HOBOKEN 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

1997

Legal Domicile

Principal Officer

DEIRDRA GRODE

Phone

2019630222

Tax Period

2024-07-01 to 2025-06-30

HOBOKEN CHARTER SCHOOL, founded in 1997, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2024.

Mission

THE BOARD OF TRUSTEES OF HOBOKEN CHARTER SCHOOL IS COMMITTED TO UPHOLDING AND ADVANCING THE SCHOOL'S MISSION OF FOSTERING THE ACADEMIC, ARTISTIC, PERSONAL, AND CIVIC GROWTH OF ITS STUDENTS THROUGH LEARNER-CENTERED PRACTICES GROUNDED IN A COMMITTMENT TO SOCIAL JUSTICE AND SERVICE-LEARNING.THE SCHOOL'S UNIQUE APPROACH IS BUILT ON FOUR PILLARS:1 - SOCIAL JUSTICE2 - SERVICE-LEARNING3 - LEARNER-CENTERED EDUCATION4 - INTER-AGE EXPERIENCES

Program Service Accomplishments

Program 1

Expenses: $4,044,203 Revenue: $5,599,438

PROVIDES A RIGOROUS, WORLD CALSS EDUCATION TO STUDENTS FROM KINDERGARTEN TO 12TH GRADE THROUGH A CURRICULUM THAT ENSURES ACTIVE PARTICIPATION IN ACADEMICS, ARTS LITERACY AND PERSONAL AND CIVIC...

PROVIDES A RIGOROUS, WORLD CALSS EDUCATION TO STUDENTS FROM KINDERGARTEN TO 12TH GRADE THROUGH A CURRICULUM THAT ENSURES ACTIVE PARTICIPATION IN ACADEMICS, ARTS LITERACY AND PERSONAL AND CIVIC GROWTH. STUDENT ENROLLMENT WAS 298.

Program 2

Expenses: $614,364 Revenue: $676,937

ENRICHMENT, SUMMER CAMP, FOOD SERVICE, EMERGENCY NEEDS GRANT, ESSER II AND ESSER III GRANTS AND DONOR SPECIFIC GRANTS FOR PROGRAMS TO IMPROVE THE LIVES AND FUTURES OF YOUNG PEOPLE AND IMPROVE SCHOOL...

Program 3

Expenses: $83,417 Revenue: $83,417

TO SUPPORT ESSA TITLE I, TITLE II AND TITLE IV, AND NO CHILD LEFT BEHIND PROGRAMS.

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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 $430,877

Program Service Revenue $5,760,263

Investment Income $58,315

Other Revenue $177,358

TOTAL REVENUE $6,426,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,235,210

Fundraising Expenses $0

Program Expenses $4,809,005

Other Expenses $2,085,495

TOTAL EXPENSES $6,320,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,426,813	$6,554,172	0.0%
Expenses	$6,320,705	$6,381,861	0.0%
Net Income	$106,108	$172,311	-0.4%

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

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

$265,060

Total Directors

$149,222

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEIRDRA GRODE	Executive Dir.	35.00	Officer Director	$149,222	$0	$149,222
CHRISTOPHER KUNKEL	TEACHER	35.00		$122,765	$3,404	$126,169
ELIZABETH PALMA	TEACHER	35.00		$114,883	$3,404	$118,287
STEVE LITERATI	Secretary	35.00	Officer	$115,838	$0	$115,838
MARC KUTCHMA	TEACHER	35.00		$109,627	$3,210	$112,837
MELISSA FISHER	TEACHER	35.00		$109,238	$0	$109,238
LAUREN CALMAS	Trustee	0.00	Director	$0	$0	$0
MATT LIPSKY	Trustee	1.00	Director	$0	$0	$0
JOHN BERGER	Trustee	1.00	Director	$0	$0	$0
MARK FRASIER	Trustee	1.00	Director	$0	$0	$0
BONNIE STEVENS	Trustee	1.00	Director	$0	$0	$0
LISA MCINTYRE	Trustee	1.00	Director	$0	$0	$0
KELLY PANSY	Trustee	1.00	Director	$0	$0	$0
GRACE GUANDIQUE	Trustee	1.00	Director	$0	$0	$0
LAURA HECHT-FELELLA	Trustee	1.00	Director	$0	$0	$0
MARK SILBERBERG	CHAIRPERSON	1.00	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	$6,426,813	$6,320,705	$9,218,987	$106,108
2024	$6,554,172	$6,381,861	$6,172,634	$172,311
2023	$5,855,248	$5,640,287	$6,449,518	$214,961
2022	$6,114,504	$5,339,232	$6,165,629	$775,272
2021	$5,374,264	$5,239,889	$2,644,721	$134,375
2020	$5,377,994	$4,874,488	$2,421,582	$503,506
2019	$5,424,924	$5,238,729	$1,696,302	$186,195
2018	$5,373,897	$5,375,486	$1,531,904	$-1,589