INNOVATION CHARTER HIGH SCHOOL

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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

Phone

2127228571

Tax Period

2023-07-01 to 2024-06-30

INNOVATION CHARTER HIGH SCHOOL, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $10.1M in total revenue in fiscal year 2023.

Mission

INNOVATION NURTURES AND DEVELOPS STUDENTS TO BE ACADEMICALLY SUCCESSFUL, SOCIALLY MATURE, EMOTIONALLY HEALTHY, AND EQUIPPED TO LEAD SELF-DIRECTED AND FULFILLING LIVES. THREE-TIERED EDUCATIONAL MODEL OF CORE CLASSROOM INSTRUCTION, PORTFOLIO-BASED ANNUAL INDIVIDUAL PROJECTS, AND HANDS-ON EXPERIENTIAL LEARNING.

Program Service Accomplishments

Program 1

Expenses: $6,120,275 Revenue: $7,378,182

TO PROVIDE QUALITY EDUCATION TO NEW YORK CITY HIGH SCHOOL STUDENTS. IN 2024, INNOVATION CHARTER HIGH SCHOOL SERVED 402 STUDENTS.

Program 2

Expenses: $2,918,281 Revenue: $1,915,409

TO PROVIDE QUALITY SPECIAL EDUCATION TO NEW YORK CITY HIGH SCHOOL STUDENTS. IN 2024, INNOVATION CHARTER HIGH SCHOOL SERVED 132 SPECIAL EDUCATION STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $707,404

Program Service Revenue $9,293,591

Investment Income $78,362

Other Revenue $4,735

TOTAL REVENUE $10,084,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,720,585

Fundraising Expenses $14,157

Program Expenses $9,038,556

Other Expenses $1,554,217

TOTAL EXPENSES $10,274,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,084,092	$10,254,965	0.0%
Expenses	$10,274,802	$10,074,699	+0.0%
Net Income	$-190,710	$180,266	-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

Governance

Voting Members

Independent Members

Employees

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

$703,372

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Callie Hull	TREASURER	1.0	Officer Director	$0	$0	$0
LATOYA MASSEY	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
MONIQUE FRANCIS	SECRETARY/PARENT REP	1.0	Officer Director	$0	$0	$0
TAVANNIE PEREZ	VICE CHAIRPERSON	1.0	Officer Director	$0	$0	$0
Elsie Encarnacion	TRUSTEE	1.0	Director	$0	$0	$0
JARED MCSHALL	TRUSTEE	1.0	Director	$0	$0	$0
RAMON PERDOMO	TRUSTEE	1.0	Director	$0	$0	$0
SONA KARIA	TRUSTEE	1.0	Director	$0	$0	$0
Danielle Martin	Dean of Discipline	40.0	Officer	$127,451	$16,570	$144,021
Sean V Pawelec	Science Teacher, Science Dept Chair, AP Teacher- Computer Science	40.0	Officer	$118,389	$30,926	$149,315
Stephen H Falla Riff	Executive Director	40.0	Officer	$199,022	$6,285	$205,307
Terence A Joseph	Principal	40.0	Officer	$171,797	$32,932	$204,729
Emily Bierwirth	Dean of Students	40.0	Highest	$120,178	$14,267	$134,445
Ira L Yasbin	Assistant Principal	40.0	Highest	$147,051	$27,727	$174,778
Jesse W Matthews	At Risk Program manager Title I	40.0	Highest	$132,012	$4,581	$136,593
Kristen A Hjemvick	SPED Department Chair	40.0	Highest	$121,262	$7,429	$128,691
Tereena K Somayya	CCR Department Chair/ AVID Coordinator and Guidance Counselor	40.0	Highest	$120,417	$32,347	$152,764

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	No data	No data	No data	No data
2024	$10,084,092	$10,274,802	$5,819,530	$-190,710
2023	$10,254,965	$10,074,699	$5,825,326	$180,266
2022	$10,690,425	$9,987,211	$5,654,708	$703,214
2021	$9,223,955	$9,042,790	$4,905,779	$181,165
2020	$9,031,796	$8,540,083	$4,603,888	$491,713
2019	$9,282,938	$9,444,861	$3,985,784	$-161,923
2018	$9,678,858	$9,896,760	$4,366,398	$-217,902