THE SOUTH BRONX EARLY COLLEGE ACAD… - 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

DAVID KRULWICH

Phone

9292917700

Tax Period

2024-07-01 to 2025-06-30

THE SOUTH BRONX EARLY COLLEGE ACADEMY CHARTER SCHOOL, founded in 2013, is a community nonprofit in the Education sector that reported $8.3M in total revenue in fiscal year 2024.

Mission

THE SOUTH BRONX EARLY COLLEGE ACADEMY CHARTER SCHOOL (EARLY COLLEGE ACADEMY) PROVIDES A RIGOROUS AND COMPREHENSIVE LIBERAL ARTS EDUCATION TO STUDENTS IN THE SOUTH BRONX THROUGH A CHALLENGING, NEW YORK STATE COMMON CORE STANDARDS-ALIGNED CURRICULUM. THE EARLY COLLEGE ACADEMY PROVIDES A LEARNING ENVIRONMENT THAT EMPHASIZES DIFFERENTIATION AND PERSONALIZATION OF INSTRUCTION AND A STUDENT-CENTERED AND FULLY INCLUSIVE APPROACH TO TEACHING AND LEARNING. STUDENTS WILL GRADUATE FROM THE EARLY COLLEGE ACADEMY PREPARED FOR SUCCESS IN COLLEGE AND FOR ACTIVE AND THOUGHTFUL CITIZENSHIP.

Program Service Accomplishments

Program 1

Expenses: $6,904,546 Revenue: $6,091,855

CREATE A LEARNING ENVIRONMENT THAT EMPHASIZES DIFFERENTIATION AND PERSONALIZATION OF INSTRUCTION AND A STUDENT-CENTERED AND FULLY INCLUSIVE APPROACH TO TEACHING AND LEARNING. THIS FOCUS ON THE...

CREATE A LEARNING ENVIRONMENT THAT EMPHASIZES DIFFERENTIATION AND PERSONALIZATION OF INSTRUCTION AND A STUDENT-CENTERED AND FULLY INCLUSIVE APPROACH TO TEACHING AND LEARNING. THIS FOCUS ON THE LEARNER AS AN INDIVIDUAL ALLOWS THE SCHOOL TO SERVE THE DEMOGRAPHIC OF STUDENTS FROM THE SOUTH BRONX NEIGHBORHOOD WHERE IT'S LOCATED. THE SCHOOL SERVED 267 STUDENTS IN GRADES 6, 7 AND 8 IN 2025.

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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 $2,124,313

Program Service Revenue $6,091,855

Investment Income $70,088

Other Revenue $3,840

TOTAL REVENUE $8,290,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,936,182

Fundraising Expenses $17,443

Program Expenses $6,904,546

Other Expenses $2,946,321

TOTAL EXPENSES $8,882,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,290,096	$8,576,212	0.0%
Expenses	$8,882,503	$9,738,683	-0.1%
Net Income	$-592,407	$-1,162,471	-0.5%

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

$209,580

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVON RUSSELL	CHAIR	1.00	Officer Director	$0	$0	$0
FELICIA FRANKLIN	TREASURER	1.00	Officer Director	$0	$0	$0
NANCY BIBERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MEREDITH LEVERICH	TRUSTEE	1.00	Director	$0	$0	$0
CRYSTAL LANE	TRUSTEE	1.00	Director	$0	$0	$0
LORI CHEMLA	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA COHEN	TRUSTEE	1.00	Director	$0	$0	$0
SABRINA HOPE KING	TRUSTEE	1.00	Director	$0	$0	$0
JODI SCHNEIDER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID KRULWICH	PRINCIPAL	40.00	Officer	$196,847	$12,733	$209,580
TKEYAH S ROBINSON	VICE PRINCIPAL	40.00	Highest	$165,898	$11,934	$177,832
BEATRICE TINIO	CO-DIRECTOR OF SSS	40.00	Highest	$126,128	$35,498	$161,626
JASMINE MARKS	MATH TEACHER	40.00	Highest	$109,150	$11,978	$121,128
BRAIN FITZGIBBONS	SOCIAL STUDIES TEACHER	40.00	Highest	$110,514	$11,465	$121,979
MICHELE PAGUAGA	ELA TEACHER	40.00	Highest	$104,012	$11,465	$115,477

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	$8,290,096	$8,882,503	$18,729,238	$-592,407
2024	$8,576,212	$9,738,683	$20,684,702	$-1,162,471
2023	$9,660,831	$9,240,844	$23,036,954	$419,987
2022	$9,505,992	$8,475,025	$4,282,901	$1,030,967
2021	$8,110,781	$8,004,277	$4,160,010	$106,504
2020	$8,593,669	$8,876,467	$3,798,763	$-282,798
2019	$8,609,767	$8,427,289	$2,696,660	$182,478
2018	$7,893,046	$8,133,380	$1,910,306	$-240,334

THE SOUTH BRONX EARLY COLLEGE ACADEMY CHARTER SCHOOL