NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PROVIDE HIGH QUALITY, STANDARDS-BASED ACADEMIC PROGRAMS FOR STUDENTS, GRADES K-12.
THE PROMISE ACADEMY IS UNPARALLELED IN ITS EXCELLENCE, RIGOR, AND CARE. IN ADDITION TO A HIGH-QUALITY, STANDARDS-BASED EDUCATION STUDENTS AND THEIR FAMILIES HAVE ACCESS TO HCZ'S COMPREHENSIVE NETWORK...
THE PROMISE ACADEMY IS UNPARALLELED IN ITS EXCELLENCE, RIGOR, AND CARE. IN ADDITION TO A HIGH-QUALITY, STANDARDS-BASED EDUCATION STUDENTS AND THEIR FAMILIES HAVE ACCESS TO HCZ'S COMPREHENSIVE NETWORK OF SUPPORTS, INCLUDING COUNSELING, BENEFITS ASSISTANCE, AND OTHER SOCIAL SERVICES. OUR PROMISE IS TO DO WHATEVER IT TAKES TO ADDRESS ANY ISSUE, EVEN THOSE OUTSIDE OF THE CLASSROOM, THAT CAN HINDER A CHILD'S FUTURE. OUR APPROACH IS TO ADDRESS THE WHOLE CHILD, AND TO DO SO OVER YEARS AND YEARS. THAT MEANS WE OFFER A HIGH-QUALITY EDUCATION, AND WE ALSO DO WHATEVER IT TAKES TO ADDRESS ANY ISSUE EVEN THOSE OUTSIDE THE CLASSROOM THAT CAN HINDER A CHILD'S SUCCESS. WE HAVE HUNDREDS OF EXPERIENCED FACULTY DEDICATED TO FOSTERING OUR SCHOLARS' INTELLIGENCE, HEALTH, CHARACTER, AND CIVIC-MINDEDNESS. OUR TWO K-12 SCHOOLS HAVE LONGER SCHOOL DAYS AND YEARS THAN TRADITIONAL PUBLIC SCHOOLS, SO SCHOLARS HAVE THE TIME THEY NEED TO MASTER THEIR CORE SUBJECTS AND TO FULLY EXPERIENCE THE SCIENCES, THE ARTS, AND PHYSICAL FITNESS. TO THAT END, THE SCHOOL HAS AN EXTENDED SCHOOL DAY TO GIVE STUDENTS MORE TIME ON-TASK TO MASTER BASIC SUBJECTS AND HAVE ENOUGH TIME TO PURSUE SCIENCE, SOCIAL STUDIES, THE ARTS AND PHYSICAL EDUCATION. THE STUDENTS ALSO HAVE ACCESS TO A FREE AFTER-SCHOOL PROGRAM THAT WORKS HAND IN HAND WITH THE DAY SCHOOL AS WELL AS OFFERING STUDENTS ENRICHMENT CLASSES IN A VARIETY OF DISCIPLINES SUCH AS DANCE, PHOTOGRAPHY, CHESS AND MORE. THE SCHOOL ALSO HAS A MULTI-FACETED PROGRAM TO MAKE SURE STUDENTS ARE READY FOR COLLEGE, WHICH INCLUDES SAT PREPARATION CLASSES, COLLEGE COUNSELING AND CAMPUS VISITS, AS WELL AS SUPPORT FOR THE COLLEGE APPLICATION AND SELECTION PROCESSES. AS A RESULT, PROMISE ACADEMY STUDENTS ACHIEVE HIGHER AGGREGATE SCORES ON THE ENGLISH LANGUAGE ARTS TEST THAN STUDENTS IN THE LOCAL DISTRICT 5, NEW YORK CITY AS A WHOLE, NEW YORK STATE AS A WHOLE, NEW YORK STATE WHITE AND BLACK STUDENTS, AND NEW YORK CITY BLACK STUDENTS. ON THE MATH EXAM, THEY OUTPERFORM THE LOCAL DISTRICT, NEW YORK CITY, NEW YORK STATE, NEW YORK CITY BLACKS STUDENTS, NEW YORK CITY AND NEW YORK STATE WHITE STUDENTS. FOR MORE DETAILED INFORMATION ABOUT THE ACADEMY'S PROGRAMMATIC ACTIVITIES, PLEASE VISIT WWW.HCZPROMISE.ORG.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II with other nonprofits in New York and across the country.