PHILADELPHIA SCHOOL OF DEMOCRACY (EIN 202968106) - 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

2010

Legal Domicile

Principal Officer

JOEL TURSKE

Phone

2152189586

Tax Period

2023-07-01 to 2024-06-30

PHILADELPHIA SCHOOL OF DEMOCRACY, founded in 2010, is a small nonprofit in the Education sector that reported $303K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $394K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE AN EDUCATIONAL ENVIRONMENT FOR STUDENTS K-12 TO EXPLORE FREELY, THINK CRITICALLY, AND WORK COLLABORATIVELY ACROSS AGES TO GOVERN THEMSELVES AND THEIR SCHOOL.

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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 $38,395

Program Service Revenue $255,617

Investment Income $0

Other Revenue $8,912

TOTAL REVENUE $302,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,052

Fundraising Expenses $13,813

Program Expenses $338,595

Other Expenses $191,627

TOTAL EXPENSES $393,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,924	$375,315	-0.2%
Expenses	$393,679	$422,971	-0.1%
Net Income	$-90,755	$-47,656	+0.9%

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

Volunteers

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

$57,540

Total Directors

$105,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC MARR	PRESIDENT	0.50	Officer Director	$0	$0	$0
JILL DENYES	SECRETARY	0.50	Officer Director	$0	$0	$0
KORI HEAVNER	TREASURER	0.50	Officer Director	$0	$0	$0
JOEL TURSKE	VICE PRESIDE	35.00	Officer Director	$57,540	$0	$57,540
REBECCA CINTRON-LOAISIGA	ASSISTANT SE	0.50	Officer Director	$0	$0	$0
SARAH BECKER	TRUSTEE	0.25	Director	$0	$0	$0
IAN RICE	TRUSTEE	0.25	Director	$0	$0	$0
BARBARA HANSEN	TRUSTEE	0.25	Director	$0	$0	$0
FRAN MCCLOSKEY	TRUSTEE	0.25	Director	$0	$0	$0
DESIRAE CESAR	TRUSTEE	0.25	Director	$0	$0	$0
KATE LORD	TRUSTEE	0.25	Director	$0	$0	$0
QUIANA MAPP	TRUSTEE AND	35.00	Director	$48,000	$0	$48,000
CHANTRISSE PARKS	TRUSTEE	0.25	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
2024	$302,924	$393,679	$1,519,670	$-90,755
2023	$375,315	$422,971	$1,647,052	$-47,656
2022	$368,156	$381,657	$204,905	$-13,501
2021	$281,637	$391,752	$258,450	$-110,115
2020	$297,516	$289,499	$175,299	$8,017
2019	$343,292	$335,446	$186,122	$7,846

PHILADELPHIA SCHOOL OF DEMOCRACY