The Garvey School (EIN 263399619) - 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

2008

Legal Domicile

Principal Officer

June Oconnor

Tax Period

2022-07-01 to 2023-06-30

The Garvey School, founded in 2008, is a small nonprofit in the Education sector that reported $240K in total revenue in fiscal year 2022. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $534K exceeded revenue, resulting in a 122% operating deficit.

Mission

The Garvey School is a tuition-based Elementary-Middle School that provides educational services to underserved children in Grades K-8 under a charter granted by the state education department (NYS) Board of Regents

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $240,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $240,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,658

Fundraising Expenses $3,259

Program Expenses $491,709

Other Expenses $378,070

TOTAL EXPENSES $533,728

Year-over-Year Comparison

	2022	2021	Change
Revenue	$240,000	$185,596	+0.3%
Expenses	$533,728	$303,526	+0.8%
Net Income	$-293,728	$-117,930	+1.5%

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

N/A

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
Maurice Alston	Board member	5.00	Director	$0	$0	$0
Cornel Jackson	Board member	5.00	Director	$0	$0	$0
Delroy Levy	Board member	5.00	Director	$0	$0	$0
Toure Samuels	Board member	5.00	Director	$0	$0	$0
Talita Mattos	Board member	5.00	Director	$0	$0	$0
Monique Charles	Board Member	5.00	Director	$0	$0	$0
Sheree Palmer	Board member	5.00	Director	$0	$0	$0
Fernandez McKenley	board member	5.00	Director	$0	$0	$0
Michelle Cadore	Board Member	5.00	Director	$0	$0	$0
June Oconnor	Executive Director	40.00	Officer Highest	$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
2023	$240,000	$533,728	$80,100	$-293,728
2022	$185,596	$303,526	$332,940	$-117,930
2021	$158,516	$222,008	$129,936	$-63,492
2020	$180,552	$218,075	$124,006	$-37,523
2019	$141,086	$141,086	$392,069	No data
2018	$195,867	$191,950	$392,069	$3,917

The Garvey School