FRIENDS OF HOBOKEN CHARTER SCHOOL … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

JEFF TENNENBAUM

Phone

2019630222

Tax Period

2022-07-01 to 2023-06-30

FRIENDS OF HOBOKEN CHARTER SCHOOL INC, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $245K in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $183K, a strong 75% operating margin.

Mission

TO FOSTER A QUALITY EDUCATION, FOSTER A NURTURING & PRODUCTIVE ENVIRONMENT FOR STUDENTS, TEACHERS, ADMINISTRATION & PARENTS, HOST FUNDRAISERS FOR THE SCHOOL CAPITAL FUND, OPERATIONS & PA EXPENDITURE & CULTIVATE COMMUNITY RELATIONS FOR THE BENEFIT OF THE HOBOKEN CHARTER SCHOOL, INC.

Program Service Accomplishments

Program 1

Expenses: $24,067 Revenue: $18,281

ENGAGE IN FUNDRAISING ACTIVITES TO BENEFIT THE HOBOKEN CHARTER SCHOOL, TO FUND SHORTFALL IN PUBLIC FUNDING BY THE LOCAL SENDING SCHOOL DISTRICTS, TO PROVIDE FUNDS FOR RENOVATIONS OF THE SCHOOL...

ENGAGE IN FUNDRAISING ACTIVITES TO BENEFIT THE HOBOKEN CHARTER SCHOOL, TO FUND SHORTFALL IN PUBLIC FUNDING BY THE LOCAL SENDING SCHOOL DISTRICTS, TO PROVIDE FUNDS FOR RENOVATIONS OF THE SCHOOL FACILITIES AND THE PURCHASE OF AN ADDITIONAL BUILDING TO SERVE AS THE HIGH SCHOOL

Program 2

Expenses: $6,198 Revenue: $10,505

PROVIDE SOCIAL EVENTS FOR THE STUDENTS AND PARENTS OF THE HOBOKEN CHARTER SCHOOL

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $61,879

Program Service Revenue $11,505

Investment Income $85

Other Revenue $171,830

TOTAL REVENUE $245,299

Expense Breakdown

Grants Paid $20,942

Salaries & Benefits $0

Fundraising Expenses $7,183

Program Expenses $30,265

Other Expenses $41,396

TOTAL EXPENSES $62,338

Year-over-Year Comparison

	2022	2021	Change
Revenue	$245,299	$263,866	-0.1%
Expenses	$62,338	$95,789	-0.3%
Net Income	$182,961	$168,077	+0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATTY FERNANDEZ	TRUSTEE	1.00	Director	$0	$0	$0
ROB JOHANSEN	TREASURER/TR	2.00	Officer Director	$0	$0	$0
KAREN KELLY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MYLAN	TRUSTEE	1.00	Director	$0	$0	$0
YAPHET SMALLWOOD	V PRESIDENT/	2.00	Officer Director	$0	$0	$0
JEFF TENNENBAUM	PRESIDENT/TR	2.00	Officer Director	$0	$0	$0
CINDY WIEGAND	SECRETARY	2.00	Officer Director	$0	$0	$0
DANA WISSING	PA REP TO BO	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$245,299	$62,338	$11,377,079	$182,961
2022	$263,866	$95,789	$11,197,069	$168,077
2021	$870,860	$25,534	$11,271,625	$845,326
2020	$-86,831	$38,812	$9,272,558	$-125,643
2019	$-152,605	$41,859	$7,471,845	$-194,464
2018	$233,158	$69,351	$5,204,038	$163,807

FRIENDS OF HOBOKEN CHARTER SCHOOL INC