INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL (EIN 271936773) - 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

Phone

2123040103

Tax Period

2024-07-01 to 2025-06-30

INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $26.4M in total revenue in fiscal year 2024. Expenses of $31.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO EMPOWER STUDENTS IN UPPER MANHATTAN TO BECOME AGENTS FOR CHANGE THROUGH COMMUNITY-FOCUSED LEADERSHIP, CHARACTER DEVELOPMENT, & COLLEGE PREPAREDNESS.

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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 $164,893

Program Service Revenue $25,987,328

Investment Income $232,487

Other Revenue $29,736

TOTAL REVENUE $26,414,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,878,418

Fundraising Expenses $362,509

Program Expenses $20,332,786

Other Expenses $13,495,042

TOTAL EXPENSES $31,373,460

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,414,444	$26,931,858	0.0%
Expenses	$31,373,460	$29,461,573	+0.1%
Net Income	$-4,959,016	$-2,529,715	+1.0%

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

222

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

$684,965

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JHOSELYN ALMONTE	SECRETARY	1.0	Officer Director	$0	$0	$0
KATHLEEN MANGUAL	VICE CHAIR	1.0	Officer Director	$0	$0	$0
MAXWELL ROSENTHAL	CHAIRMAN	1.0	Officer Director	$0	$0	$0
STEVEN MYLNAR	TREASURER	1.0	Officer Director	$0	$0	$0
CARLOS TALERO	BOARD MEMBER	1.0	Director	$0	$0	$0
JAY PATRICK	BOARD MEMBER	1.0	Director	$0	$0	$0
JOANNE LOONEY	BOARD MEMBER	1.0	Director	$0	$0	$0
KAREN DREZNER	BOARD MEMBER	1.0	Director	$0	$0	$0
KATHLEEN SMITH	BOARD MEMBER	1.0	Director	$0	$0	$0
RESHMA KHAMIS	BOARD MEMBER	1.0	Director	$0	$0	$0
SHUVI SANTOS	BOARD MEMBER	1.0	Director	$0	$0	$0
VIC SINGH	BOARD MEMBER	1.0	Director	$0	$0	$0
BIANCA MERCEDES	CHIEF SCHOOL OFFICE	40.0	Officer	$183,186	$16,200	$199,386
CHRISTINA REYES	CEO	40.0	Officer	$240,127	$15,493	$255,620
JENNY PICHARDO	COO/CFO	40.0	Officer	$225,494	$4,465	$229,959
CLAIRE RICCARDI	DIRECTOR OF CURRICULUM & INSTRUCTION	40.0	Highest	$151,297	$23,000	$174,297
GAAYATHRY THIYAGARAJAH	ELEMENTARY SCHOOL DIRECTOR	40.0	Highest	$155,984	$7,175	$163,159
Marjorie Iglio	MIDDLE SCHOOL DIRECTOR (THRU 11/30/2024)	40.0	Highest	$154,369	$1,800	$156,169
MARY HACKETT	DIR., SCHOOL CULTURE & LEADERSHIP DEVELOPMENT	40.0	Highest	$161,121	$8,014	$169,135
TATIANA MAHONEY	DIR., FAMILY & COMMUNITY ENGAGEMENT	40.0	Highest	$147,529	$23,000	$170,529

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	$26,414,444	$31,373,460	$88,366,506	$-4,959,016
2024	$26,931,858	$29,461,573	$62,953,801	$-2,529,715
2023	$27,610,767	$27,956,897	$67,157,920	$-346,130
2022	$26,025,022	$25,751,928	$68,921,110	$273,094
2021	$23,467,581	$23,294,718	$70,977,670	$172,863
2020	$22,735,310	$22,427,032	$30,360,347	$308,278
2019	$19,808,015	$17,073,361	$30,388,879	$2,734,654
2018	$17,742,998	$14,629,611	$27,038,969	$3,113,387

INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL