PERSEUS HOUSE CHARTER SCHOOL OF EX… - 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

2003

Legal Domicile

Phone

8144805900

Tax Period

2022-07-01 to 2023-06-30

PERSEUS HOUSE CHARTER SCHOOL OF EXCELLENCE, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $11.9M in total revenue in fiscal year 2022. Expenses of $11.1M left a modest 7% surplus.

Mission

The mission of the Perseus House Charter School of Excellence is to provide a variety of educational opportunities to foster academic excellence through partnerships with family, community, and school.

Program Service Accomplishments

Program 1

Expenses: $11,053,950 Revenue: $11,937,000

CHARTER SCHOOL SPECIALIZING IN THE EDUCATION OF AT-RISK STUDENTS IN REGULAR AND SPECIAL EDUCATION FORMATS FOR STUDENTS FROM SIXTH THROUGH TWELFTH GRADES (677 STUDENTS SERVED IN 2022-23)

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,673,230

Program Service Revenue $9,247,380

Investment Income $16,390

Other Revenue $0

TOTAL REVENUE $11,937,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,408,535

Fundraising Expenses $0

Program Expenses $11,053,950

Other Expenses $2,715,171

TOTAL EXPENSES $11,123,706

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,937,000	$11,140,008	+0.1%
Expenses	$11,123,706	$10,304,274	+0.1%
Net Income	$813,294	$835,734	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

Governance

Voting Members

Independent Members

Employees

330

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

$556,624

Total Directors

Key Employees

$920,356

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Nick Viglione	Chief Executive Officer	16	Officer Key Emp	$79,789	$71,215	$265,312
Renee S Gordon	Chief Administrative Officer	40.00	Key Emp	$121,834	$70,804	$192,638
Christopher Fortin	Director of Pupil Services	40.00	Key Emp	$108,044	$62,118	$170,162
Christopher Primavere	District Administrator	40.00	Key Emp	$103,929	$61,309	$165,238
Stephanie Milford	Treasurer/Chief Financial Officer	16.00	Officer	$50,985	$48,795	$164,306
Mario Mezzacapo	Secretary	0.5	Officer Key Emp	$0	$14,681	$127,006
Mary C Holliday	Board Member	0.50	Director	$0	$0	$0
Kathy Ibemere	Board Member	0.50	Director	$0	$0	$0
Nicole Ford	Board Member	0.50	Director	$0	$0	$0
Dr Thomas Fortin	Board Member	0.50	Director	$0	$0	$0
Dr John Linden	Board Member	0.50	Director	$0	$0	$0
Robert Marz	Board Member	0.50	Director	$0	$0	$0
Joshua Maloney	Chairperson	0.50	Director	$0	$0	$0
Katy Wolfrom	Vice Chairperson	0.50	Director	$0	$0	$0
Dorothy Smith-Frazier	Board Member	0.50	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	No data	No data	No data	No data
2023	$11,937,000	$11,123,706	$6,778,370	$813,294
2023	$13,814,847	$12,562,567	$8,273,489	$1,252,280
2022	$11,140,008	$10,304,274	$6,205,569	$835,734
2021	$11,611,102	$9,361,535	$4,945,779	$2,249,567
2020	$8,880,919	$9,311,112	$4,305,921	$-430,193
2019	$8,729,297	$8,851,134	$3,503,677	$-121,837
2018	$8,125,616	$8,059,518	$4,397,741	$66,098

PERSEUS HOUSE CHARTER SCHOOL OF EXCELLENCE