KINGSTON EDUCATIONAL HOLDINGS I INC (EIN 453986301) - 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

ERICA GROHMAN

Phone

9736220905

Tax Period

2023-07-01 to 2024-06-30

KINGSTON EDUCATIONAL HOLDINGS I INC, founded in 2011, is a community nonprofit in the Education sector that reported $6.0M in total revenue in fiscal year 2023. Expenses of $7.7M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO ASSIST TEAM ACADEMY CHARTER SCHOOL, INC. ("TEAM") WITH FINANCING IMPROVEMENTS AND RENOVATIONS TO VARIOUS SCHOOL FACILITIES OPERATED OR TO BE OPERATED BY TEAM AS PUBLIC CHARTER SCHOOL FACILITIES IN NEWARK, NEW JERSEY.

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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 $4,174,255

Program Service Revenue $1,610,186

Investment Income $220,297

Other Revenue $0

TOTAL REVENUE $6,004,738

Expense Breakdown

Grants Paid $630,295

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,674,934

Other Expenses $7,084,312

TOTAL EXPENSES $7,714,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,004,738	$5,869,915	+0.0%
Expenses	$7,714,607	$7,866,870	0.0%
Net Income	$-1,709,869	$-1,996,955	-0.1%

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

N/A

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
TIMOTHY CARDEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
DANIEL ADAN	TREASURER	2.00	Officer Director	$0	$0	$0
STEVEN SMALL	MEMBER	2.00	Director	$0	$0	$0
GABRIELLA DIFILIPPO	SECRETARY (NON-VOTING)	2.00	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	No data	No data	No data	No data
2024	$6,004,738	$7,714,607	$69,854,534	$-1,709,869
2023	$5,869,915	$7,866,870	$71,109,399	$-1,996,955
2022	$5,822,683	$7,040,287	$70,775,295	$-1,217,604
2021	$10,002,519	$9,663,026	$69,517,462	$339,493
2020	$5,645,178	$7,139,889	$69,194,320	$-1,494,711
2019	$5,819,348	$7,053,050	$70,971,676	$-1,233,702
2018	$6,155,141	$7,048,210	$71,372,310	$-893,069

KINGSTON EDUCATIONAL HOLDINGS I INC