FORTE PREPARATORY ACADEMY CHARTER … - 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

2017

Legal Domicile

Principal Officer

GRAHAM BROWNE

Phone

3477091197

Tax Period

2024-07-01 to 2025-06-30

FORTE PREPARATORY ACADEMY CHARTER SCHOOL, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $16.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

WE ARE DRIVEN BY A PHILOSOPHY OF ACHIEVING EXCELLENCE IN ALL FACETS OF LIFE AND LEARNING. WE BELIEVE IN THE POWER OF EDUCATION TO TRANSFROM THE LIVES OF STUDENTS FROM DIVERSE, OFTEN DISADVANTAGED, BACKGROUNDS. THROUGH RIGOROUS ACADEMICS, CREATIVE & TECHNOLOGICAL ENRICHMENT AND LEADERSHIP DEVELOPMENT, WE PREPARE STUDENT TO EXCEL AT COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $12,772,580

FORTE PREP IS A TUITION-FREE MIDDLE AND HIGH SCHOOL OPEN TO STUDENTS IN QUEENS, NEW YORK. WE ARE DRIVEN BY A PHILOSOPHY OF ACHIEVING EXCELLENCE IN ALL FACETS OF LIFE AND LEARNING. WE BELIEVE IN THE POWER OF EDUCATION TO TRANSFORM THE LIVES OF STUDENTS FROM DIVERSE, OFTEN DISADVANTAGED, BACKGROUNDS. THROUGH RIGOROUS ACADEMICS, CREATIVE & TECHNOLOGICAL ENRICHMENT AND LEADERSHIP DEVELOPMENT, WE PREPARE OUR STUDENTS TO EXCEL AT COLLEGE PREPARATORY HIGH SCHOOLS AND BEYOND.

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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 $16,762,627

Program Service Revenue $0

Investment Income $105,208

Other Revenue $78,485

TOTAL REVENUE $16,946,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,881,913

Fundraising Expenses $134,874

Program Expenses $12,772,580

Other Expenses $7,084,325

TOTAL EXPENSES $16,977,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,946,320	$15,103,865	+0.1%
Expenses	$16,977,738	$14,960,297	+0.1%
Net Income	$-31,418	$143,568	-1.2%

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

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

106

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

$201,514

Total Directors

Key Employees

$194,438

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FIONA LIN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
WAI LIN YIP	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ELLEN WINN	SECRETARY (INCOMING CHAIR)	1.00	Officer Director	$0	$0	$0
CHRISTOPHER CRUZ	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER CORDERO	BOARD TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH SCHILLING	BOARD TRUSTEE	1.00	Director	$0	$0	$0
LORENZO MENDEZ	BOARD TRUSTEE	1.00	Director	$0	$0	$0
LAURA RODRIGUEZ	BOARD TRUSTEE	1.00	Director	$0	$0	$0
SALLY SONG	BOARD TRUSTEE	1.00	Director	$0	$0	$0
VAL ABRAMS	BOARD TRUSTEE	1.00	Director	$0	$0	$0
KATIE MULLEN	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL DYMOND	BOARD TRUSTEE	1.00	Director	$0	$0	$0
ALEJANDRA ESPINOSA	BOARD TRUSTEE	1.00	Director	$0	$0	$0
GRAHAM BROWNE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$192,044	$9,470	$201,514
JUSTIN SMITH	CHIEF SCHOOLS OFFICER	40.00	Key Emp	$179,382	$15,056	$194,438
VIVIANA BENJUMEA	CHIEF COMMUNITY OFFICER	40.00	Highest	$133,472	$9,010	$142,482
ANGELA MU	HEAD OF UPPER SCHOOL	40.00	Highest	$130,794	$4,145	$134,939
JULIE MASTRELLA	HEAD OF LOWER SCHOOL	40.00	Highest	$129,597	$14,920	$144,517
DAMALI CAINE	HIGH SCHOOL CAMPUS DIR.	40.00	Highest	$129,478	$537	$130,015
TRINEE ADAMS	OPERATIONS DIRECTOR, HS	40.00	Highest	$122,202	$9,426	$131,628

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	$16,946,320	$16,977,738	$35,101,614	$-31,418
2024	$15,103,865	$14,960,297	$36,967,577	$143,568
2023	$10,610,274	$10,215,360	$33,752,398	$394,914
2022	$9,566,464	$8,859,468	$5,298,430	$706,996
2021	$9,049,045	$7,848,960	$4,113,637	$1,200,085
2020	$6,443,082	$5,834,518	$3,232,935	$608,564
2019	$4,634,348	$3,701,479	$1,860,535	$932,869
2018	$2,207,041	$1,856,333	$787,995	$350,708

FORTE PREPARATORY ACADEMY CHARTER SCHOOL