FRIENDS OF SBCSICA INC (EIN 832700166) - 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

2018

Legal Domicile

Principal Officer

Shameeka Gonzalez

Phone

6462359061

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF SBCSICA INC, founded in 2018, is a small nonprofit in the Education sector that reported $279K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 971% operating deficit.

Mission

OUR MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF SOUTH BRONX CHARTER School FOR INTERNATIONAL CULTURES AND THE ARTS SCHOOL BY ACQUIRING, LEASING, CONSTRUCTING, RENOVATING AND MAINTAINING REAL ESTATE AND OTHER FACILITIES FOR THE USE OF THE STUDENTS AND FACULTY OF SOUTH BRONX CHARTER School FOR INTERNATIONAL CULTURES AND THE ARTS. AND BY UNDERTAKING OR FUNDING OTHER ACTIVITIES AND SERVICES THAT ENHANCE, AUGMENT AND COMPLEMENT SOUTH BRONX CHARTER FOR INTERNATIONAL CULTURES AND THE ARTS'S EDUCATIONAL PROGRAMS AND ACTIVITIES.

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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 $279,124

Other Revenue $0

TOTAL REVENUE $279,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,648,050

Other Expenses $2,988,665

TOTAL EXPENSES $2,988,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$279,124	$225,404	+0.2%
Expenses	$2,988,665	$1,422,090	+1.1%
Net Income	$-2,709,541	$-1,196,686	+1.3%

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
Shameeka Gonzalez	Board Chairman	1.00	Officer Director	$0	$0	$0
IRENE GALVN	Secretary	1.00	Officer Director	$0	$0	$0
RICARDO COSME RUIZ	Treasurer	1.00	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	$279,124	$2,988,665	$39,696,212	$-2,709,541
2024	No data	No data	No data	No data

FRIENDS OF SBCSICA INC