MARIA L VARISCO ROGERS CHARTER SCHOOL

EIN: 223642867 501(c)(3) Education

NEWARK, NJ

Total Revenue
$13,716,970
Total Expenses
$11,994,752
Total Assets
$16,031,281
Net Assets
$8,429,096
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NJ
Principal Officer
JOSE SEGARRA
Phone
9734819001
Tax Period
2024-07-01 to 2025-06-30

MARIA L VARISCO ROGERS CHARTER SCHOOL, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $13.7M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $12.0M left a modest 13% surplus.

Mission

MARIA L VARISCO-RODGERS CHARTER SCHOOL'S MISSION IS TO IMPROVE THE EDUCATIONAL ACHIEVEMENT OF ALL PUPILS BASED ON THE BELIEF THAT ALL CHILDREN CAN LEARN.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,219,090
Program Service Revenue $315,183
Investment Income $0
Other Revenue $182,697
TOTAL REVENUE $13,716,970

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,671,852
Fundraising Expenses $0
Program Expenses $10,765,152
Other Expenses $4,322,900
TOTAL EXPENSES $11,994,752

Year-over-Year Comparison

2024 2023 Change
Revenue $13,716,970 $15,910,233 -0.1%
Expenses $11,994,752 $12,068,637 0.0%
Net Income $1,722,218 $3,841,596 -0.6%
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

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Governance

Voting Members
11
Independent Members
11
Employees
91
Volunteers
11

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
5
$711,160
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTA NIEVES VICE CHAIRPERSON 3.00
Officer Director
$0 $0 $0
CARMEN LEBRON BOARD TREASURER 3.00
Officer Director
$0 $0 $0
MARIA CAMACHO BOARD MEMBER 3.00
Director
$0 $0 $0
MIGDALIA CONCEPCION BOARD MEMBER 3.00
Director
$0 $0 $0
MARGAROTA VALENTIN BOARD MEMBER 3.00
Director
$0 $0 $0
CARMEN CAMACHO BOARD MEMBER 3.00
Director
$0 $0 $0
VINCENT COZZARELLI BOARD MEMBER 3.00
Director
$0 $0 $0
JESUS PADILLA BOARD MEMBER 3.00
Director
$0 $0 $0
JAZIEL RIOS STUDENT REPRESENTATIVE 3.00
Director
$0 $0 $0
DAISEY HERRERA BOARD MEMBER 3.00
Director
$0 $0 $0
CARMEN BAEZ CHAIRPERSON 3.00
Officer
$0 $0 $0
TERESA SEGARRA LEAD PERSON/EXECUTIVE DIRE 40.00
Officer
$338,494 $45,669 $384,163
JOSE SEGARRA SCHOOL BUSINESS ADMINISTRA 40.00
Officer
$312,968 $14,029 $326,997
ANNE HEYWARD PRINCIPAL 40.00
Highest
$182,933 $24,170 $207,103
JENNIFER FUMERO DIRECTOR OF CURRICULUM 40.00
Highest
$175,615 $23,666 $199,281
GYNISE GOTTO DIRECTOR OF POLICY & PROCE 40.00
Highest
$219,641 $27,251 $246,892
DICXIANA CARBONELL ASSISTANT LEAD 40.00
Highest
$203,399 $16,937 $220,336
PATRICIA FARTURA SUPERVISOR OF CURRICULUM AND INSTRUCTION 40.00
Highest
$120,936 $40,345 $161,281
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 $13,716,970 $11,994,752 $16,031,281 $1,722,218
2024 $15,910,233 $12,068,637 $18,346,651 $3,841,596
2023 $12,527,485 $10,307,250 $9,716,748 $2,220,235
2022 $10,447,938 $8,509,242 $7,605,941 $1,938,696
2021 $11,323,219 $9,866,070 $5,290,053 $1,457,149
2020 $11,046,595 $11,173,628 $4,393,093 $-127,033
2019 $12,802,660 $13,106,935 $3,568,359 $-304,275
2018 $13,113,482 $13,983,404 $4,083,037 $-869,922
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