HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL (EIN 760756768) - 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

2004

Legal Domicile

Principal Officer

KWAME OWUSU-KESSE

Phone

2123603255

Tax Period

2024-07-01 to 2025-06-30

HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $28.0M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $68.0M represent 29 months of operating reserves.

Mission

TO PROVIDE HIGH QUALITY, STANDARDS-BASED ACADEMIC PROGRAMS FOR STUDENTS, GRADES K-12.

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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 $28,034,532

Program Service Revenue $0

Investment Income $13

Other Revenue $2

TOTAL REVENUE $28,034,547

Expense Breakdown

Grants Paid $71,651

Salaries & Benefits $21,699,259

Fundraising Expenses $0

Program Expenses $27,767,652

Other Expenses $7,624,511

TOTAL EXPENSES $29,395,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,034,547	$31,839,709	-0.1%
Expenses	$29,395,421	$30,983,219	-0.1%
Net Income	$-1,360,874	$856,490	-2.6%

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

256

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

$2,502,236

Total Directors

$2,145,337

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KWAME OWUSU-KESSE	CEO & PRESIDENT	2.00	Officer Director	$0	$247,967	$1,276,422
GEOFFREY CANADA	CHAIRMAN	2.00	Officer Director	$0	$52,967	$868,915
MITCH KURZ	TREASURER/SECRETARY	2.00	Officer Director	$0	$0	$0
KENNETH LANGONE CHAIRMAN	EMERITUS (NON-VOTING)	2.00	Officer Director	$0	$0	$0
ELLANOR BODIE BRIZENDINE	TRUSTEE (NON-VOTING)	2.00	Director	$0	$0	$0
STANLEY DRUCKENMILLER	TRUSTEE (NON-VOTING)	2.00	Director	$0	$0	$0
DENISE FULLER THRU 062425	TRUSTEE (NON-VOTING)	2.00	Director	$0	$0	$0
WILLIE MAE LEWIS	TRUSTEE	2.00	Director	$0	$0	$0
KEITH MEISTER	TRUSTEE (NON-VOTING)	2.00	Director	$0	$0	$0
AISHA TOMLINSON THRU 062425	PARENT REP (NON-VOTING)	2.00	Director	$0	$0	$0
ALFONSO WYATT	TRUSTEE	2.00	Director	$0	$0	$0
RALPH STEFANO	CFO	2.00	Officer	$0	$0	$356,899
ACHIL PETIT THRU 082024	SUPERINTENDENT	20.00	Highest	$1,189,653	$87,775	$1,277,428
ARI BROWNE	DIRECTOR, BUSINESS ADMIN	20.00	Highest	$272,709	$73,163	$345,872
AMY DEAL	PRINCIPAL (HIGH SCHOOL)	40.00	Highest	$259,015	$41,238	$300,253
SASKIA BROWN	DEPUTY SUPERINTENDENT	20.00	Highest	$331,503	$90,424	$421,927
TOYA STILLEY	DIRECTOR, OPERATIONS	20.00	Highest	$262,981	$76,651	$339,632

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	$28,034,547	$29,395,421	$75,900,339	$-1,360,874
2024	No data	No data	No data	No data
2023	$29,828,303	$29,941,591	$77,301,914	$-113,288
2022	$28,035,692	$29,482,049	$78,620,847	$-1,446,357
2021	$24,820,657	$25,975,728	$79,498,246	$-1,155,071
2020	$27,399,800	$25,716,157	$78,934,513	$1,683,643
2019	$24,587,261	$24,809,229	$75,848,222	$-221,968
2018	$23,520,534	$24,257,185	$75,968,037	$-736,651

HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL