PHILADELPHIA PERFORMING ARTS A STRING THEORY CHARTER SCHOOL

EIN: 233040987 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$60,893,660
Total Expenses
$58,926,095
Total Assets
$84,859,947
Net Assets
$14,123,116
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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
ANGELA PULEIO
Phone
8565051300
Tax Period
2024-07-01 to 2025-06-30

PHILADELPHIA PERFORMING ARTS A STRING THEORY CHARTER SCHOOL, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $60.9M in total revenue in fiscal year 2024. Expenses of $58.9M left a modest 3% surplus.

Mission

TO EDUCATE EACH CHILD ACCORDING TO AGE AND DEVELOPMENT, SO THAT LEARNING AND GROWTH ARE UNITED; TO INTEGRATE THE DEVELOPING MIND AND BODY OF THE CHILD WITH ACADEMICS AND THE PERFORMING ARTS TO ENSURE EACH CHILD'S EXCELLENCE IN CORE AND ACADEMIC SKILLS; TO AWAKEN AND PRESERVE THE SPIRIT OF OUR CHILDREN THROUGH THE VISUAL ARTS, VOCAL ARTS, INSTRUMENTAL MUSIC, CREATIVE WRITING, CLASSICAL BALLET, FRENCH, AND INNOVATIONS IN THE FIELD OF SCIENCE - ALL INTERTWINED WITH TECHNOLOGY, AND; TO NOURISH THIS SPIRIT AND CURIOSITY S0 THAT STUDENTS CONTINUE TO FLOURISH LONG AFTER THE END OF FORMAL TRAINING

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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 $8,317,413
Program Service Revenue $51,483,902
Investment Income $445,810
Other Revenue $646,535
TOTAL REVENUE $60,893,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,413,903
Fundraising Expenses $0
Program Expenses $43,931,954
Other Expenses $28,512,192
TOTAL EXPENSES $58,926,095

Year-over-Year Comparison

2024 2023 Change
Revenue $60,893,660 $61,332,739 0.0%
Expenses $58,926,095 $55,056,453 +0.1%
Net Income $1,967,565 $6,276,286 -0.7%
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
6
Independent Members
6
Employees
380
Volunteers
100

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
$262,393
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAVIER KUEHNLE CHAIRMAN 2.00
Officer Director
$0 $0 $0
WILLIAM BRADLEY LEACH VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
KRISTIN KUBACH SECRETARY 2.00
Officer Director
$0 $0 $0
RONALD PIGLIACELLI TREASURER 2.00
Officer Director
$0 $0 $0
EVELT VERTIL BOARD MEMBER 2.00
Director
$0 $0 $0
KRISTA ALEXANDER BOARD MEMBER 2.00
Director
$0 $0 $0
ANGELA PULEIO CEO & PRINCIPAL 40.00
Officer
$189,231 $73,162 $262,393
JENNIFER SHEETO PSYCHOLOGIST 40.00
Highest
$169,139 $17,470 $186,609
GINA KNOWLES SPECIAL ED DIRECTOR 40.00
Highest
$144,809 $69,967 $214,776
EMILY WALKIEWICZ PRINCIPAL 40.00
Highest
$142,132 $74,507 $216,639
NOELLE LUCCIONI CHIEF ACADEMIC OFFICER 40.00
Highest
$138,434 $73,253 $211,687
GEOFFREY HUTTON SPEC ED SUPER 40.00
Highest
$135,597 $72,292 $207,889
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 $60,893,660 $58,926,095 $84,859,947 $1,967,565
2024 $61,332,739 $55,056,453 $84,824,102 $6,276,286
2023 $51,416,720 $50,908,680 $79,691,819 $508,040
2022 $47,304,770 $44,782,011 $79,701,789 $2,522,759
2021 $43,176,770 $37,547,495 $27,708,411 $5,629,275
2020 $38,579,436 $35,357,021 $20,881,522 $3,222,415
2019 $36,573,176 $34,509,120 $19,478,370 $2,064,056
2018 $32,704,714 $31,554,630 $18,727,504 $1,150,084
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