PRINCETON CHARTER SCHOOL INC

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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

1997

Legal Domicile

Principal Officer

LAWRENCE D PATTON

Phone

6099240575

Tax Period

2024-07-01 to 2025-06-30

PRINCETON CHARTER SCHOOL INC, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $10.5M in total revenue in fiscal year 2024.

Mission

PCS'S MISSION IS TO PROVIDE ITS DIVERSE STUDENT BODY THE BEST POSSIBLE EDUCATION BY FOCUSING ON THE FUNDAMENTAL ACADEMIC DISCIPLINES IN AN ATMOSPHERE THAT AFFIRMS ACADEMIC ACHIEVEMENT AND IN SO DOING, TO OFFER THE COMMUNITY TRUE CHOICE IN PUBLIC EDUCATION. PCS BELIEVES THAT A "THOROUGH AND EFFICIENT" EDUCATION IS BEST ACCOMPLISHED THROUGH A RIGOROUS CURRICULUM THAT REQUIRES MASTERY OF CORE KNOWLEDGE AND SKILLS.

Program Service Accomplishments

Program 1

Expenses: $9,322,300 Revenue: $141,410

PRINCETON CHARTER SCHOOL IS A K-8 PUBLIC CHARTER SCHOOL WHO OPERATES IN CONFORMITY WITH THE CHARTER SCHOOL PROGRAM ACT OF 1995. PRINCETON CHARTER SCHOOL IS ALSO CONSIDERED A LOCAL EDUCATION AGENCY...

PRINCETON CHARTER SCHOOL IS A K-8 PUBLIC CHARTER SCHOOL WHO OPERATES IN CONFORMITY WITH THE CHARTER SCHOOL PROGRAM ACT OF 1995. PRINCETON CHARTER SCHOOL IS ALSO CONSIDERED A LOCAL EDUCATION AGENCY (LEA) PER THE STATE OF NEW JERSEY, DEPARTMENT OF EDUCATION. THE STUDENTS' EDUCATION IS GUIDED BY THE NJ CORE CURRICULUM STANDARDS IN THE AREAS OF READING AND LANGUAGE ARTS, MATHEMATICS, SCIENCE, SOCIAL STUDIES, WORLD LANGUAGES, THE ARTS AND PHYSICAL EDUCATION/HEALTH. THERE ARE NO BARRIERS TO ADMISSION, A RANDOM LOTTERY IS HELD IN JANUARY OF EACH SCHOOL YEAR. THE DISTINGUISHING FEATURES OF THE SCHOOL ARE RIGOROUS CURRICULA WITH WELL-DEFINED GRADE-BY GRADE OUTCOMES IN LINE WITH STATE, NATIONAL AND INTERNATIONAL STANDARDS THAT FOCUS ON CUMULATIVE ACQUISITION OF KNOWLEDGE AND SKILLS IN LANGUAGE ARTS, MATHEMATICS, HISTORY, GEOGRAPHY, SCIENCE, WORLD LANGUAGES AND THE ARTS.

Program 2

Expenses: $31,845

FEDERAL NO CHILD LEFT BEHIND ACT - TITLE I & TITLE II, PART A

Program 3

Expenses: $72,166

FEDERAL IDEA GRANT, ALLOCATED TO THE NEEDS OF SPECIAL EDUCATION STUDENTS.

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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 $10,316,197

Program Service Revenue $115,176

Investment Income $0

Other Revenue $26,234

TOTAL REVENUE $10,457,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,963,017

Fundraising Expenses $0

Program Expenses $9,426,311

Other Expenses $2,458,460

TOTAL EXPENSES $10,421,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,457,607	$10,190,630	+0.0%
Expenses	$10,421,477	$10,492,275	0.0%
Net Income	$36,130	$-301,645	-1.1%

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

Governance

Voting Members

Independent Members

Employees

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

$205,952

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANITA MISRI	PRESIDENT	5.00	Officer Director	$0	$0	$0
IRENE CHIU	MEMBER	5.00	Director	$0	$0	$0
JENNIFER FREEDMAN MD	MEMBER	5.00	Director	$0	$0	$0
RUPAL KOTHARI	MEMBER	5.00	Director	$0	$0	$0
RAKESH KUMAR	MEMBER	5.00	Director	$0	$0	$0
RISHI MODI	MEMBER	5.00	Director	$0	$0	$0
SHINAE PARK	MEMBER	5.00	Director	$0	$0	$0
SARAH RIVETT	MEMBER	5.00	Director	$0	$0	$0
OLGA TROYANSKAYA	MEMBER	5.00	Director	$0	$0	$0
LAWRENCE D PATTON	HEAD OF SCHOOL	40.00	Officer	$205,897	$55	$205,952
DR BRIAN FALKOWSKI	BUSINESS ADMINISTRATOR	24.00	Officer	$0	$0	$0
LISA ECKSTROM	ASST HEAD OF SCHOOL	40.00	Highest	$150,603	$0	$150,603
MARTHA TOMA	TEACHER	40.00	Highest	$110,860	$9,551	$120,411
DAVID MYERS	TEACHER	40.00	Highest	$108,753	$28,159	$136,912
MICHELLE DOWLING	ASST HEAD OF SCHOOL	40.00	Highest	$139,837	$18,016	$157,853
SABINA KHACHATRIAN	TEACHER	40.00	Highest	$112,105	$0	$112,105

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	$10,457,607	$10,421,477	$14,598,277	$36,130
2024	$10,190,630	$10,492,275	$15,184,932	$-301,645
2023	$9,706,256	$9,826,773	$15,615,684	$-120,517
2022	$10,123,639	$9,664,985	$15,837,825	$458,654
2021	$9,187,595	$8,843,048	$17,156,920	$344,547
2020	$8,141,339	$8,414,232	$13,392,489	$-272,893
2019	$7,941,248	$8,279,158	$12,157,657	$-337,910
2018	$7,601,681	$7,828,844	$11,801,753	$-227,163