MIDDLE VILLAGE PREPARATORY CHARTER… - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

JOSEPHINE LUME

Phone

7188692933

Tax Period

2024-07-01 to 2025-06-30

MIDDLE VILLAGE PREPARATORY CHARTER SCHOOL, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $12.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 15% operating margin.

Mission

TO PREPARE STUDENTS FOR SUCCESS AT A SELECTIVE COLLEGE PREPARATORY SCHOOL OF THEIR CHOICE. THE SCHOOL HAS A RIGOROUS CURRICULUM DESIGNED TO MEET AND SURPASS THE NEW YORK STATE EDUCATION DEPARTMENT REQUIREMENTS.

Program Service Accomplishments

Program 1

Expenses: $7,410,927 Revenue: $8,782,937

REGULAR EDUCATION: THE SCHOOL PREPARES STUDENTS WITH THE ACADEMIC SKILLS, STRENGTH OF CHARACTER AND SOCIAL AND EMOTIONAL WELL-BEING TO EXCEL IN HIGH SCHOOL AND COLLEGE, TO LEAD IN THEIR COMMUNITIES, AND TO REALIZE THEIR BEST POSSIBLE SELVES. THE SCHOOL OPENED WITH ITS FIRST ACADEMIC YEAR IN THE FALL OF 2013 AND PROVIDED EDUCATION TO 480 STUDENTS IN SIXTH THROUGH EIGHTH GRADE DURING THE 2024-2025 ACADEMIC YEAR.

Program 2

Expenses: $2,358,587 Revenue: $754,250

SPECIAL EDUCATION: THE SCHOOL'S SPECIAL EDUCATION TEAM SUPPORTS STUDENTS WHO HAVE AN INDIVIDUAL EDUCATION PLAN ("IEP") BUT ALSO SUPPORTS ALL STUDENTS IN THE CLASSROOMS. IN THE INTEGRATED CO-TEACHING SETTING, STUDENTS RECEIVE SMALL GROUP INSTRUCTION AND SCAFFOLD SUPPORT FOR ALL ASSIGNMENTS, TEST/QUIZZES, HOMEWORK, AND PROJECTS.

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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 $2,147,450

Program Service Revenue $9,537,187

Investment Income $761,661

Other Revenue $1,124

TOTAL REVENUE $12,447,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,799,600

Fundraising Expenses $0

Program Expenses $9,769,514

Other Expenses $4,776,394

TOTAL EXPENSES $10,575,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,447,422	$11,516,729	+0.1%
Expenses	$10,575,994	$9,634,148	+0.1%
Net Income	$1,871,428	$1,882,581	0.0%

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

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

$749,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIAN QUEZADA	DIR OF OPERA	50.00	Officer	$222,000	$17,848	$239,848
MICHELE ALLOCCA	ASST PRINCIP	50.00	Officer	$195,333	$12,921	$208,254
MARY RAFFERTY-BASILE	PRINCIPAL	50.00	Officer	$180,500	$14,512	$195,012
MELISSA DILEONARDO	SPED TEACHER	40.00	Highest	$108,681	$0	$108,681
JACQUELINE CARUANA	THEATER TEAC	40.00	Highest	$107,437	$0	$107,437
JESSICA FRITH	ASST PRINCIP	50.00	Officer	$105,888	$0	$105,888
ELIZABETH AIELLO	TEACHER	40.00	Highest	$103,427	$0	$103,427
MARIA CANDELA	TRUSTEE	2.00	Director	$0	$0	$0
CINDY DANIELSKI	TRUSTEE	2.00	Director	$0	$0	$0
GAIL GIORDANO	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSEPHINE LUME	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
SERPHIN R MALTESE	VICE-CHAIRPE	2.00	Officer Director	$0	$0	$0
MARGARET OGNIBENE	TREASURER	2.00	Officer Director	$0	$0	$0
WEST POINDEXTER	TRUSTEE	2.00	Director	$0	$0	$0
KAREN ROMMENEY	TRUSTEE	2.00	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	$12,447,422	$10,575,994	$28,772,999	$1,871,428
2024	No data	No data	No data	No data
2023	$11,111,107	$8,668,640	$28,344,393	$2,442,467
2022	$9,300,714	$6,762,808	$14,740,509	$2,537,906
2021	$8,797,272	$6,266,271	$13,720,756	$2,531,001
2020	$8,774,996	$6,716,502	$10,624,494	$2,058,494
2019	$8,635,388	$6,613,969	$8,589,666	$2,021,419
2018	$7,575,158	$6,055,189	$6,472,171	$1,519,969

MIDDLE VILLAGE PREPARATORY CHARTER SCHOOL