CONEY ISLAND PREPARATORY PUBLIC CHARTER SCHOOL

EIN: 943453217 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$34,365,872
Total Expenses
$35,775,951
Total Assets
$33,331,164
Net Assets
$11,644,279
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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
NY
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

TO PREPARE STUDENTS TO ENTER INTO AND SUCCEED IN THE COLLEGE AND CAREER OF THEIR CHOICE.

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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 $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

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Governance

Voting Members
8
Independent Members
8
Employees
331
Volunteers
10

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
7
$815,782
Total Directors
10
$0
Key Employees
4
$836,800
Highest Compensated
5
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
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