BRONX ACADEMY OF PROMISE CHARTER SCHOOL

EIN: 262531307 501(c)(3) Education

BRONX, NY

Total Revenue
$16,713,360
Total Expenses
$18,685,368
Total Assets
$75,080,028
Net Assets
$10,191,544
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
NICHOLAS PARRINO
Phone
7182936950
Tax Period
2024-07-01 to 2025-06-30

BRONX ACADEMY OF PROMISE CHARTER SCHOOL, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $16.7M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $18.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE SCHOOL'S MOST SIGNIFICANT ACTIVITIES INCLUDED THE FOLLOWING GOALS -- TO CREATE A SAFE AND SUPPORTIVE LEARNING ENVIRONMENT THAT ADDRESSES BOTH SOCIAL AND EMOTIONAL DEVELOPMENT AS WELL AS THE ACADEMIC NEEDS OF EACH STUDENT. THE SCHOOL'S GOAL IS TO APPROPRIATELY MEET STUDENTS WHERE THEY ARE (WHETHER AHEAD OR BEHIND) IN ORDER TO MEANINGFULLY ENGAGE, ENRICH, CHALLENGE, AND SUPPORT THEM IN EFFECTIVELY CONTINUING THEIR ACADEMIC PROGRESS TOWARD PROFICIENCY AND BEYOND.

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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 $1,421,245
Program Service Revenue $15,134,373
Investment Income $157,742
Other Revenue $0
TOTAL REVENUE $16,713,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,765,829
Fundraising Expenses $27,630
Program Expenses $17,376,154
Other Expenses $7,919,539
TOTAL EXPENSES $18,685,368

Year-over-Year Comparison

2024 2023 Change
Revenue $16,713,360 $18,464,008 -0.1%
Expenses $18,685,368 $16,604,857 +0.1%
Net Income $-1,972,008 $1,859,151 -2.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
133
Volunteers
7

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
9
$707,063
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AGATHA AKYERE VICE CHAIR 2.00
Officer Director
$0 $0 $0
CARLIBI ROJAS PARENT AT LARGE 2.00
Officer Director
$0 $0 $0
DENNIS SZE ACADEMIC COMMITTEE 2.00
Officer Director
$0 $0 $0
KEVIN KEARNS TREASURER/CHAIR OF FINANCE 2.00
Officer Director
$0 $0 $0
MILCA MEYER SECRETARY 2.00
Officer Director
$0 $0 $0
REV DR MICHAEL CARION BOARD CHAIR 2.00
Officer Director
$0 $0 $0
GLENN CORWIN BOARD MEMBER 2.00
Director
$0 $0 $0
DENISE SCHIRALDI PRINCIPAL 40.00
Officer
$228,268 $31,461 $259,729
NICHOLAS MARK PARRINO ASSISTANT PRINCIPAL 40.00
Officer
$167,723 $57,003 $224,726
CATHERINE JACKVOINY ACADEMIC DIRECTOR 40.00
Officer
$193,248 $29,360 $222,608
ALDRINA ARSHRAVAN INSTRUCTIONAL COACH - MATH 40.00
Highest
$174,160 $42,103 $216,263
NANCY JIMENEZ AIS COACH- ELA 40.00
Highest
$154,058 $9,507 $163,565
RACHEL OSIAS DEAN AND AFTER SCHOOL DIRE 40.00
Highest
$137,689 $35,824 $173,513
MARGARET WEINSTEIN SPECIALTY TEACHER K-2 AIS 40.00
Highest
$124,715 $25,248 $149,963
SHARON GIBLIN SPED COORDINATOR 40.00
Highest
$130,800 $38,919 $169,719
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 $16,713,360 $18,685,368 $75,080,028 $-1,972,008
2024 $18,464,008 $16,604,857 $29,788,241 $1,859,151
2023 $14,433,523 $14,286,959 $28,136,256 $146,564
2022 $14,177,895 $13,519,128 $13,708,011 $658,767
2021 $12,366,124 $11,709,652 $12,810,064 $656,472
2020 $11,910,782 $11,254,553 $11,972,737 $656,229
2019 $11,299,255 $11,052,603 $11,202,485 $246,652
2018 $10,654,473 $10,210,200 $10,663,092 $444,273
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