EQUALITY CHARTER SCHOOL (EIN 800338050) - 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

2009

Legal Domicile

Principal Officer

CAITLIN FRANCO

Phone

7183203032

Tax Period

2024-07-01 to 2025-06-30

EQUALITY CHARTER SCHOOL, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $21.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $24.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

EQUALITY CHARTER SCHOOL OPENED ITS DOORS IN THE FALL OF 2009 IN THE NORTH BRONX WITH A COLLEGE PREPARATORY ACADEMIC PROGRAM AND A HIGHLY STRUCTURED AND SUPPORTIVE SCHOOL CULTURE. WHILE THE SCHOOL IS COMPRISED OF STUDENTS FROM MANY BACKGROUNDS, IT IS UNIQUELY DESIGNED TO CLOSE THE ACHIEVEMENT GAP IN ELEMENTARY, MIDDLE AND HIGH SCHOOL. EQUALITY PREPARES STUDENTS TO BE SUCCESSFUL IN COLLEGE BY FOCUSING ON THE INTEGRATION OF GOAL SETTING, CRITICAL THINKING, AND PROBLEM-SOLVING SKILLS. THE SCHOOL'S PRIMARY PURPOSE IS TO PROVIDE EDUCATIONAL SERVICES TO THE KINDERGARTEN THROUGH TWELFTH GRADE STUDENTS OF COMMUNITY SCHOOL DISTRICT 8 AND 11. EQUALITY CHARTER SCHOOL WAS FOUNDED IN 2009 TO SERVE MIDDLE SCHOOL STUDENTS IN CO-OP CITY AND CASTLE HILL NEIGHBORHOODS, WHICH ARE HIGH NEEDS AREAS IN THE BRONX. WE CURRENTLY INSTRUCT APPROXIMATELY 840 K-12TH GRADE SCHOLARS FROM BRONX COMMUNITY SCHOOL DISTRICTS 8, 11, MANHATTAN AND BROOKLYN.

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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 $4,419,664

Program Service Revenue $17,004,474

Investment Income $229,147

Other Revenue $126,190

TOTAL REVENUE $21,779,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,250,147

Fundraising Expenses $146,447

Program Expenses $21,510,358

Other Expenses $8,433,814

TOTAL EXPENSES $24,683,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,779,475	$19,295,208	+0.1%
Expenses	$24,683,961	$18,520,715	+0.3%
Net Income	$-2,904,486	$774,493	-4.8%

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

193

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

$616,714

Total Directors

Key Employees

$510,489

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD HUBBARD	MEMBER	2.00	Director	$0	$0	$0
ARDIAN HASKO	MEMBER	2.00	Director	$0	$0	$0
ERICA KING	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JAMES S STRINGFELLOW	TREASURER	2.00	Officer Director	$0	$0	$0
LEONARD GILBERT	SECRETARY	2.00	Officer Director	$0	$0	$0
PALAK FORBES	MEMBER - RESIGNED 01/2025	2.00	Director	$0	$0	$0
ROBERTA OSORIO	CHAIR	2.00	Officer Director	$0	$0	$0
ROBIN AUFSES	MEMBER	2.00	Director	$0	$0	$0
AZIZA ANDERSON	MEMBER	2.00	Director	$0	$0	$0
AMAL EL BAKHAR	MEMBER - RESIGNED 02/2025	2.00	Director	$0	$0	$0
CRILHEIN FRANCISCO	MEMBER - JOINED 11/2024	2.00	Director	$0	$0	$0
IRAISA JONES	MEMBER - JOINED 11/2024	2.00	Director	$0	$0	$0
DWIGHT THOMAS	MEMBER - JOINED 11/2024	2.00	Director	$0	$0	$0
CAITLIN FRANCO	EXECUTIVE DIRECTOR	40.00	Officer	$291,110	$50,515	$341,625
GABRIEL PARK	CHIEF FINANCIAL OFFICER	40.00	Officer	$214,418	$60,671	$275,089
FAVROL PHILEMY	HIGH SCHOOL PRINCIPAL	40.00	Key Emp	$215,813	$66,323	$282,136
AMANDA HUZA MERCADO	MIDDLE SCHOOL PRINCIPAL	40.00	Key Emp	$206,367	$21,986	$228,353
AMANDA F MYERS	ASST. PRINCIPAL, MS	40.00	Highest	$167,713	$21,676	$189,389
GENE JOHNSON	ASST. PRINCIPAL, HS	40.00	Highest	$173,681	$3,895	$177,576
JOCELYN KELLY	DIRECTOR OF CURRICULUM	40.00	Highest	$169,202	$26,297	$195,499
LISA ROMANO	DIRECTOR OF INSTRUCTION	40.00	Highest	$142,385	$21,340	$163,725
AMRITA DENNIS	HIGH SCHOOL PRINCIPAL	40.00	Highest	$161,466	$35,663	$197,129

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	$21,779,475	$24,683,961	$15,643,106	$-2,904,486
2024	$19,295,208	$18,520,715	$14,374,361	$774,493
2023	$17,552,445	$17,944,200	$15,542,902	$-391,755
2022	$16,678,798	$17,102,602	$11,036,694	$-423,804
2021	$17,768,150	$15,122,546	$11,456,711	$2,645,604
2020	$15,629,093	$14,180,032	$10,585,850	$1,449,061
2019	$14,159,931	$13,329,500	$7,289,169	$830,431
2018	$13,093,182	$12,807,528	$6,803,280	$285,654

EQUALITY CHARTER SCHOOL