FRIENDS OF INTERNATIONAL CHARTER S… - 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

2014

Legal Domicile

Principal Officer

MATTHEW LEVEY

Phone

7183054199

Tax Period

2021-07-01 to 2022-06-30

FRIENDS OF INTERNATIONAL CHARTER SCHOOL OF NEW YORK INC, founded in 2014, is a small nonprofit in the Education sector that reported $182K in total revenue in fiscal year 2021. Revenue fell 93% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $112K, a strong 62% operating margin.

Mission

TO SUPPORT THE OPERATIONS OF INTERNATIONAL CHARTER SCHOOL OF NEW YORK ("ICSNY") BY MANAGING ICSNY'S REAL ESTATE AND FACILITIES-RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE FRIENDS OF ICSNY TO PROVIDE SUPPORT TO ICSNY AND ENHANCE THE EXPERIENCE OF ICSNY'S STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $69,873 Revenue: $181,553

SUPPORT FOR THE ACTIVITIES OF THE INTERNATIONAL CHARTER SCHOOL OF NEW YORK BY LEASING SPACE FOR THE SCHOOL TO INSTRUCT STUDENTS, INCLUDING MAINTENANCE AND CARE OF THE SPACE.DURING FY2022, THE...

SUPPORT FOR THE ACTIVITIES OF THE INTERNATIONAL CHARTER SCHOOL OF NEW YORK BY LEASING SPACE FOR THE SCHOOL TO INSTRUCT STUDENTS, INCLUDING MAINTENANCE AND CARE OF THE SPACE.DURING FY2022, THE ORGANIZATION STOPPED LEASING SPACE TO THE SCHOOL AND IS IN THE PROCESS OF WINDING DOWN ITS OPERATIONS DUE TO THE JUNE 2021 MERGER BETWEEN THE INTERNATIONAL CHARTER SCHOOL AND PROSPECT CHARTER SCHOOLS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $181,553

Investment Income $0

Other Revenue $0

TOTAL REVENUE $181,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,873

Other Expenses $69,873

TOTAL EXPENSES $69,873

Year-over-Year Comparison

	2021	2020	Change
Revenue	$181,553	$2,623,637	-0.9%
Expenses	$69,873	$2,684,066	-1.0%
Net Income	$111,680	$-60,429	-2.8%

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

N/A

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
MARK CARHART	PRESIDENT	2.00	Officer Director	$0	$0	$0
PETER GLUSKER	DIRECTOR	1.00	Director	$0	$0	$0
ELISSA KRAMER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW LEVEY	CFO	2.00	Officer	$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
2022	$181,553	$69,873	$727,160	$111,680
2021	$2,623,637	$2,684,066	$499,066	$-60,429
2020	$2,804,042	$2,610,656	$849,394	$193,386
2019	$1,870,091	$1,540,604	$449,793	$329,487

FRIENDS OF INTERNATIONAL CHARTER SCHOOL OF NEW YORK INC