WHIN MUSIC COMMUNITY CHARTER SCHOOL

EIN: 812997297 501(c)(3) Education

NEW YORK, NY

Total Revenue
$12,874,497
Total Expenses
$14,341,906
Total Assets
$77,821,001
Net Assets
$397,737
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
CHARLES ORTIZ
Phone
8444890817
Tax Period
2024-07-01 to 2025-06-30

WHIN MUSIC COMMUNITY CHARTER SCHOOL, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $12.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $14.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE WASHINGTON HEIGHTS AND INWOOD MUSIC COMMUNITY CHARTER SCHOOL ("WHIN MUSIC CHARTER SCHOOL OR "WHIN") WILL PROVIDE OUR DIVERSE STUDENT POPULATION WITH A RIGOROUS ACADEMIC INSTRUCTION, INTENSIVE MUSIC EDUCATION, AND A POSITIVE LEARNING ENVIRONMENT SO THAT EVERY STUDENT CAN THRIVE ACADEMICALLY AND PERSONALLY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,313,421
Program Service Revenue $9,528,837
Investment Income $32,497
Other Revenue $-258
TOTAL REVENUE $12,874,497

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,166,545
Fundraising Expenses $75,245
Program Expenses $11,508,302
Other Expenses $7,175,361
TOTAL EXPENSES $14,341,906

Year-over-Year Comparison

2024 2023 Change
Revenue $12,874,497 $11,357,666 +0.1%
Expenses $14,341,906 $10,692,537 +0.3%
Net Income $-1,467,409 $665,129 -3.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
93
Volunteers
10

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
5
$269,225
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA IVANIK SECRETARY 1.00
Officer Director
$0 $0 $0
GREGORY E DAVID TRUSTEE 1.00
Director
$0 $0 $0
HEIDI MORALES TRUSTEE - RESIGNED DURING YEAR 1.00
Director
$0 $0 $0
IVONNE NORMAN ESQ SECRETARY - RESIGNED DURING YEAR 1.00
Officer Director
$0 $0 $0
JOSHUA BEDERMAN TREASURER & VICE CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT S GREEN TRUSTEE 1.00
Director
$0 $0 $0
SHEWAR KHAN BOARD CHAIR 1.00
Officer Director
$0 $0 $0
CHARLES ORTIZ EXECUTIVE DIRECTOR 40.00
Officer
$254,730 $14,495 $269,225
JON FREGA PRINCIPAL 40.00
Highest
$109,647 $27,077 $136,724
MICHAEL DREXLER DIRECTOR OF OPERATIONS 40.00
Highest
$127,964 $33,903 $161,867
DAVID TOME ATHLETIC DIRECTOR 40.00
Highest
$124,253 $26,279 $150,532
FARRAH WALDMAN CHIEF OF STAFF 40.00
Highest
$133,459 $14,310 $147,769
ABIGAIL EDMUNDS DIRECTOR OF SPECIAL EDUCATION 40.00
Highest
$106,012 $14,652 $120,664
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 $12,874,497 $14,341,906 $77,821,001 $-1,467,409
2024 $11,357,666 $10,692,537 $3,111,873 $665,129
2023 $9,154,198 $8,738,759 $4,177,460 $415,439
2022 $5,944,747 $6,311,411 $1,988,850 $-366,664
2021 $4,584,800 $4,131,296 $1,870,460 $453,504
2020 $3,840,891 $3,772,144 $1,280,807 $68,747
2019 $3,031,488 $2,895,903 $987,646 $135,585
2018 $2,615,960 $2,205,376 $817,324 $410,584
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