FRIENDS OF BELOVED COMMUNITY CHARTER SCH (EIN 223538276) - 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

1995

Legal Domicile

Principal Officer

PETER WASINGER

Phone

2019911040

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF BELOVED COMMUNITY CHARTER SCH, founded in 1995, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024.

Mission

FRIENDS OF BELOVED COMUNNITY CHARTER SCHOOL 2, INC. PROVIDES SUPPORT TO CHARITABLE ORGANIZATIONS IN HUDSON COUNTY EMPHASIZING A QUALITY EDUCATION FOR CHILDREN

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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 $0

Program Service Revenue $2,360,471

Investment Income $91,085

Other Revenue $0

TOTAL REVENUE $2,451,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,640,973

Other Expenses $2,678,757

TOTAL EXPENSES $2,678,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,451,556	$2,540,588	0.0%
Expenses	$2,678,757	$2,836,943	-0.1%
Net Income	$-227,201	$-296,355	-0.2%

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
GUALBERTO MEDINA	TRUSTEE	1.00	Director	$0	$0	$0
PETER WASINGER	PRESIDENT	1.00	Officer	$0	$0	$0
PAUL DRITSAS	SECRETARY	1.00	Officer	$0	$0	$0
CAMILLE CESARI	TREASURER	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	$2,451,556	$2,678,757	$35,312,214	$-227,201
2024	$2,540,588	$2,836,943	$36,154,677	$-296,355
2023	$2,502,456	$2,820,539	$37,050,882	$-318,083
2021	$2,021,209	$1,310,861	$38,721,711	$710,348

FRIENDS OF BELOVED COMMUNITY CHARTER SCH