Friends of Academy Charter High School

EIN: 311610624 501(c)(3) Education

Lake Como, NJ

Total Revenue
$117,507
Total Expenses
N/A
Total Assets
$3,552,644
Net Assets
$1,987,533
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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
1998
Legal Domicile
NJ
Principal Officer
Mary Jo McKinley
Phone
8482076782
Tax Period
2024-07-01 to 2025-06-30

Friends of Academy Charter High School, founded in 1998, is a small nonprofit in the Education sector that reported $118K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring.

Mission

Organized and operated exclusively for the betterment of public education within the School District of Asbury Park

Program Service Accomplishments

Program 1

Provide school facilities for operation of Charter School

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $117,507
TOTAL REVENUE $117,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $117,507 $292,879 -0.6%
Expenses N/A $14,329 -1.0%
Net Income N/A $278,550 N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Jo McKinley President Treasurer 002.00
Officer
$0 $0 $0
Fred Hope VP 001.00
Officer
$0 $0 $0
Biswadeep Ganguly Member 001.00
Officer
$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
2025 $117,507 No data $3,552,644 No data
2019 $143,080 $20,621 $3,505,449 $122,459
2018 $109,312 $20,852 $3,481,393 $88,460
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