Dr Richard Izquierdo Health & Science Charter School

Nonprofit profile at a glance

EIN
271766995
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Bronx, NY, USA
Phone
7183780490
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$18,205,888
Expenses
$17,419,799
Assets
$12,803,262
Liabilities
$2,869,530

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • LINDSAY MALANGA (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LINDSAY MALANGA (EXECUTIVE DIRECTOR): $266,375 total reported compensation
  • DERIAN DELATORRE (SR. DIRECTOR, FINANCE & OP): $184,063 total reported compensation
  • BEATRIZ SZMURLO (HIGH SCHOOL PRINCIPAL): $176,968 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Dr. Richard izquierdo health & science charter school is a middle and high school in the south bronx neighborhood of New York that provides its students with a nurturing and challenging educational experience.

What it reported doing in 2024

The program at dr. Richard izquierdo health and science charter school seeks to provide a well-rounded experience for every student. At the foundation is rigorous academics, where teachers complete intellectual preparation and student exemplars in advance of instruction. We also provide an extensive mental health and counseling program - one that includes a counselor for each grade level, specialized crisis counselors and social workers, and college and career counseling. Further, the school takes pride in its thriving sports program, offering a variety of athletics for every season. This past year, the school earned repeated championships in high school girls' volleyball and hs flag football in the charter school athletic league.for the 2024 - 2025 school year, the school served approximately 727 students in grades 6th through 12th. Students in middle school grew 15pp in ela proficiency, 7pp in math proficiency, and 23pp in science proficiency on their nys exams. This year, 87% of our graduates received a full-ride scholarship to college. Students earned financial aid packages totaling over $40 million.we take pride in our partnership with urban health plan and continue to connect our scholars and families with an array of services and support, including the uhp school-based health clinic.

Operating model

Revenue model
Earned-program. 84% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.8%; rating input score 80
  • Program expense ratio: 84.4%; rating input score 84
  • Fundraising efficiency: $43.3 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.3%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.73; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 8.8%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 5.4% per year; rating input score 100; 45th percentile among comparable filings
  • Revenue growth: 9.9% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 15.8% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 79.8% of revenue deployed · 84.4% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $14.7M in reported program spending
  • Leadership: top reported pay $266K · 18 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $860K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 51/100.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.