HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II (EIN 342049530) - 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

2005

Legal Domicile

Principal Officer

KWAME OWUSU-KESSE

Phone

2123603255

Tax Period

2023-07-01 to 2024-06-30

HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $26.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $29.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE HIGH QUALITY, STANDARDS-BASED ACADEMIC PROGRAMS FOR STUDENTS, GRADES 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 (2023)

Revenue Breakdown

Contributions & Grants $25,873,611

Program Service Revenue $0

Investment Income $20

Other Revenue $146,974

TOTAL REVENUE $26,020,605

Expense Breakdown

Grants Paid $158,820

Salaries & Benefits $17,814,145

Fundraising Expenses $0

Program Expenses $27,843,304

Other Expenses $11,589,878

TOTAL EXPENSES $29,562,843

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,020,605	$27,936,105	-0.1%
Expenses	$29,562,843	$29,140,859	+0.0%
Net Income	$-3,542,238	$-1,204,754	+1.9%

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

203

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

$3,131,122

Total Directors

$2,119,189

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KWAME OWUSU-KESSE	PRESIDENT/CEO	2.00	Officer Director	$0	$247,633	$1,166,373
MITCH KURZ	TREASURER/SECRETARY	2.00	Officer Director	$0	$0	$0
GEOFFREY CANADA	CHAIRMAN	2.00	Officer Director	$0	$217,633	$952,816
KENNETH LANGONE	CHAIRMAN EMERITUS	2.00	Officer Director	$0	$0	$0
ELLANOR BODIE BRIZENDINE	TRUSTEE (NON-VOTING)	2.00	Director	$0	$0	$0
FATIME CADOO	PARENT REP (NON-VOTING)	2.00	Director	$0	$0	$0
STANLEY DRUCKENMILLER	TRUSTEE	2.00	Director	$0	$0	$0
DENISE FULLER	TRUSTEE (NON-VOTING)	2.00	Director	$0	$0	$0
WILLIE MAE LEWIS	TRUSTEE	2.00	Director	$0	$0	$0
KEITH MEISTER	TRUSTEE (NON-VOTING)	2.00	Director	$0	$0	$0
ALFONSO WYATT	TRUSTEE	2.00	Director	$0	$0	$0
CONNOR FOURNIER	CFO (THRU 02/2024)	2.00	Officer	$0	$87,393	$483,977
RALPH STEFANO	INTERM CFO (AS OF 02/2024)	2.00	Officer	$0	$0	$0
NANA A ANNAN	COO (THRU 07/2023)	2.00	Officer	$0	$122,381	$527,956
AJENE A CHRISTIAN	ASSISTANT PRINCIPAL	40.00	Highest	$215,136	$56,454	$271,590
AMANDA NEAL	PRINCIPAL	40.00	Highest	$249,616	$56,637	$306,253
RYAN CARROLL	PRINCIPAL	40.00	Highest	$244,067	$68,256	$312,323
CHAKYIA COLES	EDUCATION DIRECTOR	40.00	Highest	$195,085	$44,349	$239,434
KENNETH WARD	ASSISTANT PRINCIPAL	40.00	Highest	$198,883	$28,612	$227,495

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	No data	No data	No data	No data
2024	$26,020,605	$29,562,843	$72,952,174	$-3,542,238
2023	$27,936,105	$29,140,859	$67,498,496	$-1,204,754
2022	$25,490,348	$26,132,331	$11,603,110	$-641,983
2021	$22,897,275	$23,098,489	$10,563,409	$-201,214
2020	$25,513,310	$23,636,843	$9,348,046	$1,876,467
2019	$22,784,583	$21,295,334	$7,128,389	$1,489,249
2018	$21,209,369	$20,843,699	$5,677,195	$365,670

HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II