FEDCAP APEX TECHNICAL SCHOOL 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

2022

Legal Domicile

Principal Officer

CHRISTINE MCMAHON

Phone

2128890575

Tax Period

2023-10-01 to 2024-09-30

FEDCAP APEX TECHNICAL SCHOOL INC, founded in 2022, is a mid-sized nonprofit in the Education sector that reported $26.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

SINCE 1961, APEX TECHNICAL SCHOOL HAS ENJOYED A RICH TRADITION OF SERVICE TO NEW YORKERS WHO KNOW US WELL FOR OUR ADULT VOCATIONAL TECHNICAL SCHOOL WHICH OFFERS TRAINING IN SKILLED TRADES. OUR HANDS-ON TRAINING COURSES GIVE INDIVIDUALS THE BASIC TRADE AND LABOR SKILLS NEEDED TO SECURE AN ENTRY-LEVEL POSITION IN THE FIELD. LOCATED IN LONG ISLAND CITY IN QUEENS, APEX OFFERS 900-HOUR CERTIFICATE COURSES IN HIGH DEMAND AREAS SUCH AS: AIR CONDITIONING AND REFRIGERATION, AUTOMOTIVE SERVICE, WELDING TECHNOLOGY, ELECTRICAL AND ADVANCED ELECTRICAL, PLUMBING AND CONSTRUCTION. ALL OF APEX'S TRADE PROGRAMS OFFER HANDS-ON TRAINING IN AS LITTLE AS 7 MONTHS. APEX IS LICENSED BY THE NEW YORK STATE EDUCATION DEPARTMENT AND ACCREDITED BY THE ACCREDITING COMMISSION OF CAREER SCHOOLS AND COLLEGES.

Program Service Accomplishments

Program 1

Expenses: $18,022,462 Revenue: $25,939,399

APEX TECHNICAL SCHOOL, INC. PROVIDE HANDS-ON TRAINING COURSES TO INDIVIDUALS THAT PROVIDE BASIC TRADE AND LABOR SKILLS NECESSARY TO SECURE AN ENTRY-LEVEL POSITION IN THE FIELD. SPECIFICALLY, THE...

APEX TECHNICAL SCHOOL, INC. PROVIDE HANDS-ON TRAINING COURSES TO INDIVIDUALS THAT PROVIDE BASIC TRADE AND LABOR SKILLS NECESSARY TO SECURE AN ENTRY-LEVEL POSITION IN THE FIELD. SPECIFICALLY, THE SCHOOL WILL PROVIDE VOCATIONAL TRAINING PROGRAMS IN THE AREAS OF AUTOMOTIVE SERVICE AND REPAIR; AIR CONDITIONING AND REFRIGERATION; AUTOBODY REPAIR; COMBINATION WELDING TECHNOLOGY; ELECTRICAL AND ADVANCED ELECTRICAL; CONSTRUCTION AND BUILDING SKILLS; PLUMBING AND PIPEFITTING. THE SCHOOL IS ALSO WORKING TO DEVELOP NEW CURRICULUM IN DIGITAL SKILLS INCLUDING AUDIO/VISUAL TECHNOLOGY, CYBER SECURITY, SOFTWARE ENGINEERING AND DIGITAL MEDIA/MARKETING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,939,399

Investment Income $0

Other Revenue $228,883

TOTAL REVENUE $26,168,282

Expense Breakdown

Grants Paid $2,522,437

Salaries & Benefits $11,396,953

Fundraising Expenses $0

Program Expenses $18,022,462

Other Expenses $11,535,056

TOTAL EXPENSES $25,454,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,168,282	$23,272,305	+0.1%
Expenses	$25,454,446	$25,786,918	0.0%
Net Income	$713,836	$-2,514,613	-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

N/A

Employees

445

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

$2,089,779

Total Directors

$610,096

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL KHOURY	CFO & TREASURER	1.00	Officer Director	$0	$8,517	$347,921
KENNETH BREZENOFF	CHAIRMAN	1.00	Officer Director	$0	$18,802	$262,175
CHRISTINE MCMAHON	PRESIDENT AND CEO	1.00	Officer	$0	$151,561	$891,927
STEVEN MARKOWITZ	PRESIDENT	40.00	Officer	$210,493	$19,706	$230,199
JACQUELINE MADRAVAZAKIS	VICE PRESIDENT (THRU 02/2024)	40.00	Officer	$167,627	$13,188	$180,815
STUART MARKOWITZ	VICE PRESIDENT	40.00	Officer	$170,537	$6,205	$176,742
SAU WONG	IT ADMINISTRATOR	1.00	Highest	$181,161	$12,946	$194,107
CARL GREENIDGE	INSTRUCTOR	1.00	Highest	$158,166	$11,937	$170,103
TROY PRINCE	EDUCATION DEPARTMENT HEAD	1.00	Highest	$130,572	$8,603	$139,175
BARRY BURKAN	DEAN OF STUDENT AFFAIRS	1.00	Highest	$125,357	$11,299	$136,656
JESSE POE	BUSINESS IMPROVEMENT MANAG	1.00	Highest	$126,718	$4,560	$131,278

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
2024	$26,168,282	$25,454,446	$54,600,862	$713,836
2023	$23,272,305	$25,786,918	$53,809,095	$-2,514,613