FRIENDS OF THE PREPARATORY CHARTER SCHOOL (EIN 562428125) - 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

2003

Legal Domicile

Principal Officer

CHARLES PEARSALL III

Phone

2157781980

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE PREPARATORY CHARTER SCHOOL, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $265K in total revenue in fiscal year 2024. Expenses of $315K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO MANAGE THE FACILITY OCCUPIED BY THE PREPARATORY CHARTER SCHOOL OF MATHEMATICS, SCIENCE, TECHNOLOGY, AND CAREERS (THE SCHOOL), A PENNSYLAVANIA NONPROFIT CORPORATION.

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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 $0

Program Service Revenue $214,807

Investment Income $49,702

Other Revenue $0

TOTAL REVENUE $264,509

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $268,574

Other Expenses $312,373

TOTAL EXPENSES $314,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,509	$245,290	+0.1%
Expenses	$314,873	$326,501	0.0%
Net Income	$-50,364	$-81,211	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES PEARSALL III	PRESIDENT	15.00	Officer Director	$0	$0	$0
JOHN H RICHARDSON	SECRETARY	5.00	Officer Director	$0	$0	$0
MICHAEL GIANGIORDANO	TREASURER	5.00	Officer Director	$0	$0	$0
WICK SAVAGE	MEMBER	5.00	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
2024	$264,509	$314,873	$5,636,582	$-50,364
2023	$245,290	$326,501	$3,279,779	$-81,211
2021	$216,458	$297,776	$3,536,059	$-81,318
2020	$179,929	$185,229	$3,692,819	$-5,300
2019	$215,936	$112,861	$3,657,615	$103,075
2018	$213,781	$290,279	$3,824,906	$-76,498

FRIENDS OF THE PREPARATORY CHARTER SCHOOL