Lefferts Gardens 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

2010

Legal Domicile

Principal Officer

Tara Harrison

Phone

8887102726

Tax Period

2021-07-01 to 2022-06-30

Lefferts Gardens Charter School, founded in 2010, is a micro nonprofit that reported $254 in total revenue in fiscal year 2021. Revenue decreased 14% compared to the prior year. Expenses of $10K exceeded revenue, resulting in a 4027% operating deficit.

Mission

The Lefferts Gardens Charter School develops academically motivated and civic-minded students who have the educational foundation to succeed in competitive high schools and college programs. The school's focus on environmental science provides the framework for inquiry-based learning and the development of literacy. Collaborations with leading Brooklyn environmental institutions bring rich experiences from outside the classroom, and provide the context to understand, and care for, the world in which we live.

Program Service Accomplishments

Program 1

The School was notified by the NYC Department of Education that its charter was not renewed which has resulted in the termination of school operations.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $254

Other Revenue $0

TOTAL REVENUE $254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $10,483

TOTAL EXPENSES $10,483

Year-over-Year Comparison

	2021	2020	Change
Revenue	$254	$295	-0.1%
Expenses	$10,483	$29,836	-0.6%
Net Income	$-10,229	$-29,541	-0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tara Harrison	Chairman	1.00	Officer Director	$0	$0	$0
Richard Maathey	Treasurer	1.00	Officer Director	$0	$0	$0
Charlotte Bloomberg	Trustee	1.00	Director	$0	$0	$0

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
2022	$254	$10,483	$1,934,075	$-10,229
2021	$295	$29,836	$1,941,050	$-29,541
2020	$661	$6,200	$1,978,144	$-5,539
2019	$912	$9,081	$1,985,925	$-8,169
2018	$953	$17,416	$1,991,853	$-16,463