STRING THEORY CORPORATION (EIN 871893842) - 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

2021

Legal Domicile

Principal Officer

JASON COROSANITE

Phone

8565051300

Tax Period

2022-07-01 to 2023-06-30

STRING THEORY CORPORATION, founded in 2021, is a micro nonprofit in the Education sector that reported $6K in total revenue in fiscal year 2022. Revenue fell 99% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4K, a strong 58% operating margin.

Mission

TO OPERATE A SCHOOL OF HIGHER LEARNING FOR THE SOLE BENEFIT OF STUDENTS ATTENDING PHILADELPHIA PERFORMING ARTS CHARTER SCHOOL WHOSE DUAL ENROLLMENT IN COLLEGE IS INCORPORATED INTO THE CURRICULUM OF THE CHARTER SCHOOL

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $6,220

Other Revenue $0

TOTAL REVENUE $6,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,624

TOTAL EXPENSES $2,624

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,220	$700,000	-1.0%
Expenses	$2,624	$5,169	-0.5%
Net Income	$3,596	$694,831	-1.0%

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

$713,683

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY RITA D'ALESSANDRO	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
DEVIDA JENKINS	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
JOANN STIO	TREASURER	2.00	Officer Director	$0	$0	$0
SANDRA MILLER	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID REAZER	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANK GENTHER	BOARD MEMBER	2.00	Director	$0	$0	$0
NORMAN BALCHUNAS	BOARD MEMBER	2.00	Director	$0	$0	$0
J JASON COROSANITE	PRESIDENT	2.00	Officer	$0	$41,545	$284,140
ANGELA COROSANITE	CEO	2.00	Officer	$0	$44,482	$429,543

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	No data	No data	No data	No data
2023	$6,220	$2,624	$699,677	$3,596
2022	$700,000	$5,169	$694,831	$694,831

STRING THEORY CORPORATION