MIDLAND, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MIDLAND INNOVATION AND TECHNOLOGY CHARTER SCHOOL INC, founded in 2020, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2022. Revenue surged 159% from the prior year, signaling strong growth momentum. Expenses of $3.8M exceeded revenue, resulting in a 54% operating deficit.
BY OFFERING AUTHENTIC HANDS-ON LEARNING OPPORTUNITIES TO A DIVERSE POPULATION OF STUDENTS WE SERVE AS A GENERATOR OF INNOVATIVE THINKING, DEEP LEARNING & COLLABORATIVE ENGAGEMENT TO BUILD BETTER FUTURES.
MITCS OFFERS STUDENTS IN GRADES 9 THROUGH 12 THE CHANCE TO PURSUE AREAS OF PERSONAL INTEREST AND TACKLE REAL-LIFE PROJECTS TO PREPARE THEM FOR A WORLD OF OPPORTUNITY. THE SCHOOL ALLOWS STUDENTS TO...
MITCS OFFERS STUDENTS IN GRADES 9 THROUGH 12 THE CHANCE TO PURSUE AREAS OF PERSONAL INTEREST AND TACKLE REAL-LIFE PROJECTS TO PREPARE THEM FOR A WORLD OF OPPORTUNITY. THE SCHOOL ALLOWS STUDENTS TO FULFILL STATE REQUIREMENTS FOR A HIGH SCHOOL DIPLOMA WHILE ALSO EARNING CERTIFICATIONS, CREDENTIALS, APPRENTICESHIPS, COLLEGE CREDITS, AND EVEN ASSOCIATES DEGREES IN SKILLED TRADES, HIGH TECHNOLOGY, AND OTHER FIELDS OF ENDEAVOR. MITCS STUDENTS GRADUATE PREPARED TO ENTER THE WORKFORCE AND/OR CONTINUE ON THROUGH POST-SECONDARY EDUCATION AND TRAINING. THIS IS THE FIRST FISCAL YEAR THE SCHOOL WAS OPEN FOR INSTRUCTION TO STUDENTS WITH ENROLLMENT OF 132 STUDENTS THROUGHOUT THE SCHOOL YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $2,486,322 | $960,700 | +1.6% |
| Expenses | $3,828,015 | $970,496 | +2.9% |
| Net Income | $-1,341,693 | $-9,796 | +136.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHESTER THOMPSON END 102022 | CEO | 40.00 |
Officer
|
$60,181 | $10,717 | $70,898 |
| TERRENCE SMITH EFF 102022 | CEO | 40.00 |
Officer
|
$49,808 | $2,916 | $52,724 |
| JERRY HODGE | PRESIDENT | 1.000 |
Officer
Director
|
$0 | $0 | $0 |
| MARIA CORRADI | VICE PRESIDENT | 2.500 |
Officer
Director
|
$0 | $0 | $0 |
| BRITTNEY GOLDEN | SECRETARY | 2.500 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL PENNINGTON | TREASURER | 1.000 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL CROUD | TRUSTEE | 1.000 |
Director
|
$0 | $0 | $0 |
| BRENDA MILITELLO END 092022 | TRUSTEE | 1.000 |
Director
|
$0 | $0 | $0 |
| LOU NACCARATO | TRUSTEE | 1.000 |
Director
|
$0 | $0 | $0 |
| WILL LEAVELL EFF 122022 | TRUSTEE | 1.000 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $2,486,322 | $3,828,015 | $3,128,975 | $-1,341,693 |
| 2022 | $960,700 | $970,496 | $936,220 | $-9,796 |
Compare MIDLAND INNOVATION AND TECHNOLOGY CHARTER SCHOOL INC with other nonprofits in Pennsylvania and across the country.