FRIENDS OF NORTHWEST BROOKLYN INC (EIN 454593271) - 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

JOSHUA BEAUREGARD

Phone

9175840850

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF NORTHWEST BROOKLYN INC, founded in 2011, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 50% operating margin.

Mission

IMPROVING THE QUALITY OF PUBLIC EDUCATION AND EDUCATIONAL OPPORTUNITIES PROVIDED TO THE CHILDREN OF NEW YORK CITY BY PROVIDING FINANCIAL SUPPORT TO AID WITH THE DEVELOPMENT, FORMATION, OPERATION AND ADMINISTRATION OF CHARTER SCHOOLS IN NEW YORK CITY, INCLUDING THE DEVELOPMENT AND OPERATIONS OF THE UNITY PREPARATORY CHARTER SCHOOL OF BROOKLYN.

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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 $167,593

Program Service Revenue $236,333

Investment Income $191,994

Other Revenue $2,385,017

TOTAL REVENUE $2,980,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,168

Program Expenses $925,499

Other Expenses $1,483,745

TOTAL EXPENSES $1,483,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,980,937	$1,521,207	+1.0%
Expenses	$1,483,745	$769,286	+0.9%
Net Income	$1,497,192	$751,921	+1.0%

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

$221,341

Total Directors

$221,341

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA BEAUREGARD	PRESIDENT	1.00	Officer Director	$0	$33,840	$221,341
JOSIAH SLOTNICK	SECRETARY	1.00	Officer Director	$0	$0	$0
JAKE ELGHANAYAN	TREASURER	1.00	Officer Director	$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	$2,980,937	$1,483,745	$28,503,010	$1,497,192
2024	No data	No data	No data	No data
2023	$1,609,620	$1,030,369	$26,121,246	$579,251
2022	$166,932	$277,169	$32,925,912	$-110,237
2021	$232,935	$361,868	$4,081,615	$-128,933
2020	$400,073	$135,358	$3,443,329	$264,715
2019	$609,015	$99,527	$2,653,825	$509,488
2018	$386,169	$219,399	$1,974,093	$166,770

FRIENDS OF NORTHWEST BROOKLYN INC