COMMONWEALTH CHARTER ACADEMY CHARTER SCHOOL (EIN 743068519) - 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

THOMAS LONGENECKER

Phone

7177103300

Tax Period

2024-07-01 to 2025-06-30

COMMONWEALTH CHARTER ACADEMY CHARTER SCHOOL, founded in 2003, is a major nonprofit in the Education sector that reported $664.8M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $598.0M left a modest 10% surplus.

Mission

K-12 PUBLIC CYBER CHARTER SCHOOL THAT PROVIDES PERSONALIZED, TUITION-FREE EDUCATION TO PA STUDENTS

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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 $22,288,113

Program Service Revenue $632,810,417

Investment Income $9,585,606

Other Revenue $114,476

TOTAL REVENUE $664,798,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,821,055

Fundraising Expenses $0

Program Expenses $570,478,165

Other Expenses $286,162,791

TOTAL EXPENSES $597,983,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$664,798,612	$531,794,016	+0.3%
Expenses	$597,983,846	$447,265,344	+0.3%
Net Income	$66,814,766	$84,528,672	-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

Governance

Voting Members

Independent Members

Employees

2481

Volunteers

189

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

$442,965

Total Directors

Key Employees

$361,867

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF PICCOLA	CHAIR	5.00	Officer Director	$0	$0	$0
JEFF HASTE	VICE CHAIR THRU NOVEMBER 2024	5.00	Officer Director	$0	$0	$0
JOSEPH CURCILLO III	VICE CHAIR AS OF JANUARY 2025	5.00	Officer Director	$0	$0	$0
ROB BARR	TREASURER	5.00	Officer Director	$0	$0	$0
LIL JACKSON	SECRETARY	5.00	Officer Director	$0	$0	$0
MARCUS HITE	BOARD MEMBER THRU FEBRUARY 2025	5.00	Director	$0	$0	$0
DONALD YODER JR	BOARD MEMBER AS OF AUGUST 2024	5.00	Director	$0	$0	$0
PAULA AGUILAR	BOARD MEMBER AS OF APRIL 2025	5.00	Director	$0	$0	$0
THOMAS LONGENECKER	PRESIDENT/CEO	40.00	Officer	$319,599	$123,366	$442,965
ROBERTO DATORRE	EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$259,893	$101,974	$361,867
ROBERT SCHULTZ	CHIEF OFFICER	40.00	Highest	$220,167	$96,315	$316,482
BRYON KLINGEL	CHIEF OFFICER	40.00	Highest	$206,830	$92,066	$298,896
NORMAN JACOB MILLER	PROVOST	40.00	Highest	$201,310	$81,444	$282,754
TIMOTHY ELLER	CHIEF OFFICER	40.00	Highest	$193,960	$85,955	$279,915
DANIELLE MARIANO	CHIEF OFFICER	40.00	Highest	$187,955	$85,955	$273,910

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	$664,798,612	$597,983,846	$982,524,062	$66,814,766
2024	$531,794,016	$447,265,344	$856,420,361	$84,528,672
2023	$420,814,404	$364,499,388	$675,552,954	$56,315,016
2022	$397,188,393	$274,675,729	$559,500,941	$122,512,664
2021	$315,461,489	$203,839,015	$339,017,840	$111,622,474
2020	$164,476,445	$125,608,325	$203,829,605	$38,868,120
2019	$142,748,549	$113,713,249	$152,302,415	$29,035,300
2018	$130,128,362	$111,394,781	$115,157,259	$18,733,581

COMMONWEALTH CHARTER ACADEMY CHARTER SCHOOL