FRIENDS OF YOUNG SCHOLARS

EIN: 863568192 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$355,279
Total Expenses
$389,589
Total Assets
$5,258,403
Net Assets
$475,550
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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
PA
Principal Officer
CHARLES FREYER
Phone
2152329727
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF YOUNG SCHOLARS, founded in 2021, is a small nonprofit in the Education sector that reported $355K in total revenue in fiscal year 2024.

Mission

THE MISSION OF FRIENDS OF YOUNG SCHOLARS IS TO PROVIDE SUPPORT TO YOUNG SCHOLARS CHARTER SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $8
Other Revenue $355,271
TOTAL REVENUE $355,279

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $389,589
TOTAL EXPENSES $389,589

Year-over-Year Comparison

2024 2023 Change
Revenue $355,279 $367,546 0.0%
Expenses $389,589 $400,978 0.0%
Net Income $-34,310 $-33,432 +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
N/A

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
SAMANTHA BANKS SECRETARY 2.00
Officer Director
$0 $0 $0
PAUL BUCCO TREASURER 2.00
Officer Director
$0 $0 $0
CHARLES FREYER PRESIDENT 2.00
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 $355,279 $389,589 $5,258,403 $-34,310
2024 $367,546 $400,978 $5,371,540 $-33,432
2023 $285,378 $407,222 $5,471,709 $-121,844
2022 $157,229 $251,388 $5,579,344 $-94,159
2021 $789,690 $30,395 $5,676,101 $759,295
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