EMPOWERMENT ACADEMY CHARTER SCHOOL

EIN: 472329333 501(c)(3) Education

JERSEY CITY, NJ

Total Revenue
$42,678,541
Total Expenses
$34,445,811
Total Assets
$29,828,741
Net Assets
$27,602,329
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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
2015
Legal Domicile
NJ
Principal Officer
MENACHEM BAZIN
Phone
2016304799
Tax Period
2024-07-01 to 2025-06-30

EMPOWERMENT ACADEMY CHARTER SCHOOL, founded in 2015, is a mid-sized nonprofit in the Education sector that reported $42.7M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.2M, a strong 19% operating margin.

Mission

EMPOWERMENT ACADEMY CHARTER SCHOOL IS COMMITTED TO CHILDREN HAVING BRIGHTER PROSPECTS. IT IS COMMITTED TO DEVELOPING THE KIND OF VALUES, SKILLS, KNOWLEDGE, CONFIDENCE AND CHARACTER IN THE STUDENTS THAT WILL PROSPEL THEM TO SUCCESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $41,826,714
Program Service Revenue $52,037
Investment Income $188,249
Other Revenue $611,541
TOTAL REVENUE $42,678,541

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,600,041
Fundraising Expenses $0
Program Expenses $24,764,394
Other Expenses $8,845,770
TOTAL EXPENSES $34,445,811

Year-over-Year Comparison

2024 2023 Change
Revenue $42,678,541 $26,527,797 +0.6%
Expenses $34,445,811 $23,930,098 +0.4%
Net Income $8,232,730 $2,597,699 +2.2%
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
310
Volunteers
15

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
2
$177,477
Total Directors
5
$0
Key Employees
1
$177,477
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MONICA ZASLOWER PRESIDENT 5.00
Officer Director
$0 $0 $0
LONNIE SOBEL VICE PRESIDENT 5.00
Director
$0 $0 $0
THOMAS GALLAGHER TREASURER 5.00
Director
$0 $0 $0
THOMAS OGORZELEK BOARD MEMBER 5.00
Director
$0 $0 $0
DAMI KABIAWU BOARD MEMBER 5.00
Director
$0 $0 $0
RICHARD RASCHDORF SCHOOL BUSINESS ADMINISTRATOR 40.00
Officer Key Emp Highest
$169,380 $8,097 $177,477
LISA POWELL PRINCIPAL 40.00
Highest
$160,580 $7,156 $167,736
CRAIG MESSMER PRINCIPAL 40.00
Highest
$158,250 $9,472 $167,722
ANGELA THOMAS DIRECTOR OF EDUCATION 40.00
Highest
$145,500 $2,598 $148,098
MOLLY FRAWLEY DEAN OF CURRICULUM AND INSTRUCTIONS 40.00
Highest
$115,000 $0 $115,000
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 $42,678,541 $34,445,811 $29,828,741 $8,232,730
2024 No data No data No data No data
2023 $26,527,797 $23,930,098 $9,363,544 $2,597,699
2022 $18,995,847 $17,897,323 $6,681,057 $1,098,524
2021 $15,248,676 $12,187,347 $5,161,370 $3,061,329
2020 $10,188,418 $8,992,395 $2,679,647 $1,196,023
2019 $7,229,120 $7,141,324 $564,191 $87,796
2018 $5,882,500 $5,782,930 $845,932 $99,570
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