FRIENDS OF ACADEMY OF THE CITY INC

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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

2018

Legal Domicile

Principal Officer

STEPHANIE WALKER

Phone

7184879857

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF ACADEMY OF THE CITY INC, founded in 2018, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024.

Mission

IN KEEPING WITH THE ORGANIZATION'S CERTIFICATE OF INCORPORATION, THE PROVISION OF SERVICES AND FUNDING IS LIMITED TO PROVIDING FUNDING AND SERVICES TO THE SCHOOL AND FURTHERING THE EDUCATIONAL AND CHARITABLE MISSION OF THE SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $1,504,028 Revenue: $1,499,837

SUPPORT THE OPERATION OF ACADEMY OF THE CITY CHARTER SCHOOL BY PROVIDING ASSISTANCE WITH THE SCHOOL'S REAL ESTATE AND FACILITIES-RELATED NEEDS. THE ORGANIZATION RAISES FUNDS AND PROVIDES RESOURCES TO...

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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 $39,050

Program Service Revenue $286,644

Investment Income $1,213,193

Other Revenue $0

TOTAL REVENUE $1,538,887

Expense Breakdown

Grants Paid $38,750

Salaries & Benefits $254,216

Fundraising Expenses $0

Program Expenses $1,504,028

Other Expenses $1,272,797

TOTAL EXPENSES $1,565,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,538,887	$1,549,678	0.0%
Expenses	$1,565,763	$1,582,446	0.0%
Net Income	$-26,876	$-32,768	-0.2%

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

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
STEPHANIE WALKER	CHAIR	2.00	Officer Director	$0	$0	$0
ALBERO ANTONINI	TRUSTEE - JOINED JULY 2024	1.00	Director	$0	$0	$0
TOM WALLIN	TRUSTEE - JOINED JULY 2024	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	$1,538,887	$1,565,763	$23,570,626	$-26,876
2024	$1,549,678	$1,582,446	$23,903,759	$-32,768
2023	$1,533,048	$1,518,189	$24,462,113	$14,859
2022	$1,648,144	$270,529	$24,637,902	$1,377,615
2021	$564,486	$115,421	$7,257,276	$449,065
2020	$-9,044	$34,885	$1,411,408	$-43,929