PROPEL SCHOOLS FOUNDATION

EIN: 201100962 501(c)(3) Education

PITTSBURGH, PA

Total Revenue
$2,698,318
Total Expenses
$1,284,976
Total Assets
$22,205,589
Net Assets
$18,885,981
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
PA
Principal Officer
TINA CHEKAN
Phone
4123257305
Tax Period
2024-07-01 to 2025-06-30

PROPEL SCHOOLS FOUNDATION, founded in 2004, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 285% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 52% operating margin.

Mission

THE PROPEL SCHOOLS FOUNDATION SUPPORTS THE MISSION OF PROPEL SCHOOLS: TO CATALYZE THE TRANSFORMATION OF PUBLIC EDUCATION SO THAT ALL CHILDREN HAVE ACCESS TO HIGH-PERFORMING PUBLIC SCHOOLS. PROPEL SCHOOLS FOUNDATION SEEKS AND ACCEPTS DONATIONS AND OTHER RESOURCES THAT ADVANCE OUR IMPERATIVE WORK THAT EMPOWERS OUR SCHOLARS TO ACHIEVE ACADEMIC AND PERSONAL EXCELLENCE. FUNDS RAISED ARE DISPERSED TO THE SCHOOLS TO PROVIDE QUALITY PROGRAMS TO THE 3,500 SCHOLARS ATTENDING PROPEL'S 13 SCHOOLS.

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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 $1,795,780
Program Service Revenue $0
Investment Income $731,210
Other Revenue $171,328
TOTAL REVENUE $2,698,318

Expense Breakdown

Grants Paid $714,069
Salaries & Benefits $410,514
Fundraising Expenses $312,935
Program Expenses $714,069
Other Expenses $160,393
TOTAL EXPENSES $1,284,976

Year-over-Year Comparison

2024 2023 Change
Revenue $2,698,318 $700,229 +2.9%
Expenses $1,284,976 $1,734,537 -0.3%
Net Income $1,413,342 $-1,034,308 -2.4%
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

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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
15
Independent Members
15
Employees
4
Volunteers
30

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
6
$307,114
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD J HUBER PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK CANCILLA VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
HEIDI BATHOLOMEW TREASURER 1.00
Officer Director
$0 $0 $0
BRENDAN SURMA DIRECTOR 1.00
Director
$0 $0 $0
DAVID FAIR DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW HELFRICH DIRECTOR 1.00
Director
$0 $0 $0
RENEE JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
DIANA DEFINO DIRECTOR 1.00
Director
$0 $0 $0
SCOTT LAMMIE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL TURZAI DIRECTOR 1.00
Director
$0 $0 $0
COLEEN DAVIS DIRECTOR 1.00
Director
$0 $0 $0
KEVIN MACIKOWSKI SECRETARY 1.00
Officer Director
$0 $0 $0
LACEE ECKER DIRECTOR 1.00
Director
$0 $0 $0
BILL ADAMS DIRECTOR 1.00
Director
$0 $0 $0
LARRY BALDASARE DIRECTOR 1.00
Director
$0 $0 $0
TINA CHEKAN CEO/SUPERINTENDENT 5.00
Officer
$0 $84,081 $307,114
RYANN BRADLEY CHIEF FINANCIAL OFFICER STARTING 12/02/24 1.00
Officer
$0 $0 $0
CONSTANCE MURRARY SENIOR DIRECTOR, PROPEL SC 40.00
Highest
$0 $23,250 $148,652
BETH WRIGHT CHIEF FINANCIAL OFFICER UNTIL 09/13/24 1.00
$0 $19,511 $159,467
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 $2,698,318 $1,284,976 $22,205,589 $1,413,342
2024 $700,229 $1,734,537 $16,476,723 $-1,034,308
2023 $2,079,115 $1,368,491 $16,113,685 $710,624
2022 $2,693,560 $1,033,994 $14,353,776 $1,659,566
2021 $887,357 $1,427,595 $15,165,649 $-540,238
2020 $1,295,136 $2,258,890 $12,968,673 $-963,754
2019 $1,568,385 $1,938,111 $13,724,831 $-369,726
2018 $3,083,519 $2,060,000 $13,563,175 $1,023,519
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