GRAND CONCOURSE ACADEMY CHARTER SC… - 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

2004

Legal Domicile

Principal Officer

RICHARD CONLEY

Phone

7185901300

Tax Period

2024-07-01 to 2025-06-30

GRAND CONCOURSE ACADEMY CHARTER SCHOOL, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $18.0M in total revenue in fiscal year 2024. Expenses of $17.1M left a modest 5% surplus.

Mission

The mission of the Grand Concourse Academy Charter School is to create a challenging learning environment that addresses and meets the needs of students in New York City, especially those at-risk of academic failure. In a concentrated effort to prepare our students for entry into the very best middle and high schools of New York City, the Academy will seek to foster a sense of strong character, ethics, and personal responsibility, as well as high expectations and academic success.The Academy will place a strong emphasis on Reading, Math, Science, and Social Studies, and will diligently seek to prepare students to meet and/or exceed NYS performance standards in ELA, Mathematics, Science and Social Studies. The Academy will support and encourage professional development opportunities aligned to the instructional program, and will diligently seek and encourage active parental involvement and participation in the academic goals of the students. In addition, the school will seek to involve

Program Service Accomplishments

Program 1

Expenses: $14,772,406 Revenue: $14,709,078

PUBLIC EDUCATION ON A NONDISCRIMINATORY AND SECULAR BASIS.

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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 $2,311,501

Program Service Revenue $14,709,078

Investment Income $748,627

Other Revenue $227,395

TOTAL REVENUE $17,996,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,265,563

Fundraising Expenses $21,511

Program Expenses $14,772,406

Other Expenses $5,823,944

TOTAL EXPENSES $17,089,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,996,601	$17,588,532	+0.0%
Expenses	$17,089,507	$17,553,878	0.0%
Net Income	$907,094	$34,654	+25.2%

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

114

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

$520,648

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRA VICTOR	Executive Dir.	40.00	Officer	$503,469	$17,179	$520,648
MICHAEL SIMONETTI	SEN. DIR. OF BUSINESS AND OPERATION	40.00		$193,635	$43,375	$237,010
MAUREEN HOWARD	Assistant Principal	40.00		$198,928	$12,100	$211,028
Laura Rizzi	Assit Principal	40.00		$142,991	$44,871	$187,862
EVELYN VELEZ	Assistant Principal	40.00		$168,337	$17,763	$186,100
NATALIA CASTRO	Assistant Principal	40.00		$159,608	$21,438	$181,046
THEODORE KATSAVOS	TEACHER	40.00		$133,585	$44,229	$177,814
WAYNE SPARACINO	TEACHER	40.00		$144,283	$21,356	$165,639
JENNIFER BROWN	TEACHER	40.00		$152,729	$11,669	$164,398
DAMIAN MAURICE RHOOMES	TEACHER	40.00		$138,292	$20,586	$158,878
Walder Thame-Turner	Trustee	0.25	Director	$0	$0	$0
Damaris Joseph-Moquete	Trustee	0.25	Director	$0	$0	$0
Howard Banker	Trustee	0.25	Director	$0	$0	$0
RICHARD CONLEY	Chairperson	0.25	Officer Director	$0	$0	$0
ARLENE HALL-WAISBURD	Chairperson	0.25	Officer 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	$17,996,601	$17,089,507	$58,811,617	$907,094
2024	No data	No data	No data	No data
2023	$18,412,517	$15,181,028	$58,453,977	$3,231,489
2022	$15,086,978	$13,755,661	$16,012,367	$1,331,317
2021	$13,410,386	$11,485,241	$14,223,428	$1,925,145
2020	$11,668,361	$11,373,305	$13,166,599	$295,056
2019	$10,878,675	$8,961,100	$11,660,268	$1,917,575
2018	$9,953,900	$7,706,858	$9,841,050	$2,247,042

GRAND CONCOURSE ACADEMY CHARTER SCHOOL