PASSPORT ACADEMY CHARTER SCHOOL

EIN: 463348692 501(c)(3) Education

PITTSBURGH, PA

Total Revenue
$4,395,466
Total Expenses
$3,314,407
Total Assets
$3,272,821
Net Assets
$2,852,955
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
PA
Principal Officer
PEGGY HARRIS
Phone
4123763724
Tax Period
2024-07-01 to 2025-06-30

PASSPORT ACADEMY CHARTER SCHOOL, founded in 2013, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 25% operating margin.

Mission

THE MISSION OF THE PASSPORT ACADEMY CHARTER SCHOOL ("PASSPORT ACADEMY") IS TO PREPARE COLLEGE AND CAREER READY GRADUATES TO THRIVE IN A DIVERSE COMMUNITY THROUGH AN ENGAGING BLENDED LEARNING EXPERIENCE THAT SUPPORTS INDIVIDUAL STUDENT NEEDS. PASSPORT ACADEMY IS A BLENDED LEARNING HIGH SCHOOL THAT IS FOCUSED ON PROVIDING STUDENTS WITH A VARIETY OF WRAP-AROUND SERVICES THAT ADDRESS NON-ACADEMIC NEEDS AND INCLUDES A GREAT EMPHASIS ON ACADEMIC ACHIEVEMENT. IT IS COMMITTED TO EMPOWERING STUDENTS WHO HAVE DROPPED OUT OF HIGH SCHOOL TO ACQUIRE THE ACADEMIC AND LIFE SKILLS NEEDED TO EARN THEIR HIGH SCHOOL DIPLOMA AND SUCCEED IN POST-SECONDARY EDUCATION AND CAREER OPPORTUNITIES.

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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 $264,472
Program Service Revenue $4,101,362
Investment Income $3,276
Other Revenue $26,356
TOTAL REVENUE $4,395,466

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,891,465
Fundraising Expenses $0
Program Expenses $1,764,152
Other Expenses $1,422,942
TOTAL EXPENSES $3,314,407

Year-over-Year Comparison

2024 2023 Change
Revenue $4,395,466 $3,425,730 +0.3%
Expenses $3,314,407 $3,493,608 -0.1%
Net Income $1,081,059 $-67,878 -16.9%
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
7
Independent Members
7
Employees
21
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
4
$198,385
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP PARR BOARD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RICHARD GUTKIND BOARD MEMBER 1.00
Director
$0 $0 $0
SHARON WATKINS BOARD TREASURER 1.00
Officer Director
$0 $0 $0
OLGA WELCH BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY HARRIS BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
LINDA BRYANT BOARD MEMBER 1.00
Director
$0 $0 $0
JW TABACCHI BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH OLIPHANT PRINCIPAL/CEO 40.00
Officer
$140,067 $58,318 $198,385
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 $4,395,466 $3,314,407 $3,272,821 $1,081,059
2024 $3,425,730 $3,493,608 $2,528,039 $-67,878
2023 $4,050,480 $3,660,184 $2,677,584 $390,296
2022 $3,585,894 $3,288,015 $1,859,717 $297,879
2021 $3,072,975 $3,050,302 $1,558,603 $22,673
2020 $4,221,213 $3,611,233 $1,971,198 $609,980
2018 $2,815,730 $2,831,258 $1,152,965 $-15,528
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