KIPP COOPER NORCROSS INC A NEW JERSEY NONPROFIT CORPORATION (EIN 455040456) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

ERICA GROHMAN

Phone

9737053209

Tax Period

2024-07-01 to 2025-06-30

KIPP COOPER NORCROSS INC A NEW JERSEY NONPROFIT CORPORATION, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $74.1M in total revenue in fiscal year 2024.

Mission

THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF THE SECTION 501(C)(3) OF THE IRS REVENUE CODE OF 1986 TO OPRATE NONPROFIT EDUCATIONAL INSTITUTIONS IN NJ.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $72,126,309

Program Service Revenue $68,001

Investment Income $1,772,217

Other Revenue $180,000

TOTAL REVENUE $74,146,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,922,488

Fundraising Expenses $387,747

Program Expenses $58,021,220

Other Expenses $39,191,063

TOTAL EXPENSES $78,113,551

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,146,527	$72,370,182	+0.0%
Expenses	$78,113,551	$75,991,012	+0.0%
Net Income	$-3,967,024	$-3,620,830	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

499

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
RAHUL GOYAL	PRESIDENT AND TRUSTEE	2.00	Officer Director	$0	$0	$0
MICHAEL GOODMAN	TRUSTEE	2.00	Director	$0	$0	$0
JORDAN METZGER	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE CHOI	TRUSTEE	2.00	Director	$0	$0	$0
KATHLEEN NUGENT HUGHES	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY WELCH	TRUSTEE	2.00	Director	$0	$0	$0
LISA MORINA	TRUSTEE	2.00	Director	$0	$0	$0
LAPREE BURGESS	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER KEATING	TRUSTEE (UNTI 8/19/24)	2.00	Director	$0	$0	$0
RYAN HILL	CHIEF SCHOOLS ADMIN	5.00	Officer	$0	$0	$0
ERICA GROHMAN	CFO	10.00	Officer	$0	$0	$0
DREW MARTIN	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$0
ANNE KADOWAKI	MANAGING DIRECTOR	40.00	Highest	$253,709	$12,181	$265,890
BRIDGIT CUSATO-ROSA	SCHOOL LEADER	40.00	Highest	$187,626	$33,116	$220,742
CHARLES STANLEY	HEAD OF SCHOOLS	40.00	Highest	$182,388	$10,681	$193,069
ALBERY CORONA	MANAGING DIR. OF SCHOOL OPERATIONS	40.00	Highest	$177,700	$0	$177,700
TRAVIS DEMPSEY	HEAD OF SCHOOLS	40.00	Highest	$169,602	$33,116	$202,718

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	$74,146,527	$78,113,551	$202,576,178	$-3,967,024
2024	$72,370,182	$75,991,012	$205,235,922	$-3,620,830
2023	$65,584,678	$63,463,516	$211,683,054	$2,121,162
2022	$52,820,020	$50,473,172	$149,839,961	$2,346,848
2021	$49,986,019	$41,556,236	$124,104,698	$8,429,783
2020	$37,471,886	$39,162,157	$121,615,227	$-1,690,271
2019	$33,754,642	$34,916,409	$108,114,162	$-1,161,767
2018	$31,636,223	$35,627,414	$107,016,051	$-3,991,191

KIPP COOPER NORCROSS INC A NEW JERSEY NONPROFIT CORPORATION