SCHOOL LANE CHARTER SCHOOL

EIN: 232965591 501(c)(3) Education

BENSALEM, PA

Total Revenue
$29,894,246
Total Expenses
$24,058,323
Total Assets
$62,130,279
Net Assets
$16,410,558
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
PA
Principal Officer
KAREN A SCHADE
Phone
2152456055
Tax Period
2024-07-01 to 2025-06-30

SCHOOL LANE CHARTER SCHOOL, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $29.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.8M, a strong 20% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO CREATE A SANCTUARY WHERE ALL MEMBERS OF THE LEARNING COMMUNITY ARE PARTNERS AND SHOW BY EXAMPLE THEIR COMMITMENT TO THE SCHOOL LANE CHARTER SCHOOL VISION OF HIGH ACHIEVEMENT, LIFELONG AND ACTIVE LEARNING, DIVERSITY AND EQUITY, INTERNATIONAL MINDEDNESS AND COLLABORATIVE PROBLEM SOLVING.

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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 $2,264,017
Program Service Revenue $26,648,198
Investment Income $877,913
Other Revenue $104,118
TOTAL REVENUE $29,894,246

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,737,596
Fundraising Expenses $0
Program Expenses $20,620,130
Other Expenses $7,320,727
TOTAL EXPENSES $24,058,323

Year-over-Year Comparison

2024 2023 Change
Revenue $29,894,246 $27,152,566 +0.1%
Expenses $24,058,323 $23,056,970 +0.0%
Net Income $5,835,923 $4,095,596 +0.4%
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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Governance

Voting Members
8
Independent Members
8
Employees
235
Volunteers
183

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
5
$299,087
Total Directors
8
$0
Key Employees
2
$377,916
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER HYAMS PRESIDENT 1.00
Officer Director
$0 $0 $0
JOE CUMMONS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
VIVEK PATEL BOARD TREASURER 1.00
Officer Director
$0 $0 $0
KELLY MCGEE BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
LEOLENE CARRINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
ED GUSTER BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL MAHALIS BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER O'DONNELL BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN A SCHADE CHIEF EXECUTIVE OFFICER 40.00
Officer
$217,245 $81,842 $299,087
DAVID ROBINSON PRINCIPAL 40.00
Key Emp
$174,282 $32,149 $206,431
COLETTE WEBER PRINCIPAL 40.00
Key Emp
$155,563 $15,922 $171,485
KRISTIN HOKANSON CURRICULUM 40.00
Highest
$141,300 $29,851 $171,151
JAMES MUNIZZA DIRECTOR OF ASSESSMENT, DATA OF TECHNOLOGY 40.00
Highest
$157,150 $64,462 $221,612
MICHELLE STRIDE VP OF SPECIAL EDUCATION 40.00
Highest
$148,850 $65,871 $214,721
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 $29,894,246 $24,058,323 $62,130,279 $5,835,923
2024 $27,152,566 $23,056,970 $58,704,699 $4,095,596
2023 $24,331,211 $21,478,544 $54,816,897 $2,852,667
2022 $23,843,370 $21,132,809 $54,118,458 $2,710,561
2021 $21,371,625 $20,171,386 $52,872,363 $1,200,239
2020 $20,092,389 $20,807,341 $52,021,091 $-714,952
2019 $20,395,600 $20,654,679 $52,787,282 $-259,079
2018 $19,133,585 $19,322,830 $52,114,751 $-189,245
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