CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON INC (EIN 223568322) - 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

1998

Legal Domicile

Principal Officer

BERNADETTE PINTO

Phone

9732787707

Tax Period

2023-07-01 to 2024-06-30

CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON INC, founded in 1998, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2023. The organization ran a surplus of $534K, a strong 17% operating margin.

Mission

THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON'S (THE "CHARTER SCHOOL") MISSION IS TO BLEND CORE TRADITIONAL LEARNING FOUNDATIONS AND MODERN DAY EDUCATIONAL INITIATIVES TO CREATE A PROGRESSIVE LEARNING ENVIRONMENT. THROUGH THE FUSION OF A CURRICULUM DEEPLY ROOTED IN HUMANITIES AND LIBERAL ARTS AND OUR COMPREHENSIVE MATHEMATICS AND SCIENCE PROGRAM, CLASSICAL ACADEMY STRIVES TO FOSTER NOT ONLY SCHOLASTIC ACHIEVEMENTS BUT ALSO THE GROWTH OF OUR STUDENTS AS FUTURE LEADERS THROUGH THE INFUSION OF CORE VALUES AND POSITIVE SOCIAL LEARNING EXPERIENCES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $922,486

Program Service Revenue $2,138,828

Investment Income $54,640

Other Revenue $45,112

TOTAL REVENUE $3,161,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,777,162

Fundraising Expenses $0

Program Expenses $1,914,978

Other Expenses $850,213

TOTAL EXPENSES $2,627,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,161,066	$3,033,016	+0.0%
Expenses	$2,627,375	$2,471,843	+0.1%
Net Income	$533,691	$561,173	0.0%

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

$306,140

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNADETTE PINTO	SBA/BOARD SE	40.00	Officer	$103,077	$0	$103,077
DR PAUL SEMEGRAN	LEAD PERSON	40.00	Officer	$89,891	$58,450	$148,341
PATRICK MARTIN	LEAD PERSON	40.00	Officer	$46,200	$0	$46,200
GREGORY FARLEY	LEAD PERSON	40.00	Officer	$8,522	$0	$8,522
ORAN BULLEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
ADRIENNE AUSTIN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SHAMIRA DRAKEFORD	MEMBER	2.00	Director	$0	$0	$0
ALICIA ANDERSON	MEMBER	2.00	Director	$0	$0	$0
JANET SPIDWAK	MEMBER	2.00	Director	$0	$0	$0
NINA PRINZ	MEMBER	2.00	Director	$0	$0	$0
LINDA BUONAURO	MEMBER	2.00	Director	$0	$0	$0
GENIE TROTT	MEMBER	2.00	Director	$0	$0	$0
KENYA GREENE	MEMBER BEG.	2.00	Director	$0	$0	$0
DIANE GARRIDO	MEMBER UNTIL	2.00	Director	$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	$3,161,066	$2,627,375	$3,729,455	$533,691
2023	$3,033,016	$2,471,843	$3,420,192	$561,173
2022	$2,576,190	$2,717,275	$3,071,057	$-141,085
2021	$3,369,000	$2,371,332	$2,006,460	$997,668
2020	$2,255,310	$2,626,893	$903,657	$-371,583
2019	$1,785,725	$2,474,553	$1,299,326	$-688,828
2018	$1,721,505	$2,160,884	$2,068,623	$-439,379

CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON INC