EQUALITY CHARTER SCHOOL

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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

TO ENSURE EACH SCHOLAR REACHES INDIVIDUAL ACADEMIC AND PERSONAL SUCCESS THROUGH A NURTURING SCHOLAR-CENTERED APPROACH.

Program Service Accomplishments

Program 1

Expenses: $14,073,461 Revenue: $14,141,135

GENERAL EDUCATION PROGRAM: EQUALITY'S ACADEMIC PROGRAM IS WELL ALIGNED WITH THE RESEARCH OF DOUGLAS REEVES, WHO HIGHLIGHTS 90/90/90 SCHOOLS: 90% OF THE STUDENTS ARE ELIGIBLE FOR FREE OR REDUCED...

GENERAL EDUCATION PROGRAM: EQUALITY'S ACADEMIC PROGRAM IS WELL ALIGNED WITH THE RESEARCH OF DOUGLAS REEVES, WHO HIGHLIGHTS 90/90/90 SCHOOLS: 90% OF THE STUDENTS ARE ELIGIBLE FOR FREE OR REDUCED LUNCH, 90% OF THE STUDENTS ARE MEMBERS OF AN ETHNIC MINORITY GROUP, AND 90% OF THESE STUDENTS ARE AT OR ABOVE GRADE LEVEL IN READING OR ANOTHER AREA AS MEASURED BY DISTRICT OR STATE ASSESSMENTS. HE NOTES THAT IN THESE SCHOOLS, THERE ARE FIVE COMMON CHARACTERISTICS: A FOCUS ON ACADEMIC ACHIEVEMENT, CLEAR CURRICULUM CHOICES, FREQUENT ASSESSMENT OF STUDENT PROGRESS AND MULTIPLE OPPORTUNITIES FOR IMPROVEMENT, AN EMPHASIS ON NON-FICTION WRITING, AND COLLABORATIVE SCORING OF STUDENT WORK. THE UNDERLYING FOUNDATION OF EQUALITY'S ACADEMIC PROGRAM FOCUSES ON REEVE'S RESEARCH WITH SOME ADDITIONAL COMPONENTS: 1) HIGH EXPECTATIONS; 2) POSITIVE SCHOOL CULTURE; 3) CURRICULUM ALIGNMENT WITH NEW YORK STATE STANDARDS; 4) DATA-DRIVEN DECISIONS; 5) INCLUSIVE EDUCATION; 6) EMPHASIS ON WRITING; 7) COLLABORATION; 8) PARENTAL INVOLVEMENT; 9) LIFE ACTION PLANS, INCLUDING POST-SECONDARY PLANNING AND OPTIONS; AND 10) ADVISORIES. EQUALITY ALSO PROVIDES OUR SCHOLARS AFTER SCHOOL CLUBS INCLUDING FILM CLUB, DANCE TEAM, DEBATE TEAM, SPELLING BEE CLUB, BOOK CLUB, MATHLETES CLUB, AND ANIME CLUB. EQUALITY CHARTER SCHOOL HOSTS SEVERAL SPORTS TEAMS: TRACK, TWO BASKETBALL TEAMS, FLAG FOOTBALL, CHEERLEADING, SOCCER, VOLLEYBALL AND BASEBALL.

Program 2

Expenses: $7,436,897 Revenue: $2,863,339

SPECIAL EDUCATION PROGRAM: EQUALITY WILL PROVIDE AN INCLUSIVE EDUCATION SETTING FOR OUR SECOND LANGUAGE LEARNERS AND FOR STUDENTS WITH DISABILITIES. OUR TEAM MEMBERS HAVE EXTENSIVE EXPERIENCE IN...

SPECIAL EDUCATION PROGRAM: EQUALITY WILL PROVIDE AN INCLUSIVE EDUCATION SETTING FOR OUR SECOND LANGUAGE LEARNERS AND FOR STUDENTS WITH DISABILITIES. OUR TEAM MEMBERS HAVE EXTENSIVE EXPERIENCE IN CREATING POSITIVE, RIGOROUS, INCLUSIVE CLASSROOMS THAT PROVIDE SOCIALLY AND ACADEMICALLY BENEFICIAL ENVIRONMENTS FOR ALL STUDENTS. OUR DAILY PROFESSIONAL DEVELOPMENT, DATA EMPHASIS, PBIS, AND NURTURING ENVIRONMENT WILL SUPPORT SUCCESSFUL INCLUSION AND HIGH ACADEMIC ACHIEVEMENT FOR ALL STUDENTS. WHILE MANY SCHOOLS HAVE SPECIAL EDUCATION POPULATIONS OF ROUGHLY 10%, EQUALITY HAS A POPULATION THAT COMPRISES OVER 20% OF THE STUDENT BODY. EQUALITY'S ACADEMIC PROGRAM IS FULLY INCLUSIVE AND CO-TAUGHT. WE PROVIDE THIS MODEL TO ALL OF OUR STUDENTS INCLUDING THE 21% WHO HAVE DISABILITIES. OUR PROGRAM ALSO INCLUDES ELECTIVES IN PHYSICAL EDUCATION, ART AND LIFE & LITERACY.

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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