FRIENDS OF COLLEGIATE ACADEMIES INC (EIN 822266447) - Form 990 Financial Analysis & Trantor Score

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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

STEPHEN ROSENTHAL

Phone

5045030008

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF COLLEGIATE ACADEMIES INC, founded in 2017, is a small nonprofit in the Education sector that reported $847K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $937K exceeded revenue, resulting in a 11% operating deficit.

Mission

FRIENDS OF COLLEGIATE ACADEMIES, INC. IS OPERATED FOR THE BENEFIT OF COLLEGIATE ACADEMIES, AND ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE.

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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 $0

Investment Income $6,531

Other Revenue $840,000

TOTAL REVENUE $846,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $731,819

Other Expenses $937,307

TOTAL EXPENSES $937,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$846,531	$757,164	+0.1%
Expenses	$937,307	$946,651	0.0%
Net Income	$-90,776	$-189,487	-0.5%

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
STEPHEN R ROSENTHAL	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUGLAS W FINEGAN	TREASURER	1.00	Officer Director	$0	$0	$0
GREGOR MICHAEL ST ETIENNE	SECRETARY	1.00	Director	$0	$0	$0
JONATHAN WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRANCE LOCKETT	BOARD MEMBER	1.00	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	$846,531	$937,307	$9,534,407	$-90,776
2024	$757,164	$946,651	$9,750,896	$-189,487
2023	$580,265	$693,077	$9,972,243	$-112,812
2022	$578,786	$698,257	$10,205,971	$-119,471
2021	$570,356	$740,515	$10,439,966	$-170,159
2020	$358,664	$601,515	$10,687,682	$-242,851
2019	$1,079,453	$70,653	$7,638,591	$1,008,800

FRIENDS OF COLLEGIATE ACADEMIES INC