JERSEY SHORE FREE SCHOOL INC (EIN 263986057) - 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

2009

Legal Domicile

Principal Officer

KATIE FINN

Phone

7322165359

Tax Period

2024-01-01 to 2024-12-31

JERSEY SHORE FREE SCHOOL INC, founded in 2009, is a small nonprofit in the Education sector that reported $180K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $256K exceeded revenue, resulting in a 42% operating deficit.

Mission

OUR SCHOOL IS A PRIVATE, NON-PROFIT, OPEN ENROLLMENT SCHOOL FOR STUDENTS PRE-K THROUGH 12. IN 2024 WE HAD BETWEEN 21 AND 26 STUDENTS (BASED ON NEW ENROLLMENTS)

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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 $0

Program Service Revenue $180,224

Investment Income $0

Other Revenue $0

TOTAL REVENUE $180,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,840

Fundraising Expenses $0

Program Expenses $226,495

Other Expenses $151,521

TOTAL EXPENSES $256,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,224	$256,271	-0.3%
Expenses	$256,361	$235,259	+0.1%
Net Income	$-76,137	$21,012	-4.6%

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

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
KATIE FINN	PRESIDENT	1.00	Officer	$0	$0	$0
JAMIE PETERSON	BOARD MEMBER	1.00	Officer	$0	$0	$0
ROXANNE RIVINGSTON	BOARD MEMBER	1.00	Officer	$0	$0	$0
RAYA FLIKER	BOARD MEMBER	1.00	Officer	$0	$0	$0
CHRISTINE MISKINIS	BOARD MEMBER	1.00	Officer	$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
2024	$180,224	$256,361	$491,345	$-76,137
2023	$256,271	$235,259	$567,486	$21,012
2022	$203,613	$251,451	$546,474	$-47,838
2021	$233,635	$271,202	$594,312	$-37,567
2020	$403,786	$275,451	$602,330	$128,335
2019	$445,071	$259,152	$434,476	$185,919
2018	$494,555	$304,641	$248,557	$189,914

JERSEY SHORE FREE SCHOOL INC