CHOICE CHARTER SCHOOL (EIN 274626258) - 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

2010

Legal Domicile

Principal Officer

ABEKU HAYES

Phone

3472269094

Tax Period

2023-07-01 to 2024-06-30

CHOICE CHARTER SCHOOL, founded in 2010, is a community nonprofit in the Education sector that reported $5.8M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $6.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE SCHOOL OFFERS AN ALTERNATIVE METHOD OF EDUCATION IN THE SOUTH BRONX COMMUNITY.

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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 $478,729

Program Service Revenue $5,294,289

Investment Income $4

Other Revenue $1,262

TOTAL REVENUE $5,774,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,567,108

Fundraising Expenses $0

Program Expenses $5,473,404

Other Expenses $2,792,469

TOTAL EXPENSES $6,359,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,774,284	$6,824,030	-0.2%
Expenses	$6,359,577	$6,964,562	-0.1%
Net Income	$-585,293	$-140,532	+3.2%

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

$183,963

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL GULYAKO	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JASON GARCIA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHRYN CREECH	SECRETARY	1.00	Officer Director	$0	$0	$0
HALDUN MULTU	TREASURER	1.00	Officer Director	$0	$0	$0
DENISE CLAY	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY JORDON	TRUSTEE	1.00	Director	$0	$0	$0
BOBY KATUMKEERYLI	TRUSTEE	1.00	Director	$0	$0	$0
IRINA SHAORSHADZE	TRUSTEE	1.00	Director	$0	$0	$0
ABEKU B HAYES	PRINCIPAL	40.00	Officer	$174,048	$9,915	$183,963
ALYSSA NORRIS	DIRECTOR OF INSTRUCTION	40.00	Highest	$103,594	$2,100	$105,694

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	$5,774,284	$6,359,577	$5,973,216	$-585,293
2023	$6,824,030	$6,964,562	$8,498,276	$-140,532
2022	$7,128,658	$6,771,579	$2,123,787	$357,079
2021	$6,060,268	$6,186,407	$1,836,970	$-126,139
2020	$6,673,740	$6,316,890	$2,239,104	$356,850
2019	$6,460,607	$5,845,852	$2,023,177	$614,755
2018	$6,229,822	$5,670,024	$1,543,295	$559,798

CHOICE CHARTER SCHOOL