Provident Charter School (EIN 611617717) - 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

2008

Legal Domicile

Principal Officer

Maria Paluselli

Phone

4129216100

Tax Period

2024-07-01 to 2025-06-30

Provident Charter School, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $12.2M in total revenue in fiscal year 2024. Expenses of $10.8M left a modest 12% surplus.

Mission

a Pennsylvania Charter School that serves elementary (Grades 2-8) Level students with dyslexia, a learning disorder that can adversely impact a students ability to read, write, and learn

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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 $718,278

Program Service Revenue $11,037,636

Investment Income $431,468

Other Revenue $8,630

TOTAL REVENUE $12,196,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,600,103

Fundraising Expenses $0

Program Expenses $9,539,655

Other Expenses $2,159,934

TOTAL EXPENSES $10,760,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,196,012	$12,249,788	0.0%
Expenses	$10,760,037	$10,021,391	+0.1%
Net Income	$1,435,975	$2,228,397	-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

144

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

$157,318

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Curtis Kossman	President	5.00	Officer Director	$0	$0	$0
B Jean Ferketish PhD	Vice President	5.00	Officer Director	$0	$0	$0
Daniel J Sponseller Esq	Secretary	0.50	Officer Director	$0	$0	$0
David Baker	Board Member	0.50	Director	$0	$0	$0
Sheila Conway PhD	Board Member	0.50	Director	$0	$0	$0
Terry Smith	Board Member	0.50	Director	$0	$0	$0
Mike Brady	Treasurer	0.50	Officer Director	$0	$0	$0
Daniel P Lynch	Board Member	0.50	Director	$0	$0	$0
Julie Shepard	Board Member	0.50	Director	$0	$0	$0
Sallie Richards	Board Member	0.50	Director	$0	$0	$0
Maria Paluselli	CEO	45.00	Officer	$136,798	$20,520	$157,318

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	$12,196,012	$10,760,037	$13,789,471	$1,435,975
2024	No data	No data	No data	No data
2023	$12,383,325	$10,399,626	$10,651,585	$1,983,699
2022	$11,600,861	$9,572,946	$8,161,100	$2,027,915
2021	$10,611,560	$8,243,585	$5,986,455	$2,367,975
2020	$8,906,296	$7,295,123	$6,119,641	$1,611,173
2019	$6,216,090	$5,248,358	$4,157,997	$967,732
2018	$3,930,145	$3,680,292	$3,309,400	$249,853

Provident Charter School