THE NEW AMERICAN ACADEMY CHARTER SCHOOL

EIN: 461609693 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$5,579,442
Total Expenses
$5,588,576
Total Assets
$3,273,147
Net Assets
$2,813,548
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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
2012
Legal Domicile
NY
Principal Officer
VARLETON MCDONALD
Phone
7183851709
Tax Period
2023-07-01 to 2024-06-30

THE NEW AMERICAN ACADEMY CHARTER SCHOOL, founded in 2012, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2023.

Mission

THE NEW AMERICAN ACADEMY CHARTER SCHOOL EMPOWERS LEARNERS AND INSPIRES LEADERS TO MAKE THIS A BETTER WORLD. THROUGH OUR COLLABORATIVE TEACHER TEAMS, MASTERY-BASED CAREER LADDER, AND LOOPING CYCLES, WE OFFER PERSONALIZED RIGOROUS INSTRUCTION THAT ENABLES OUR STUDENTS TO SUCCEED IN HIGH SCHOOL, COLLEGE AND THEIR FUTURE LIVES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $538,710
Program Service Revenue $5,040,712
Investment Income $20
Other Revenue $0
TOTAL REVENUE $5,579,442

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,392,391
Fundraising Expenses $0
Program Expenses $4,725,583
Other Expenses $1,196,185
TOTAL EXPENSES $5,588,576

Year-over-Year Comparison

2023 2022 Change
Revenue $5,579,442 $5,645,517 0.0%
Expenses $5,588,576 $5,106,716 +0.1%
Net Income $-9,134 $538,801 -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

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Governance

Voting Members
5
Independent Members
5
Employees
48
Volunteers
5

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
5
$176,472
Total Directors
7
$0
Key Employees
2
$391,310
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VARLETON MCDONALD CHAIRMAN 1.00
Officer Director
$0 $0 $0
COLLEEN O'BRIEN-KELLY VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
FLUER MONROSE TREASURER - RESIGNED DURING YEAR 1.00
Officer Director
$0 $0 $0
ELIZABETH DEANGELIS SECRETARY 1.00
Officer Director
$0 $0 $0
KEVIN YU TRUSTEE - RESIGNED DURING YEAR 1.00
Director
$0 $0 $0
HOLLY SPARKS-HUNT TRUSTEE 1.00
Director
$0 $0 $0
CHRISTY CUELLAR TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER TRANI DIR. OF DATA AND FINANCE 50.00
Officer
$142,156 $34,316 $176,472
LISA PARQUETTE-SILVA PRINCIPAL 50.00
Key Emp
$202,500 $8,000 $210,500
SHEILA HOPKINS-OSNES ASSISTANT PRINCIPAL 50.00
Key Emp
$173,929 $6,881 $180,810
OLAWA GIBSON MASTER TEACHER 50.00
Highest
$145,799 $22,025 $167,824
TINA SPAIC DIRECTOR OF SPED 50.00
Highest
$125,189 $33,753 $158,942
DIAMOND MAYS LEAD PARTNER TEACHER 50.00
Highest
$119,865 $21,977 $141,842
CYNTHIS TERRY SPECIAL ED LEAD TEACHER 50.00
Highest
$112,087 $15,091 $127,178
MICHELLE PERKINS PARTNER TEACHER 50.00
Highest
$102,800 $14,720 $117,520
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 $5,579,442 $5,588,576 $3,273,147 $-9,134
2023 $5,645,517 $5,106,716 $3,348,848 $538,801
2022 $4,914,173 $4,828,094 $2,723,803 $86,079
2021 $5,230,677 $4,795,245 $2,679,891 $435,432
2020 $5,817,734 $5,393,276 $2,184,552 $424,458
2019 $5,991,711 $6,053,691 $1,919,903 $-61,980
2018 $5,848,557 $5,758,847 $1,853,906 $89,710
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