FRIENDS OF SCHOOL IN THE SQUARE INC (EIN 471825735) - Form 990 Financial Analysis & Trantor Score

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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

MINDY TUCKER

Phone

7189167683

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF SCHOOL IN THE SQUARE INC, founded in 2014, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $11.7M exceeded revenue, resulting in a 29% operating deficit.

Mission

SUPPORTING THE CREATION OF, AND PROMOTING, A CHARTER SCHOOL (INCLUDING BY RAISING FUNDS) AND, AFTER THE CREATION OF THE CHARTER SCHOOL, OPERATING AS THE FUNDRAISING ARM OF THE CHARTER SCHOOL.

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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 $2,074,831

Program Service Revenue $6,741,183

Investment Income $278,945

Other Revenue $0

TOTAL REVENUE $9,094,959

Expense Breakdown

Grants Paid $4,937,719

Salaries & Benefits $0

Fundraising Expenses $2,164

Program Expenses $11,676,891

Other Expenses $6,768,121

TOTAL EXPENSES $11,705,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,094,959	$5,815,674	+0.6%
Expenses	$11,705,840	$5,759,448	+1.0%
Net Income	$-2,610,881	$56,226	-47.4%

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

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
MINDY TUCKER	CHAIR	1.00	Officer Director	$0	$0	$0
GAIL WIESENFELD	TREASURER	1.00	Officer Director	$0	$0	$0
LORI LANDGARTEN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ROTHBERG	DIRECTOR	1.00	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	$9,094,959	$11,705,840	$99,794,140	$-2,610,881
2024	$5,815,674	$5,759,448	$30,026,427	$56,226
2023	$6,016,999	$6,070,512	$32,660,328	$-53,513
2022	$9,256,056	$4,567,950	$13,288,871	$4,688,106
2021	$5,369,104	$3,197,381	$7,243,608	$2,171,723
2020	$2,745,908	$2,169,629	$3,449,895	$576,279
2019	$2,357,667	$1,287,584	$2,588,128	$1,070,083
2018	$1,084,577	$371,655	$1,407,389	$712,922

FRIENDS OF SCHOOL IN THE SQUARE INC