LEAP ACADEMY UNIVERSITY CHARTER SCHOOL

EIN: 223494324 501(c)(3) Education

CAMDEN, NJ

Total Revenue
$35,353,737
Total Expenses
$28,452,580
Total Assets
$56,268,773
Net Assets
$18,905,372
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NJ
Principal Officer
GLORIA BONILLA-SANTIAGO
Phone
8566145640
Tax Period
2022-07-01 to 2023-06-30

LEAP ACADEMY UNIVERSITY CHARTER SCHOOL, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $35.4M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.9M, a strong 20% operating margin.

Mission

TO OPERATE A CHARTER SCHOOL UNDER THE REGULATION OF THE NEW JERSEY DEPARTMENT OF EDUCATION.

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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 $32,578,325
Program Service Revenue $0
Investment Income $232,744
Other Revenue $2,542,668
TOTAL REVENUE $35,353,737

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,190,454
Fundraising Expenses $0
Program Expenses $23,484,298
Other Expenses $10,262,126
TOTAL EXPENSES $28,452,580

Year-over-Year Comparison

2022 2021 Change
Revenue $35,353,737 $32,391,607 +0.1%
Expenses $28,452,580 $25,967,203 +0.1%
Net Income $6,901,157 $6,424,404 +0.1%
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
13
Independent Members
13
Employees
302
Volunteers
40

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
$286,153
Total Directors
13
$0
Key Employees
1
$264,619
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR GLORIA BONILLA SANTIAGO CHAIR 15.00
Director
$0 $0 $0
DR MICHAEL PALIS VICE-CHAIR 2.00
Director
$0 $0 $0
HECTOR NIEVES PARENT REP - TRUSTEE 2.00
Director
$0 $0 $0
MARGO VENABLE PUBLIC MEMBER - TRUSTEE 2.00
Director
$0 $0 $0
CAL MARADONNA PUBLIC MEMBER - TRUSTEE 2.00
Director
$0 $0 $0
DR DONNA NICKITAS PUBLIC MEMBER - TRUSTEE 2.00
Director
$0 $0 $0
DR ANTHONY M LOWMAN PUBLIC MEMBER - TRUSTEE 2.00
Director
$0 $0 $0
BRENDA ORTIZ PARENT REP - TRUSTEE 2.00
Director
$0 $0 $0
MARGARET MANTHE PUBLIC MEMBER - TRUSTEE 2.00
Director
$0 $0 $0
OMAR SAMANIEGO PUBLIC MEMBER - TRUSTEE 2.00
Director
$0 $0 $0
DR MATHEW CLOSTER PUBLIC MEMBER - TRUSTEE 2.00
Director
$0 $0 $0
DR YOSMERIZ ROMAN PUBLIC MEMBER - TRUSTEE 2.00
Director
$0 $0 $0
BETTE MENGASHA PUBLIC MEMBER - TRUSTEE 2.00
Director
$0 $0 $0
WANDA GARCIA BOARD LIASON 2.00
Officer
$0 $0 $0
STEPHANIE ROGERS CHIEF OPERATIONS OFFICER/L 40.00
Officer
$142,200 $6,922 $149,122
YUSEIN DURAKOV CHIEF FINANCIAL OFFICER/SB 40.00
Officer
$137,031 $0 $137,031
DR VELMINA RIVERA MD CHIEF MEDICAL DIRECTOR 40.00
Key Emp
$264,619 $0 $264,619
STEVENSON PIERRE-JACQUES DIRECTOR OF IT 40.00
Highest
$120,075 $0 $120,075
MARGARITA DAVID NURSE 40.00
Highest
$114,683 $0 $114,683
TUGBA HOGUET DIRECTOR OF ESL 40.00
Highest
$118,181 $15,475 $133,656
JOZIAN MOLINA CHIEF ACADEMIC OFFICE 40.00
Highest
$117,500 $6,822 $124,322
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 $35,353,737 $28,452,580 $56,268,773 $6,901,157
2022 $32,391,607 $25,967,203 $51,218,862 $6,424,404
2021 $26,837,765 $24,822,346 $46,262,848 $2,015,419
2020 $24,003,614 $25,389,032 $45,851,890 $-1,385,418
2019 $26,442,379 $25,443,031 $43,463,064 $999,348
2018 $24,749,961 $24,961,649 $44,046,778 $-211,688
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