TROY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TRUE NORTH TROY PREPARATORY CHARTER SCHOOL, founded in 2008, is a mid-sized nonprofit that reported $14.0M in total revenue in fiscal year 2021. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $13.2M left a modest 6% surplus.
THE MISSION OF TRUE NORTH TROY PREPARATORY CHARTER SCHOOL ("TROY PREP") IS TO PREPARE ALL STUDENTS TO ENTER AND SUCCEED IN COLLEGE THROUGH EFFORT, ACHIEVEMENT, AND THE CONTENT OF THEIR CHARACTER. ALL TRUE NORTH TROY PREPARATORY STUDENTS WILL DEMONSTRATE EXCELLENCE IN READING, WRITING, MATH, SCIENCE AND HISTORY WHILE CONSISTENTLY EXEMPLIFYING THE VIRTUES OF CARING, COURAGE, RESPECT, RESPONSIBILITY, JUSTICE AND HARD WORK.ON JUNE 24, 2021 THE CHARTER SCHOOL'S BOARD OF TRUSTEES VOTED TO APPROVE AND AUTHORIZE THE MERGER WITH KIPP ALBANY COMMUNITY CHARTER SCHOOLS EFFECTIVE JULY 1, 2022. KIPP ALBANY COMMUNITY CHARTER SCHOOLS WILL BE THE SURVIVING EDUCATION CORPORATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $14,047,819 | $12,671,535 | +0.1% |
| Expenses | $13,220,496 | $11,257,100 | +0.2% |
| Net Income | $827,323 | $1,414,435 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LAURA LEE MCGOVERN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF BUELL | TREASURER/SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT BELLAFIORE | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TRACY KENNEDY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN REILLY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE BONILLA | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HEATHER LAVINE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SHARIF KABIR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ALINA DALEY | MS DIRECTOR OF OPERATIONS | 50.00 |
Highest
|
$126,633 | $9,985 | $136,618 |
| JULIA P FRANKLIN | ES DIRECTOR OF OPERATIONS | 50.00 |
Highest
|
$102,836 | $15,442 | $118,278 |
| CATHLENE A SCHWARTZBECK | HS DIRECTOR OF OPERATIONS | 50.00 |
Highest
|
$105,723 | $6,032 | $111,755 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $14,047,819 | $13,220,496 | $8,150,126 | $827,323 |
| 2022 | No data | No data | No data | No data |
| 2021 | $12,671,535 | $11,257,100 | $7,178,391 | $1,414,435 |
| 2020 | $11,780,483 | $11,574,157 | $5,491,890 | $206,326 |
| 2019 | $11,674,658 | $11,099,331 | $5,457,735 | $575,327 |
| 2018 | $10,478,059 | $9,763,911 | $4,787,293 | $714,148 |
Compare TRUE NORTH TROY PREPARATORY CHARTER SCHOOL with other nonprofits in New York and across the country.