NEWBURGH PREPARATORY CHARTER HIGH … - 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

2012

Legal Domicile

Principal Officer

LISA SILVERSTONE

Phone

8455654040

Tax Period

2018-07-01 to 2018-12-31

NEWBURGH PREPARATORY CHARTER HIGH SCHOOL, founded in 2012, is a micro nonprofit that reported $56K in total revenue in fiscal year 2018. Revenue fell 104% from the prior year — a significant decline worth monitoring.

Mission

THE FOUNDING GROUP AND BOARD OF TRUSTEES HAVE A CORE BELIEF THAT STUDENTS WHO HAVE LEFT HIGH SCHOOL BEFORE GRADUATIONS, OR WHO HAVE NOT HAD ACADEMIC SUCCESS IN A TRADITIONAL SCHOOL ENVIRONMENT, HAVE THE RIGHT TO A FREE AND APPROPRIATE EDUCATION. WE BELIEVE THAT EDUCATION IS KEY FOR TRANSITIONING INTO SELF-SUFFICIENCY. WITH INDIVIDUALIZED ATTENTION, PLANNING, AND PROGRAMMING, ALL STUDENTS CAN LEARN, CAN GRADUATE, CAN GO TO COLLEGE, AND CAN HAVE A SUCCESSFUL CAREER.

Program Service Accomplishments

Program 1

AS OF JUNE 30, 2018, THE NEWBURGH PREPARATORY CHARTER HIGH SCHOOL HAS PERMANENTLY DISCONTINUED THEIR OPERATIONS AS A CHARTER SCHOOL. THE CHARTER SCHOOL OPERATIONS HAVE CEASED DUE TO THE BOARD OF...

AS OF JUNE 30, 2018, THE NEWBURGH PREPARATORY CHARTER HIGH SCHOOL HAS PERMANENTLY DISCONTINUED THEIR OPERATIONS AS A CHARTER SCHOOL. THE CHARTER SCHOOL OPERATIONS HAVE CEASED DUE TO THE BOARD OF REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK NOT RENEWING THE ORGANIZATION'S PROVISIONAL CHARTER. AS OF DECEMBER 31, 2018, THE CHARTER SCHOOL HAS LIQUIDATED ALL OF ITS ASSETS AND RECORDED ALL EXPENSES ASSOCIATED WITH WINDING DOWN THEIR OPERATIONS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,012

Investment Income $-71,633

Other Revenue $0

TOTAL REVENUE $-55,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,775

Fundraising Expenses $0

Other Expenses $105,840

TOTAL EXPENSES $136,615

Year-over-Year Comparison

	2018	2017	Change
Revenue	$-55,621	$1,265,620	-1.0%
Expenses	$136,615	$1,595,834	-0.9%
Net Income	$-192,236	$-330,214	-0.4%

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

N/A

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

$12,721

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MINDY ROSS	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA SILVERSTONE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DECORA SANDIFORD	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS FITZGERALD	TRUSTEE	0.50	Director	$0	$0	$0
MARTIN COLAVITO	TRUSTEE	0.50	Director	$0	$0	$0
WALTER CALLAHAN	TREASURER	1.00	Officer Director	$0	$0	$0
REGINA CIESLAK	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
RAYMOND RODRIGUEZ	TRUSTEE	0.50	Director	$0	$0	$0
CHERYL GROSS	COMPTROLLER	40.00	Officer	$12,721	$0	$12,721

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
2018	$-55,621	$136,615	No data	$-192,236

NEWBURGH PREPARATORY CHARTER HIGH SCHOOL