STRING THEORY SCHOOLS

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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

2011

Legal Domicile

Principal Officer

ANGELA COROSANITE

Phone

8565051300

Tax Period

2023-07-01 to 2024-06-30

STRING THEORY SCHOOLS, founded in 2011, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2023. Expenses of $4.0M left a modest 8% surplus.

Mission

PROVIDE STIMULATING CURRICULUM WITH AN INTERNATIONAL FOCUS, EMPHASIZING THE ARTS, LANGUAGES, IDEAS, AND HISTORIES, FROM AN ARRAY OF CULTURES

Program Service Accomplishments

Program 1

Expenses: $3,033,263 Revenue: $4,311,860

THE PRIMARY MISSION OF STRING THEORY SCHOOLS IS TO PROVIDE AN INTELLECTUALLY STIMULATING CURRICULUM WITH AN INTERNATIONAL FOCUS, EMPHASIZING THE ARTS, LANGUAGES, IDEAS, AND HISTORIES, FROM AN ARRAY OF CULTURES FROM AROUND THE WORLD TO MEET ITS GOALS, THE SCHOOL DRAWS HEAVILY ON THE RESOURCES AVAILABLE IN PHILADELPHIA- THE MUSEUMS, HISTORIC LANDMARKS, BUSINESSES, SCHOOLS, PARKS, COMMUNITIES, AND FAMILIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,248,000

Investment Income $61,984

Other Revenue $63,860

TOTAL REVENUE $4,373,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,026,030

Fundraising Expenses $0

Program Expenses $3,033,263

Other Expenses $984,025

TOTAL EXPENSES $4,010,055

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,373,844	$4,139,575	+0.1%
Expenses	$4,010,055	$3,774,842	+0.1%
Net Income	$363,789	$364,733	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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$777,078

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY RITA D'ALESSANDRO	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
SANDRA MILLER	SECRETARY	2.00	Officer Director	$0	$0	$0
JOANN STIO RESIGNED 6242024	TREASURER	2.00	Officer Director	$0	$0	$0
FRANK GENTHER	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
NORMAN BALCHUNAS RESIGNED 6242024	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID RAEZER RESIGNED 6242024	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELA COROSANITE	CEO	40.00	Officer	$436,492	$44,482	$480,974
J JASON COROSANITE	CIO	40.00	Officer	$254,559	$41,545	$296,104
GREG BEIDLEMAN	DIRECTOR OF TECH	40.00	Highest	$124,325	$32,505	$156,830
THAYNE DIBBLE	COMPLIANCE MANAGER	40.00	Highest	$123,633	$29,666	$153,299
ALLISON HUSSEY	PSYCHOLOGIST	40.00	Highest	$144,429	$29,988	$174,417
MICHELLE FAULKNER	DIRECTOR OF SPEC ED	40.00	Highest	$147,098	$24,990	$172,088
DANIELLE SHYLIT	DIRECTOR OF INNOVATION	40.00	Highest	$123,202	$39,820	$163,022
DINA ANGELINA	DIRECTOR OF DATA MANAGEMEN	40.00	Highest	$106,209	$34,622	$140,831
THOMAS MOSCA	DIRECTOR OF TEACHING AND L	40.00	Highest	$107,871	$3,879	$111,750
MATTHEW WASCO	DIRECTOR OF FACILITIES	40.00	Highest	$113,417	$47,253	$160,670

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	No data	No data	No data	No data
2024	$4,373,844	$4,010,055	$3,395,921	$363,789
2023	$4,139,575	$3,774,842	$2,995,732	$364,733
2022	$3,922,429	$4,491,778	$2,668,571	$-569,349
2021	$3,760,795	$3,226,590	$3,302,982	$534,205
2020	$3,729,388	$3,612,935	$2,723,257	$116,453
2019	$3,408,817	$3,202,759	$2,756,795	$206,058
2018	$3,214,416	$2,746,750	$2,487,494	$467,666