First Philadelphia Preparatory Charter School (EIN 233062230) - 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

2002

Legal Domicile

Principal Officer

DEBORAH SMITH

Phone

2157433100

Tax Period

2024-07-01 to 2025-06-30

First Philadelphia Preparatory Charter School, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $44.6M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $40.3M left a modest 10% surplus.

Mission

TO PROVIDE A HIGH QUALITY PUBLIC EDUCATION FOR STUDENTS IN GRADES K-12 IN THE CITY OF PHILADELPHIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,502,846

Program Service Revenue $38,123,843

Investment Income $884,961

Other Revenue $128,636

TOTAL REVENUE $44,640,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,096,500

Fundraising Expenses $0

Program Expenses $35,633,625

Other Expenses $27,225,127

TOTAL EXPENSES $40,321,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,640,286	$48,914,614	-0.1%
Expenses	$40,321,627	$38,105,378	+0.1%
Net Income	$4,318,659	$10,809,236	-0.6%

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

205

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

$240,047

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH SMITH	chief executive officer	40.0	Officer	$166,310	$73,737	$240,047
Erina Pearlstein	Principal	40.0	Highest	$133,441	$52,098	$185,539
Jennifer Marsico	Principal	40.0	Highest	$137,229	$30,231	$167,460
Nicholas Brown	Director of Climate	40.0	Highest	$108,206	$59,061	$167,267
Damon Crutchfield	Dean	40.0	Highest	$105,444	$49,424	$154,868
Kimberly Atias	Special Education Coordinator	40.0	Highest	$120,319	$29,349	$149,668
ANITA VEGA-KAISER	president	1.0	Officer Director	$0	$0	$0
TERESA GRUMBRECHT	treasurer	0.0	Officer Director	$0	$0	$0
Shoshana Stokes	Secretary	1.0	Officer Director	$0	$0	$0
Dr Martha J Ritter	Vice President	1.0	Officer Director	$0	$0	$0
Mydirah Littlepage-Saunders	Trustee	1.0	Director	$0	$0	$0
John Bish	Treasurer (Term 9/2024)	1.0	Officer 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	$44,640,286	$40,321,627	$68,452,453	$4,318,659
2024	No data	No data	No data	No data
2023	$39,399,233	$32,524,773	$60,342,967	$6,874,460
2022	$34,220,830	$29,391,287	$56,045,316	$4,829,543
2021	$32,144,820	$26,186,704	$17,098,192	$5,958,116
2020	$28,809,502	$28,652,283	$12,420,334	$157,219
2019	$28,633,755	$28,040,495	$12,954,607	$593,260
2018	$27,439,422	$27,119,863	$13,513,921	$319,559

First Philadelphia Preparatory Charter School