HEKETI COMMUNITY CHARTER 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

2010

Legal Domicile

Principal Officer

DAVID ROSAS

Phone

3477356678

Tax Period

2020-07-01 to 2021-06-30

HEKETI COMMUNITY CHARTER SCHOOL, founded in 2010, is a micro nonprofit that reported $4K in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $292K exceeded revenue, resulting in a 6954% operating deficit.

Mission

TO PROVIDE AN EXCEPTIONAL EDUCATIONAL SOLUTION THROUGH AN INTEGRATED EDUCATIONAL DESIGN WITH HIGH EXPECTATIONS, EXTENSIVE ACADEMIC AND SOCIAL-EMOTIONAL SUPPORT, AND A HIGH LEVEL OF FAMILY AND COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $205,914 Revenue: $0

HEKETI COMMUNITY CHARTER SCHOOL IS AN ELEMENTARY SCHOOL WHICH OPENED IN THE SOUTH BRONX IN THE FALL OF 2012 AND SERVED KINDERGARTEN THROUGH GRADE FIVE. ON MARCH 30,2020, THE BOARD AGREED TO CEASE...

HEKETI COMMUNITY CHARTER SCHOOL IS AN ELEMENTARY SCHOOL WHICH OPENED IN THE SOUTH BRONX IN THE FALL OF 2012 AND SERVED KINDERGARTEN THROUGH GRADE FIVE. ON MARCH 30,2020, THE BOARD AGREED TO CEASE OPERATIONS. THE SCHOOL COMPLETED ITS 2019-2020 SCHOOL YEAR AND HAS CEASED OPERATING ITS NOT-FOR-PROFIT EDUCATIONAL PROGRAM ON JUNE 30, 2020.

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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 (2020)

Revenue Breakdown

Contributions & Grants $37

Program Service Revenue $0

Investment Income $226

Other Revenue $3,879

TOTAL REVENUE $4,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,035

Fundraising Expenses $0

Program Expenses $205,914

Other Expenses $96,152

TOTAL EXPENSES $292,187

Year-over-Year Comparison

	2020	2019	Change
Revenue	$4,142	$5,849,897	-1.0%
Expenses	$292,187	$7,802,970	-1.0%
Net Income	$-288,045	$-1,953,073	-0.9%

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

Total Directors

Key Employees

$202,198

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ROSAS	SCHOOL DIRECTOR thru 9/30/20	40.0	Key Emp	$190,861	$11,337	$202,198
MICHELLE RUMPH	DIR. OF FINANCE thru 9/30/20	40.0	Highest	$126,873	$5,669	$132,542
ELIZABETH BLANCO-ROWE	ASST. PRINCIPAL thru 9/30/20	40.0	Highest	$128,691	$0	$128,691
JAMIE KNOX	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
GLORY CARRION-GOMES	SECRETARY	1.0	Officer Director	$0	$0	$0
EDWIN CESPEDES	BOARD MEMBER	1.0	Director	$0	$0	$0
ANAMARIA CORREA	BOARD MEMBER	1.0	Director	$0	$0	$0
SARAH KAWALING	BOARD MEMBER	1.0	Director	$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
2021	$4,142	$292,187	$256,858	$-288,045
2020	$5,849,897	$7,802,970	$967,207	$-1,953,073
2019	$6,003,957	$6,327,334	$2,581,948	$-323,377