PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS (EIN 300171985) - 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

2006

Legal Domicile

Principal Officer

ELIZABETH HOFREUTER

Phone

6105672960

Tax Period

2024-07-01 to 2025-06-30

PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS, founded in 2006, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE EDUCATIONAL SERVICES TO INDEPENDENT PRIVATE SCHOOLS IN PENNSYLVANIA AND DELAWARE.

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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 $768,802

Program Service Revenue $301,028

Investment Income $42,295

Other Revenue $1,188

TOTAL REVENUE $1,113,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $745,510

Fundraising Expenses $0

Program Expenses $624,364

Other Expenses $343,538

TOTAL EXPENSES $1,089,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,113,313	$980,837	+0.1%
Expenses	$1,089,048	$997,468	+0.1%
Net Income	$24,265	$-16,631	-2.5%

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

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

Total Directors

$258,319

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD BARNETT	CHAIR	2.50	Officer Director	$0	$0	$0
RICHARD SCHELLHAS	VICE CHAIR/TREASURER	2.50	Officer Director	$0	$0	$0
MICHAEL GARY	VICE CHAIR	2.50	Officer Director	$0	$0	$0
TEKAKWITHA M PERNAMBUCO-WISE	SECRETARY	2.50	Officer Director	$0	$0	$0
BETH JOHNSON	DIRECTOR	2.50	Director	$0	$0	$0
NOOHA AHMED-LEE	DIRECTOR	2.50	Director	$0	$0	$0
GEORGE ZELEZNIK	DIRECTOR	2.50	Director	$0	$0	$0
PETER GURT	DIRECTOR	2.50	Director	$0	$0	$0
DANA HARRISON	DIRECTOR	2.50	Director	$0	$0	$0
ROD STANTON	DIRECTOR	2.50	Director	$0	$0	$0
CHRISTINE HEINE	DIRECTOR	2.50	Director	$0	$0	$0
CHRIS BENBOW	DIRECTOR	2.50	Director	$0	$0	$0
BROTHER JAMES BUTLER	DIRECTOR	2.50	Director	$0	$0	$0
SHERRY COLEMAN	DIRECTOR	2.50	Director	$0	$0	$0
LISA SUN	DIRECTOR	2.50	Director	$0	$0	$0
BARTLEY GRIFFITH	DIRECTOR	2.50	Director	$0	$0	$0
LAURA HOTCHKISS	DIRECTOR	2.50	Director	$0	$0	$0
QUENTIN MCDOWELL	DIRECTOR	2.50	Director	$0	$0	$0
MARY MEHALA	DIRECTOR	2.50	Director	$0	$0	$0
GARY NIELS	EXECUTIVE DIRECTOR	40.00	Director	$121,400	$7,284	$128,684
LANING JOSHUA HARVEY	INTERIM EXECUTIVE DIRECTOR	40.00	Director	$115,839	$13,796	$129,635

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	$1,113,313	$1,089,048	$1,160,630	$24,265
2024	$980,837	$997,468	$1,059,538	$-16,631
2023	$855,926	$884,937	$996,053	$-29,011
2022	$704,796	$741,079	$986,088	$-36,283
2021	$471,991	$565,419	$1,182,132	$-93,428
2020	$705,177	$648,982	$1,177,296	$56,195
2019	$770,065	$660,720	$1,017,822	$109,345

PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS