY DESAI	Trustee	3.00	Director	$0	$0	$0
BRIANNA DIVAK	Trustee	3.00	Director	$0	$0	$0
RINA ASEMAMAW	Trustee	3.00	Director	$0	$0	$0
ASWINI KUMAR	Trustee	3.00	Director	$0	$0	$0
KARA PARHAM	Trustee	3.00	Director	$0	$0	$0
DEVEN LILBURN	Trustee	3.00	Director	$0	$0	$0
DANIELLE LORENZI	Trustee	3.00	Director	$0	$0	$0
ANNEMARIE MAINA	Trustee	3.00	Director	$0	$0	$0
ALTEA QIRJAKO	BUSINESS ADMIN	40.00	Officer	$0	$0	$0

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	$6,783,643	$6,327,855	$1,811,666	$455,788
2024	No data	No data	No data	No data
2023	$5,807,042	$6,467,580	$2,423,824	$-660,538
2022	$5,573,924	$5,735,877	$3,074,541	$-161,953
2021	$4,878,179	$4,579,117	$1,861,580	$299,062
2020	$4,753,367	$4,623,005	$1,151,250	$130,362
2019	$4,700,711	$4,401,791	$858,734	$298,920