PENNSYLVANIA DISTANCE LEARNING CHARTER SCHOOL (EIN 201331146) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

DR MICHAEL LEITERA

Phone

7249337300

Tax Period

2023-07-01 to 2024-06-30

PENNSYLVANIA DISTANCE LEARNING CHARTER SCHOOL, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $26.2M in total revenue in fiscal year 2023. Expenses of $24.8M left a modest 5% surplus.

Mission

OPERATION OF AN ELEMENTARY AND SECONDARY CYBER SCHOOL FOR EDUCATIONAL PURPOSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,132,358

Program Service Revenue $22,514,335

Investment Income $563,415

Other Revenue $696

TOTAL REVENUE $26,210,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,425,196

Fundraising Expenses $0

Program Expenses $16,197,461

Other Expenses $8,367,021

TOTAL EXPENSES $24,792,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,210,804	$25,293,499	+0.0%
Expenses	$24,792,217	$25,493,658	0.0%
Net Income	$1,418,587	$-200,159	-8.1%

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

176

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

$203,071

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MAROUS	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM DONAHUE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN CATANZARITE	TRUSTEE	1.00	Director	$0	$0	$0
DR MICHAEL LEITERA	CEO	40.00	Officer	$139,015	$64,056	$203,071
AUBREY PLOESCH	ELEMENTARY PRINCIPAL	40.00	Highest	$116,240	$61,029	$177,269
CHARLES MORT	HIGH SCHOOL PRINCIPAL	40.00	Highest	$133,166	$67,205	$200,371
NICHOLAS KOCUBA	CHIEF OPERATIONS OFFICER	40.00	Highest	$114,981	$59,514	$174,495
STEPHANIE FAITH	SPECIAL EDUCATION COORDINA	40.00	Highest	$114,002	$59,175	$173,177
DEAN PAPPATERRA	CHIEF COMPLIANCE OFFICER	40.00	Highest	$133,047	$28,618	$161,665
PATRICIA ROSSETTI	FORMER CEO	40.00		$45,032	$19,257	$64,289

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
2024	$26,210,804	$24,792,217	$30,716,135	$1,418,587
2023	$25,293,499	$25,493,658	$28,264,831	$-200,159
2022	$24,925,496	$22,576,407	$27,697,006	$2,349,089
2021	$23,438,383	$18,283,056	$15,509,027	$5,155,327
2020	$14,782,335	$13,880,108	$9,264,915	$902,227
2019	$13,647,132	$13,265,057	$7,787,180	$382,075
2018	$12,394,100	$11,533,093	$7,583,094	$861,007

PENNSYLVANIA DISTANCE LEARNING CHARTER SCHOOL