PHILIPS ACADEMY CHARTER SCHOOL OF PATERSON (EIN 810842534) - 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

2016

Legal Domicile

Principal Officer

Joshua Solow

Phone

9732478920

Tax Period

2024-07-01 to 2025-06-30

PHILIPS ACADEMY CHARTER SCHOOL OF PATERSON, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $17.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

We will provide a moral and rigorous education, accomplished in a hands-on, technology infused educational environment that will allow our students to attend college, while developing a commitment to global citizenship,

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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 $17,332,472

Program Service Revenue $17,939

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,350,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,338,273

Fundraising Expenses $0

Program Expenses $15,821,231

Other Expenses $6,374,998

TOTAL EXPENSES $17,713,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,350,411	$15,389,334	+0.1%
Expenses	$17,713,271	$16,019,817	+0.1%
Net Income	$-362,860	$-630,483	-0.4%

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

Governance

Voting Members

Independent Members

Employees

167

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
MICHAEL PAGES	TRUSTEE	005.00	Director	$0	$0	$0
TIMOTHY J GRAHAM	TRUSTEE	005.00	Director	$0	$0	$0
KHADIJAH KING	TRUSTEE	005.00	Director	$0	$0	$0
ALTISHA BYRD	PRESIDENT	005.00	Director	$0	$0	$0
ALEXIS GIBSON	VICE PRESIDENT	005.00	Director	$0	$0	$0
DONALD TAYLOR	TRUSTEE	005.00	Director	$0	$0	$0
JUAN DEJESUS	TRUSTEE	005.00	Director	$0	$0	$0
ISAIS FLOWERS	TRUSTEE	005.00	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
2025	$17,350,411	$17,713,271	$1,882,276	$-362,860
2024	$15,389,334	$16,019,817	$2,091,536	$-630,483
2023	$12,768,117	$12,117,072	$2,569,607	$651,045
2022	$10,222,539	$10,353,863	$1,918,559	$-131,324
2021	$6,850,268	$5,782,487	$2,305,010	$1,067,781
2020	$4,889,988	$3,971,528	$1,831,125	$918,460
2019	$3,067,279	$3,052,303	$365,963	$14,976
2018	$2,097,664	$2,133,438	$235,928	$-35,774

PHILIPS ACADEMY CHARTER SCHOOL OF PATERSON