FRIENDS OF VALENCE PREP INC

EIN: 853616971 501(c)(3) Education

QUEENS, NY

Total Revenue
$3,332,459
Total Expenses
$3,118,305
Total Assets
$46,099,444
Net Assets
$416,680
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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
2021
Legal Domicile
NY
Principal Officer
LUKE DE GROSSI
Phone
6468548414
Tax Period
2022-07-01 to 2023-06-30

FRIENDS OF VALENCE PREP INC, founded in 2021, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2022. Expenses of $3.1M left a modest 6% surplus.

Mission

THE ORGANIZATION WAS ESTABLISHED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF VALENCE COLLEGE PREP CHARTER SCHOOL IN THE STATE OF NEW YORK

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $3,332,459
TOTAL REVENUE $3,332,459

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,894,727
Other Expenses $3,118,305
TOTAL EXPENSES $3,118,305

Year-over-Year Comparison

2022 2021 Change
Revenue $3,332,459 $3,132,834 +0.1%
Expenses $3,118,305 $2,925,308 +0.1%
Net Income $214,154 $207,526 +0.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUKE DE GROSSI CHAIR 1.00
Officer Director
$0 $0 $0
BESK PRYOR TREASURER 1.00
Officer Director
$0 $0 $0
ANGELA GUERRERO SECRETARY 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 No data No data No data No data
2024 No data No data No data No data
2023 $3,332,459 $3,118,305 $46,099,444 $214,154
2022 $3,132,834 $2,925,308 $1,442,930 $207,526
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