FRIENDS OF INWOOD ACADEMY FOR LEAD… - 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

Phone

2123040103

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL INC, founded in 2017, is a community nonprofit in the Education sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 21% operating margin.

Mission

TO PROVIDE FINANCIAL SUPPORT TO, AND TO FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSE OF THE INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL IN NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $5,459,100 Revenue: $6,694,821

FRIENDS OF INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL, INC. SUBLEASED THE FACILITIES TO INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL. IN ADDITION, IT MADE A GRANT TO INWOOD ACADEMY FOR LEADERSHIP...

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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 $0

Program Service Revenue $6,694,821

Investment Income $15,779

Other Revenue $258,965

TOTAL REVENUE $6,969,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,459,100

Other Expenses $5,498,267

TOTAL EXPENSES $5,498,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,969,565	$3,611,851	+0.9%
Expenses	$5,498,267	$2,856,146	+0.9%
Net Income	$1,471,298	$755,705	+0.9%

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
CHRISTINA REYES	SECRETARY	1.0	Officer Director	$0	$0	$0
JONATHAN ZUCKER	TREASURER	1.0	Officer Director	$0	$0	$0
MATTHEW MAHONEY	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
JAY PATRICK	TRUSTEE	1.0	Director	$0	$0	$0
JENNY PICHARDO	VOLUNTEER CFO	1.0	Officer	$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	$6,969,565	$5,498,267	$45,791,961	$1,471,298
2024	$3,611,851	$2,856,146	$45,468,470	$755,705
2023	$3,282,629	$3,423,779	$16,711,653	$-141,150

FRIENDS OF INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL INC