EAST HARLEM SCHOLARS ACADEMY CHARTER SCHOOL (EIN 274713450) - 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

MARINA COFIELD

Phone

2123482518

Tax Period

2024-07-01 to 2025-06-30

EAST HARLEM SCHOLARS ACADEMY CHARTER SCHOOL, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $36.1M in total revenue in fiscal year 2024. Expenses of $41.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE A HIGH-PERFORMING, STUDENT-CENTERED LEARNING ENVIRONMENT FOR STUDENTS IN GRADE K-12.

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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 $5,258,411

Program Service Revenue $30,750,042

Investment Income $15

Other Revenue $86,783

TOTAL REVENUE $36,095,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,539,404

Fundraising Expenses $885,277

Program Expenses $35,756,655

Other Expenses $18,539,016

TOTAL EXPENSES $41,078,420

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,095,251	$34,510,728	+0.0%
Expenses	$41,078,420	$37,433,832	+0.1%
Net Income	$-4,983,169	$-2,923,104	+0.7%

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

307

Volunteers

101

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

$712,089

Total Directors

Key Employees

$751,231

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM RAHM	CHAIR	2.00	Officer Director	$0	$0	$0
HOPE KNIGHT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CARLOS MORALES	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN GAVIN	TREASURER	2.00	Officer Director	$0	$0	$0
IRIS CHEN	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLA GRAY	TRUSTEE	1.00	Director	$0	$0	$0
CAROLYNE QUINTANA	TRUSTEE	1.00	Director	$0	$0	$0
JOAN SOLOTAR	TRUSTEE	1.00	Director	$0	$0	$0
SASKIA LEVY THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID WILDERMUTH	TRUSTEE	1.00	Director	$0	$0	$0
MARINA COFIELD	CHIEF EXECUTIVE OFFICER	20.00	Officer	$0	$34,614	$304,349
NYASHA MANIGAULT	CHIEF FINANCIAL OFFICER	10.00	Officer	$0	$18,179	$231,704
MARTIN PALAMORE	CHIEF SCHOOL OFFICER	40.00	Officer	$166,097	$9,939	$176,036
MAXWELL TURNER	MANAGING DIRECTOR, OPERATIONS	40.00	Key Emp	$164,671	$28,488	$193,159
JESSENIA ROMAN	PRINCIPAL, SCHOLARS ACADEMY	40.00	Key Emp	$162,977	$27,377	$190,354
BRANDON MILES SWABY	ASSISTANT PRINCIPAL	40.00	Key Emp	$156,643	$11,974	$168,617
TIFFANY THOMAS	PRINCIPAL	40.00	Key Emp	$159,313	$39,788	$199,101
GIBRAN DAVIS	MATH TEACHER 7TH GRADE	40.00	Highest	$142,754	$16,312	$159,066
ANA P MORRON	MANAGING DIRECTOR, CURRICULUM, INSTRUCTION & ASSES	40.00	Highest	$140,123	$29,764	$169,887
ANNETTA THOMPSON	KINDERGARTEN TEACHER	40.00	Highest	$138,541	$19,423	$157,964
MELISSA A SCADINA	3RD GRADE TEACHER	40.00	Highest	$137,081	$18,962	$156,043
VERONIKA HERRERA	SENIOR DIRECTOR	40.00	Highest	$145,339	$4,455	$149,794
JEFFREY GINSBURG	FORMER CEO	20.00		$0	$83	$229,250

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	$36,095,251	$41,078,420	$154,224,666	$-4,983,169
2024	No data	No data	No data	No data
2023	$35,251,355	$38,846,699	$62,694,089	$-3,595,344
2022	$33,847,102	$33,294,891	$10,082,502	$552,211
2021	$32,517,052	$27,866,521	$9,505,987	$4,650,531
2020	$25,954,346	$24,872,639	$9,497,354	$1,081,707
2019	$23,095,454	$23,001,101	$3,401,086	$94,353
2018	$20,370,413	$19,826,295	$3,702,100	$544,118

EAST HARLEM SCHOLARS ACADEMY CHARTER SCHOOL