SUCCESS ACADEMY CHARTER SCHOOLS - NYC (EIN 364629540) - 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

2008

Legal Domicile

Phone

6462777170

Tax Period

2024-07-01 to 2025-06-30

SUCCESS ACADEMY CHARTER SCHOOLS - NYC, founded in 2008, is a major nonprofit in the Education sector that reported $452.6M in total revenue in fiscal year 2024. Expenses of $418.5M left a modest 8% surplus.

Mission

TO BUILD EXCEPTIONAL, WORLD-CLASS PUBLIC SCHOOLS THAT EMPOWER CHILDREN FROM ALL BACKGROUNDS TO SUCCEED IN COLLEGE AND LIFE, AND ADVOCATE FOR POLICIES THAT EXPAND ACCESS TO EDUCATIONAL OPPORTUNITY.

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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 $30,231,100

Program Service Revenue $411,584,149

Investment Income $10,834,156

Other Revenue $0

TOTAL REVENUE $452,649,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,233,344

Fundraising Expenses $0

Program Expenses $378,607,918

Other Expenses $216,296,772

TOTAL EXPENSES $418,530,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$452,649,405	$452,629,748	+0.0%
Expenses	$418,530,116	$396,032,324	+0.1%
Net Income	$34,119,289	$56,597,424	-0.4%

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

4142

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORENZO SMITH	CHAIRMAN	2.0	Officer Director	$0	$0	$0
SCOTT FRIEDMAN	VICE CHAIR/TREASURER	2.0	Officer Director	$0	$0	$0
SULEMAN LUNAT	SECRETARY	2.0	Officer Director	$0	$0	$0
AARON KINNARI	TRUSTEE	1.0	Director	$0	$0	$0
DERRELL BRADFORD	TRUSTEE	1.0	Director	$0	$0	$0
EDWIN CESPEDES	TRUSTEE	1.0	Director	$0	$0	$0
KAMILAH MITCHELL-THOMAS	TRUSTEE	1.0	Director	$0	$0	$0
LIZETTE ST HILAIRE	TRUSTEE	1.0	Director	$0	$0	$0
RAMIN BEHESHTI	TRUSTEE (THRU 03/2025)	1.0	Director	$0	$0	$0
RIPAN KADAKIA	TRUSTEE	1.0	Director	$0	$0	$0
ROBIN PZENA	TRUSTEE	1.0	Director	$0	$0	$0
SAMUEL COLE	TRUSTEE	1.0	Director	$0	$0	$0
NATHANIEL KATZ	CHIEF FINANCIAL OFFICER (EFF. 09/2024)	10.0	Officer	$0	$0	$0
SHABBIR AHMED	CHIEF FINANCIAL OFFICER (THRU 02/2025)	10.0	Officer	$0	$0	$0
KALEIGH MAINES	SENIOR LEADER AT SA HUDSON YARD ES	55.0	Highest	$174,738	$16,972	$191,710
SAMANTHA LALLI	SENIOR LEADER AT SA SPRINGFIELD GARDENS MS	55.0	Highest	$176,018	$15,147	$191,165
SARAH COLLINS	SENIOR LEADER AT SA HARLEM EAST MS	55.0	Highest	$170,927	$14,426	$185,353
SHANNON BEATTY	SENIOR LEADER AT SA BUSHWICK ES	55.0	Highest	$191,252	$16,601	$207,853
THOMAS WILSON	MIDDLE SCHOOL TEACHER AT SA BRONX MS	55.0	Highest	$221,585	$22,757	$244,342

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	$452,649,405	$418,530,116	$374,162,963	$34,119,289
2024	No data	No data	No data	No data
2023	$417,566,607	$353,023,946	$305,843,725	$64,542,661
2022	$399,222,854	$342,262,454	$212,407,315	$56,960,400
2021	$391,023,772	$322,649,810	$153,203,967	$68,373,962
2020	$332,804,381	$299,646,803	$87,603,548	$33,157,578
2019	$297,337,868	$286,294,830	$74,914,075	$11,043,038
2018	$263,945,653	$273,422,216	$72,476,188	$-9,476,563

SUCCESS ACADEMY CHARTER SCHOOLS - NYC