FRIENDS OF EQUALITY CHARTER SCHOOL… - Form 990 Financial Data

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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

JAMES STRINGFELLOW

Phone

7185173169

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF EQUALITY CHARTER SCHOOL INC, founded in 2016, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 4% surplus.

Mission

TO SUPPORT THE PROGRAM OF EQUALITY CHARTER SCHOOL BY MAINTAINING THE BUILDING AND FACILITY. FRIENDS OF EQUALITY CHARTER SCHOOL INC. ALSO AIMS TO PROVIDE SCHOLARSHIPS TO GRADUATING SENIORS FROM EQUALITY CHARTER SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $1,327,072 Revenue: $2,030,238

TO SUPPORT THE PROGRAM OF EQUALITY CHARTER SCHOOL BY MAINTAINING THE BUILDING AND FACILITY. FRIENDS OF EQUALITY CHARTER SCHOOL INC. ALSO AIMS TO PROVIDE SCHOLARSHIPS TO GRADUATING SENIORS FROM...

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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 (2023)

Revenue Breakdown

Contributions & Grants $500

Program Service Revenue $2,030,238

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,030,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,327,072

Other Expenses $1,946,094

TOTAL EXPENSES $1,946,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,030,738	$1,855,209	+0.1%
Expenses	$1,946,094	$1,628,804	+0.2%
Net Income	$84,644	$226,405	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES STRINGFELLOW	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
SHERMAN REID	TREASURER	5.00	Officer Director	$0	$0	$0
JULIA ARLINGTON	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHAEL ZELKIND	BOARD MEMBER	5.00	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	No data	No data	No data	No data
2024	$2,030,738	$1,946,094	$5,063,365	$84,644
2023	$1,855,209	$1,628,804	$6,075,195	$226,405
2022	$1,855,410	$1,401,903	$2,539,426	$453,507
2021	$1,855,960	$1,338,301	$1,780,192	$517,659
2019	$930,281	$635,691	$322,142	$294,590

FRIENDS OF EQUALITY CHARTER SCHOOL INC