CONEY ISLAND PREPARATORY PUBLIC CH… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

KAREN JOHNSON

Phone

9292755868

Tax Period

2024-07-01 to 2025-06-30

CONEY ISLAND PREPARATORY PUBLIC CHARTER SCHOOL, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $34.4M in total revenue in fiscal year 2024.

Mission

LOCATED IN THE HEART OF SOUTHERN BROOKLYN, CONEY ISLAND PREP IS A RIGOROUS K-12 PUBLIC CHARTER SCHOOL. OUR MISSION IS TO ENSURE THAT ALL OF OUR SCHOLARS DEVELOP THE KNOWLEDGE AND CHARACTER TO SUCCEED IN THE COLLEGE AND CAREER OF THEIR CHOICE.

Program Service Accomplishments

Program 1

Expenses: $31,110,347 Revenue: $31,438,808

FOUNDED IN 2009, CONEY ISLAND PREP SERVED APPROXIMATELY 1,307 SCHOLARS DURING THE 2024-2025 SCHOOL YEAR IN GRADES K-12 ACROSS FOUR CAMPUSES. WHILE SERVING A DIVERSE POPULATION OF STUDENTS, INCLUDING THE MAJORITY FROM LOW-INCOME FAMILIES AND FIRST-GENERATION COLLEGE ASPIRANTS, CONEY ISLAND PREP CONSISTENTLY PROVIDES LIFE CHANGING OPPORTUNITIES. FOR THE EIGHT-CONSECUTIVE YEAR, MORE THAT 95% OF GRADUATES LEAVE CIP WITH ACCEPTANCE TO COLLEGE.

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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 $2,301,178

Program Service Revenue $31,438,808

Investment Income $624,775

Other Revenue $1,111

TOTAL REVENUE $34,365,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,391,243

Fundraising Expenses $28,331

Program Expenses $31,110,347

Other Expenses $9,384,708

TOTAL EXPENSES $35,775,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,365,872	$33,939,737	+0.0%
Expenses	$35,775,951	$35,543,830	+0.0%
Net Income	$-1,410,079	$-1,604,093	-0.1%

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

331

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

$815,782

Total Directors

Key Employees

$836,800

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE GORAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOSH WOLFE	CHAIRMAN, THRU AUG 2024	2.00	Officer Director	$0	$0	$0
JACOB MNOOKIN	SECRETARY	2.00	Officer Director	$0	$0	$0
NKONYE OKOH	TREASURER	2.00	Officer Director	$0	$0	$0
BRIAN BUCKMIRE	TRUSTEE	2.00	Director	$0	$0	$0
JOE HERRERA	TRUSTEE	2.00	Director	$0	$0	$0
DOMENICK PRIANTE	TRUSTEE	2.00	Director	$0	$0	$0
YEWANDE SALAU	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH TALIA	TRUSTEE, THRU SEPT 2024	2.00	Director	$0	$0	$0
NORIAN WATSON	TRUSTEE	2.00	Director	$0	$0	$0
LESLIE-BERNARD JOSEPH	SENIOR ADVISOR	55.00	Officer	$312,273	$30,637	$342,910
KAREN JOHNSON	CHIEF EXECUTIVE OFFICER	55.00	Officer	$238,723	$21,660	$260,383
MARCIA HERRERA	CHIEF FINANCIAL OFFICER,THRU 04/2025	55.00	Officer	$192,223	$20,266	$212,489
RACHEL GABRIEL	CHIEF SCHOOLS OFFICER	55.00	Key Emp	$190,817	$10,607	$201,424
MICHAEL FLETCHER CHIEF	TALENT AND EQUITY OFFICER	55.00	Key Emp	$160,826	$9,816	$170,642
ASHLEY WEECH	CHIEF EXTERNAL OFFICER	55.00	Key Emp	$197,523	$46,412	$243,935
LIZA POTTER	CHIEF ACADEMICS OFFICER	55.00	Key Emp	$186,552	$34,247	$220,799
MELISSA WASLEY DIRECTOR OF	COMPLIANCE & STUDENT SERVICES	55.00	Highest	$149,772	$17,519	$167,291
BRITANY HARPER	PRINCIPAL	55.00	Highest	$146,934	$11,803	$158,737
ANNE MARIE BITTER DIRECTOR OF	DEVELOPMENT AND COMMUNICATIONS	55.00	Highest	$140,693	$18,059	$158,752
CHRISTY BOISE	PRINCIPAL	55.00	Highest	$145,390	$18,190	$163,580
LADEIDRA MCCULLOUGH	PRINCIPAL	55.00	Highest	$142,090	$12,198	$154,288

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	$34,365,872	$35,775,951	$33,331,164	$-1,410,079
2024	$33,939,737	$35,543,830	$36,439,841	$-1,604,093
2023	$32,665,847	$32,584,616	$39,698,303	$81,231
2022	$29,983,218	$27,938,764	$16,888,725	$2,044,454
2021	$24,157,051	$21,095,547	$16,736,258	$3,061,504
2020	$21,470,841	$20,039,887	$13,696,265	$1,430,954
2019	$20,769,300	$20,565,364	$9,755,110	$203,936
2018	$19,679,327	$18,885,527	$9,544,529	$793,800

CONEY ISLAND PREPARATORY PUBLIC CHARTER SCHOOL