The Preparatory Charter School

EIN: 232954170 501(c)(3) Education

Philadelphia, PA

Total Revenue
$12,808,356
Total Expenses
$9,545,355
Total Assets
$16,023,808
Net Assets
$8,823,724
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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
1998
Legal Domicile
PA
Principal Officer
Fred Musilli
Phone
2154638503
Tax Period
2023-07-01 to 2024-06-30

The Preparatory Charter School, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $12.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.3M, a strong 25% operating margin.

Mission

Basic education for High School students

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,260,862
Investment Income $547,494
Other Revenue $0
TOTAL REVENUE $12,808,356

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,678,659
Fundraising Expenses $0
Program Expenses $6,431,556
Other Expenses $1,866,696
TOTAL EXPENSES $9,545,355

Year-over-Year Comparison

2023 2022 Change
Revenue $12,808,356 $11,328,139 +0.1%
Expenses $9,545,355 $8,523,361 +0.1%
Net Income $3,263,001 $2,804,778 +0.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
101
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
1
$175,122
Total Directors
12
$0
Key Employees
1
$175,122
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frederic Musilli President 1.00
Director
$0 $0 $0
Jennifer Massenburg Vice President 1.00
Director
$0 $0 $0
Christine Formosa Secretary 1.00
Director
$0 $0 $0
Michael Giagiordano II Treasurer 1.00
Director
$0 $0 $0
Vincent Melchiorre Member 1.00
Director
$0 $0 $0
Dyana Baurley Member 1.00
Director
$0 $0 $0
Mark Rago Member 1.00
Director
$0 $0 $0
Deardra Blow Member 1.00
Director
$0 $0 $0
Damaris Garcia Esq Member 1.00
Director
$0 $0 $0
Annette Kelly Member 1.00
Director
$0 $0 $0
Carmella Granger Member 1.00
Director
$0 $0 $0
Bria Young Member 1.00
Director
$0 $0 $0
Jo Ann Moore Principal 40.00
Highest
$160,487 $0 $160,487
David P Wright CEO 40.00
Officer Key Emp Highest
$175,122 $0 $175,122
Katie Braymiller Assistant Principal 40.00
Highest
$121,473 $0 $121,473
Amanjot Kaur Business Manager 40.00
Highest
$57,489 $0 $57,489
Simrit Singh Business Manager 40.00
Highest
$106,763 $0 $106,763
Jeremy Kane Maintenance 40.00
Highest
$103,695 $0 $103,695
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
2024 $12,808,356 $9,545,355 $16,023,808 $3,263,001
2023 $11,328,139 $8,523,361 $13,174,621 $2,804,778
2022 $11,236,766 $7,805,586 $11,082,122 $3,431,180
2021 $10,114,968 $6,834,689 $8,964,053 $3,280,279
2020 $8,889,759 $6,231,048 $6,501,366 $2,658,711
2019 $8,088,017 $5,550,556 $5,261,124 $2,537,461
2019 $8,088,017 $5,550,556 $5,261,124 $2,537,461
2018 $1,567,013 $7,349,147 $4,203,224 $-5,782,134
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