FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL ACADEMY CHARTER SCHOOL INC (EIN 861828033) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

DAN KLORES

Phone

7188736049

Tax Period

2022-07-01 to 2023-06-30

FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL ACADEMY CHARTER SCHOOL INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $799K in total revenue in fiscal year 2022. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $145K, a strong 18% operating margin.

Mission

FRIENDS OF EMNR'S MISSION IS TO SUPPORT THE SCHOOL IN ITS MISSION VIA SUPPORT IN THE SCHOOL'S FACILITY WORK AS WELL AS ACTING AS A FUNDRAISING ARM FOR THE SCHOOL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $340,265

Program Service Revenue $0

Investment Income $344,195

Other Revenue $114,591

TOTAL REVENUE $799,051

Expense Breakdown

Grants Paid $273,000

Salaries & Benefits $0

Fundraising Expenses $43,375

Program Expenses $589,846

Other Expenses $380,737

TOTAL EXPENSES $653,737

Year-over-Year Comparison

	2022	2021	Change
Revenue	$799,051	$10,638,049	-0.9%
Expenses	$653,737	$218,330	+2.0%
Net Income	$145,314	$10,419,719	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
DAN KLORES	CHAIR	1.00	Officer Director	$0	$0	$0
JACK IRUSHALMI	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT MAGER	TRUSTEE	1.00	Director	$0	$0	$0
MONICA MAJOR	TRUSTEE	1.00	Director	$0	$0	$0
ANTONIO BURGOS	TRUSTEE	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$799,051	$653,737	$12,658,138	$145,314
2022	$10,638,049	$218,330	$10,714,144	$10,419,719

FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL ACADEMY CHARTER SCHOOL INC