CENTRAL QUEENS ACADEMY CHARTER SCHOOL (EIN 453686922) - 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

2011

Legal Domicile

Principal Officer

ASHISH KAPADIA

Phone

7182716200

Tax Period

2024-07-01 to 2025-06-30

CENTRAL QUEENS ACADEMY CHARTER SCHOOL, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $31.0M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $29.6M left a modest 5% surplus.

Mission

TO PREPARE STUDENTS FOR SUCCESS IN EDUCATION, THE WORKFORCE, AND THE COMMUNITY.

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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 $30,450,062

Program Service Revenue $0

Investment Income $563,636

Other Revenue $5,882

TOTAL REVENUE $31,019,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,155,807

Fundraising Expenses $486,562

Program Expenses $27,394,493

Other Expenses $13,413,336

TOTAL EXPENSES $29,569,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,019,580	$23,176,953	+0.3%
Expenses	$29,569,143	$19,827,073	+0.5%
Net Income	$1,450,437	$3,349,880	-0.6%

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

167

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

$397,136

Total Directors

Key Employees

$215,627

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE WU	CHAIR	1.00	Officer Director	$0	$0	$0
SONIA PARK	CO VICE CHAIR	1.00	Officer Director	$0	$0	$0
CATHY TSE	CO VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICK RUVKUN	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL TANG	SECRETARY	1.00	Officer Director	$0	$0	$0
SUVADIP BOSE	TRUSTEE	1.00	Director	$0	$0	$0
REBEKAH T COLEMAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE V HALLAM	TRUSTEE	1.00	Director	$0	$0	$0
TOM NG	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE SABER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL E LEE	TRUSTEE	1.00	Director	$0	$0	$0
LINDSEY M SEYMORE	TRUSTEE	1.00	Director	$0	$0	$0
ASHISH KAPADIA	EXECUTIVE DIRECTOR	40.00	Officer	$199,458	$0	$199,458
MICHELLE DALPIAZ	CFO	40.00	Officer	$169,586	$28,092	$197,678
GLENN LIEBECK	DIRECTOR OF SCHOOLS	40.00	Key Emp	$178,724	$36,903	$215,627
DEE ANN MARTELL	PRINCIPAL	40.00	Highest	$164,119	$14,881	$179,000
MICHELLE FEIRMAN	PRINCIPAL	40.00	Highest	$154,253	$23,511	$177,764
SHANNON-RE ISMAEL	PRINCIPAL	40.00	Highest	$141,576	$21,238	$162,814
MELISSA KINSELLA	DIRECTOR OF ADVANCEMENT	40.00	Highest	$136,931	$20,307	$157,238
PETER MARGULIES	ASSISTANT PRINCIPAL	40.00	Highest	$129,829	$3,895	$133,724

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	$31,019,580	$29,569,143	$145,630,354	$1,450,437
2024	$23,176,953	$19,827,073	$111,688,506	$3,349,880
2023	$18,880,619	$17,323,927	$104,823,277	$1,556,692
2022	$12,175,425	$9,969,606	$14,405,586	$2,205,819
2021	$9,960,474	$8,118,895	$11,574,386	$1,841,579
2020	$8,470,933	$7,717,926	$10,930,903	$753,007
2019	$9,736,475	$6,834,200	$9,003,512	$2,902,275

CENTRAL QUEENS ACADEMY CHARTER SCHOOL