PRINCIPLE ACADEMY CHARTER SCHOOL

EIN: 472513283 501(c)(3) Education

EGG HARBOR TOWNSHIP, NJ

Total Revenue
$12,030,175
Total Expenses
$13,292,711
Total Assets
$2,057,763
Net Assets
$1,918,449
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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
NJ
Principal Officer
MICHAEL FALKOWSKI
Phone
6094986350
Tax Period
2024-07-01 to 2025-06-30

PRINCIPLE ACADEMY CHARTER SCHOOL, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $12.0M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $13.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE MISSION OF PRINCIPLE ACADEMY CHARTER SCHOOL IS TO SHOW MASTERY OF A STANDARDS DRIVEN, INTERNATIONAL, COLLEGE PREPARATORY CURRICULUM, DELIVERED THROUGH PROVEN RESEARCH BASED INSTRUCTION.

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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 $12,002,992
Program Service Revenue $17,303
Investment Income $0
Other Revenue $9,880
TOTAL REVENUE $12,030,175

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,388,370
Fundraising Expenses $0
Program Expenses $9,712,068
Other Expenses $4,904,341
TOTAL EXPENSES $13,292,711

Year-over-Year Comparison

2024 2023 Change
Revenue $12,030,175 $13,484,426 -0.1%
Expenses $13,292,711 $12,564,482 +0.1%
Net Income $-1,262,536 $919,944 -2.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
113
Volunteers
5

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
$199,012
Total Directors
4
$0
Key Employees
1
$199,012
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIRK DACOSTA PRESIDENT 5.00
Officer Director
$0 $0 $0
JEANNE EISELE MEMBER 5.00
Director
$0 $0 $0
GARY HILL MEMBER 5.00
Director
$0 $0 $0
DR ALBERT MONILLAS MEMBER 5.00
Director
$0 $0 $0
ALVARO CORES CHIEF SCHOOL ADMINISTRATOR 40.00
Officer Key Emp Highest
$187,826 $11,186 $199,012
DR GEORGETTE MEISTER ASSISTANT DIRECTOR, CURRICULUM & INSTRUCTION 40.00
Highest
$156,446 $17,402 $173,848
JAMES DIONNE TECHNOLOGY TEAM LEADER 40.00
Highest
$131,291 $30,921 $162,212
FRANKIE DAVIS SPECIAL EDUCATION TEACHER 40.00
Highest
$101,036 $0 $101,036
ANTWONE SNEAD SCHOOL SAFETY SPECIALIST 40.00
Highest
$123,294 $7,776 $131,070
SHANTA GREEN ASSISTANT SCHOOL DIRECTOR 40.00
Highest
$127,578 $0 $127,578
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 $12,030,175 $13,292,711 $2,057,763 $-1,262,536
2024 $13,484,426 $12,564,482 $3,547,970 $919,944
2023 $11,519,515 $11,189,872 $2,395,515 $329,643
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