FRIENDS OF HOBOKEN CHARTER SCHOOL INC (EIN 223519265) - Form 990 Financial Analysis & Trantor Score

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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

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

ACQUIRED A SCHOOL BUILDING IN HOBOKEN, NEW JERSEY FOR STUDENTS OF THE HOBOKEN CHARTER SCHOOL & PROVIDE FUNDS FOR RENOVATIONS & FUND OTHER PROGRAMS FOR STUDENTS AND STAFF

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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 (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

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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

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