THE PENNSYLVANIA CYBER CHARTER SCHOOL

EIN: 233037992 501(c)(3) Education

MIDLAND, PA

Total Revenue
$223,622,128
Total Expenses
$169,113,762
Total Assets
$461,175,516
Net Assets
$247,147,680
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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
2000
Legal Domicile
PA
Principal Officer
BRIAN HAYDEN
Phone
8887229237
Tax Period
2024-07-01 to 2025-06-30

THE PENNSYLVANIA CYBER CHARTER SCHOOL, founded in 2000, is a major nonprofit in the Education sector that reported $223.6M in total revenue in fiscal year 2024. The organization ran a surplus of $54.5M, a strong 24% operating margin.

Mission

EMPOWER ALL STUDENTS AND FAMILIES TO BECOME ACTIVE PARTICIPANTS IN THEIR OWN LEARNING AND EQUIP THEM WITH SKILLS FOR THE FUTURE. WE ACHIEVE THIS THROUGH ENGAGING CONTENT, DELIVERED BY INNOVATIVE TEACHING IN A CULTURE OF CARING.

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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 $3,183
Program Service Revenue $211,448,328
Investment Income $11,647,439
Other Revenue $523,178
TOTAL REVENUE $223,622,128

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,835,575
Fundraising Expenses $0
Program Expenses $138,807,220
Other Expenses $67,278,187
TOTAL EXPENSES $169,113,762

Year-over-Year Comparison

2024 2023 Change
Revenue $223,622,128 $220,930,664 +0.0%
Expenses $169,113,762 $168,893,566 +0.0%
Net Income $54,508,366 $52,037,098 +0.0%
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
7
Independent Members
7
Employees
824
Volunteers
7

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
$971,623
Total Directors
7
$0
Key Employees
4
$1,237,619
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD ELDER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
TOM DORSEY TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN ROBINSON PRESIDENT 2.00
Officer Director
$0 $0 $0
MARC STRAWDERMAN TRUSTEE 2.00
Director
$0 $0 $0
DAN LEROY TRUSTEE 2.00
Director
$0 $0 $0
JOHN HAYNES TRUSTEE 2.00
Director
$0 $0 $0
ROBERT BICKERTON TRUSTEE 2.00
Director
$0 $0 $0
BRIAN HAYDEN CHIEF EXECUTIVE OFFICER 40.00
Officer
$275,096 $103,475 $378,571
MATTHEW SCHULTE TREASURER/CHIEF FINANCIAL 40.00
Officer
$221,039 $102,433 $323,472
CASSANDRA KIRKLAND SECRETARY/EXECUTIVE COORDI 40.00
Officer
$60,692 $30,687 $91,379
CHERYL LEYDIG ASSISTANT SECRETARY 40.00
Officer
$113,379 $64,822 $178,201
FRANCES SPIGELMYER CHIEF ACADEMIC OFFICER 40.00
Key Emp
$227,985 $103,729 $331,714
NICOLE GRANITO CHIEF OPERATIONS OFFICER 40.00
Key Emp
$226,985 $87,142 $314,127
JENNIFER SHOAF DEPUTY CHIEF ACADEMIC OFFI 40.00
Key Emp
$210,672 $71,521 $282,193
ERIC WOELFEL DEPUTY CHIEF OPERATIONS OF 40.00
Key Emp
$210,672 $98,913 $309,585
ROXANNE LEONE BOVALINO DIRECTOR OF HUMAN RESOURCE 40.00
Highest
$158,012 $53,644 $211,656
DEAN PHILLIPS SENIOR TECHNOLOGY DIRECTOR 40.00
Highest
$153,270 $75,848 $229,118
SANDRA FOUCH DIRECTOR OF DATA AND ASSES 40.00
Highest
$144,009 $76,402 $220,411
RYAN FRUEH DIRECTOR OF BUSINESS SERVI 40.00
Highest
$148,887 $77,938 $226,825
JERALD BARRIS PRINCIPAL 11-12 40.00
Highest
$146,047 $76,972 $223,019
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 $223,622,128 $169,113,762 $461,175,516 $54,508,366
2024 $220,930,664 $168,893,566 $387,812,931 $52,037,098
2023 $197,356,823 $161,433,475 $330,814,663 $35,923,348
2022 $197,565,940 $158,090,808 $295,098,421 $39,475,132
2021 $189,681,338 $154,116,444 $245,228,640 $35,564,894
2020 $167,913,346 $156,072,590 $198,982,973 $11,840,756
2019 $168,296,584 $151,824,178 $175,528,155 $16,472,406
2018 $150,454,802 $138,830,783 $146,195,188 $11,624,019
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