Memphis Street Academy Charter School

EIN: 455441135 501(c)(3) Education

Philadelphia, PA

Total Revenue
$13,959,087
Total Expenses
$11,982,263
Total Assets
$14,720,732
Net Assets
$7,076,760
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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
2012
Legal Domicile
PA
Principal Officer
STEVEN BILSKI
Phone
8565051300
Tax Period
2024-07-01 to 2025-06-30

Memphis Street Academy Charter School, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $14.0M in total revenue in fiscal year 2024. Expenses of $12.0M left a modest 14% surplus.

Mission

TO ENHANCE, SUPPORT AND PROMOTE CRITICAL THINKING AND THE PROBLEM-SOLVING SKILLS OF ITS SCHOOL-AGE LEARNERS AS THEY MASTER AND EXCEED PA AND NATIONAL EDUCATION STANDARDS.

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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 $3,973,706
Program Service Revenue $9,801,091
Investment Income $2,450
Other Revenue $181,840
TOTAL REVENUE $13,959,087

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,155,728
Fundraising Expenses $0
Program Expenses $9,309,234
Other Expenses $6,826,535
TOTAL EXPENSES $11,982,263

Year-over-Year Comparison

2024 2023 Change
Revenue $13,959,087 $14,279,250 0.0%
Expenses $11,982,263 $11,723,655 +0.0%
Net Income $1,976,824 $2,555,595 -0.2%
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
71
Volunteers
6

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
$256,261
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN M BILSKI CEO/Principal 40.0
Officer
$180,741 $75,520 $256,261
RONDA RICHMAN ASSISTANT PRINCIPAL 40.0
Highest
$146,046 $54,566 $200,612
CATHERINE M BLUMENSTOCK ASSISTANT PRINCIPAL 40.0
Highest
$145,319 $48,150 $193,469
KRISTINA ORTIZ DIRECTOR OF OPERATIONS 40.0
Highest
$125,554 $47,347 $172,901
Tara Mellace Director of Special Education 40.0
Highest
$124,909 $19,125 $144,034
Bridget Cole ELA Teacher 40.0
Highest
$121,078 $19,276 $140,354
Sandra Farmer President 1.0
Officer Director
$0 $0 $0
Michelle Campellone Treasurer 1.0
Officer Director
$0 $0 $0
Barbara Saunders Secretary 1.0
Officer Director
$0 $0 $0
Miguel Diaz Trustee 1.0
Director
$0 $0 $0
Stacey Schellinger Trustee 1.0
Director
$0 $0 $0
Pablo Mateo Vice President 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 $13,959,087 $11,982,263 $14,720,732 $1,976,824
2024 No data No data No data No data
2023 $11,794,499 $10,491,200 $13,414,524 $1,303,299
2022 $11,564,460 $10,818,746 $13,241,095 $745,714
2021 $11,794,375 $12,242,458 $14,138,695 $-448,083
2020 $12,316,436 $11,805,286 $14,825,141 $511,150
2019 $12,739,265 $12,784,511 $17,072,340 $-45,246
2018 $14,299,007 $12,882,255 $15,882,297 $1,416,752
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