PENNSYLVANIA STEAM ACADEMY CHARTER SCHOOL (EIN 830523863) - 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

2018

Legal Domicile

Principal Officer

JENNIFER MORRISON

Phone

7178840950

Tax Period

2023-07-01 to 2024-06-30

PENNSYLVANIA STEAM ACADEMY CHARTER SCHOOL, founded in 2018, is a community nonprofit in the Education sector that reported $5.2M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $6.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

STEM PLUS ARTS CHARTER SCHOOL PROVIDING TUITION-FREE EDUCATION TO STUDENTS IN HARRISBURG

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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 (2023)

Revenue Breakdown

Contributions & Grants $554,918

Program Service Revenue $4,474,261

Investment Income $55,884

Other Revenue $67,018

TOTAL REVENUE $5,152,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,642,436

Fundraising Expenses $0

Program Expenses $5,412,794

Other Expenses $3,313,420

TOTAL EXPENSES $5,955,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,152,081	$3,853,301	+0.3%
Expenses	$5,955,856	$4,570,606	+0.3%
Net Income	$-803,775	$-717,305	+0.1%

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

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

$171,100

Total Directors

$171,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN DUMARESQ	PRESIDENT	5.00	Officer Director	$0	$0	$0
RON TOMALIS	TREASURER	10.00	Officer Director	$0	$0	$0
JENNY GALLAGHER BLOM	MEMBER	5.00	Director	$0	$0	$0
ROCCO PUGLIESE	MEMBER	5.00	Director	$0	$0	$0
WILLIAM SAYRE	MEMBER	5.00	Director	$0	$0	$0
STACY PAGAN	MEMBER	5.00	Director	$0	$0	$0
DAN EICHELBERGER	MEMBER	5.00	Director	$0	$0	$0
SCOTT BISHOP	MEMBER	5.00	Director	$0	$0	$0
ORLANDO CLEAVES	MEMBER	5.00	Director	$0	$0	$0
JUNE POPOV	MEMBER	5.00	Director	$0	$0	$0
JENNIFER MORRISON	PRINCIPAL & CEO (NON-VOTING)	40.00	Officer Director	$108,590	$62,510	$171,100

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	No data	No data	No data	No data
2024	$5,152,081	$5,955,856	$13,756,498	$-803,775
2023	$3,853,301	$4,570,606	$12,381,587	$-717,305
2022	$1,736,512	$1,981,536	$761,878	$-245,024

PENNSYLVANIA STEAM ACADEMY CHARTER SCHOOL