FORTE PREPARATORY ACADEMY CHARTER SCHOOL

EIN: 812999789 501(c)(3) Education

ELMHURST, NY

Total Revenue
$16,946,320
Total Expenses
$16,977,738
Total Assets
$35,101,614
Net Assets
$4,617,669
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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
NY
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

FORTE PREP IS A TUITION-FREE MIDDLE AND HIGH SCHOOL IN QUEENS, NY.

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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 $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

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Governance

Voting Members
13
Independent Members
13
Employees
106
Volunteers
13

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
$201,514
Total Directors
13
$0
Key Employees
1
$194,438
Highest Compensated
5
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
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