CONEY ISLAND PREP BUILDERS INC

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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

2008

Legal Domicile

Principal Officer

JACOB MNOOKIN

Phone

9293793901

Tax Period

2024-07-01 to 2025-06-30

CONEY ISLAND PREP BUILDERS INC, founded in 2008, is a community nonprofit in the Education sector that reported $7.3M in total revenue in fiscal year 2024. Expenses of $6.3M left a modest 13% surplus.

Mission

CONEY ISLAND PREP BUILDERS, INC. IS A NON-PROFIT ORGANIZATION FOUNDED TO RAISE FUNDS AND SUPPORT CONEY ISLAND PREPARATORY PUBLIC CHARTER SCHOOL IN ITS EFFORT TO POSITIVELY IMPACT THE CONEY ISLAND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $3,561,069 Revenue: $2,795,000

RAISING FUNDS AND SUPPORTING THE OPERATIONS OF CONEY ISLAND PREPARATORY PUBLIC CHARTER SCHOOL.

Program 2

Expenses: $2,288,321 Revenue: $0

QUALIFYING CONEY ISLAND PREP STUDENTS ARE PROVIDED WITH SUPPORT WITH POST-SECONDARY TUITION COSTS.

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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 $4,029,342

Program Service Revenue $2,795,000

Investment Income $473,885

Other Revenue $-21,523

TOTAL REVENUE $7,276,704

Expense Breakdown

Grants Paid $2,360,821

Salaries & Benefits $0

Fundraising Expenses $29,871

Program Expenses $5,849,390

Other Expenses $3,957,232

TOTAL EXPENSES $6,318,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,276,704	$7,126,267	+0.0%
Expenses	$6,318,053	$5,774,988	+0.1%
Net Income	$958,651	$1,351,279	-0.3%

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

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
JACOB MNOOKIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
LANSING DAVIS	TREASURER	2.00	Officer Director	$0	$0	$0
LESLIE-BERNARD JOSEPH	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTAPHER BENSON	TRUSTEE	2.00	Director	$0	$0	$0
KAREN JOHNSON	TRUSTEE	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	$7,276,704	$6,318,053	$26,743,367	$958,651
2024	No data	No data	No data	No data
2023	$11,068,774	$5,214,041	$25,735,560	$5,854,733
2022	$3,536,570	$4,010,991	$7,475,200	$-474,421
2021	$4,323,284	$2,085,838	$8,259,596	$2,237,446
2020	$4,071,252	$644,921	$5,141,289	$3,426,331
2019	$859,469	$459,814	$1,790,898	$399,655
2018	$799,935	$419,393	$1,608,495	$380,542