Reply to Harmony school of excellence pcs scrutiny

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I read the article twice, and I just don't get it.  But I am appalled by the scores.  Why aren't they shut down?  I thought that successful charter schools need space.[/quote]

They only had 66 students last year. I assume that if nothing changes after this year's PARCC they will get Tier 3 and the DCPCSB will begin to move toward closure. [/quote]

If you look at their financials they are in very bad shape.  Only had $75,000 in the bank at the end of last school year.  Current assets minus current liabilities of -$250,000.  Total assets minus total liabilities of -$30,000. Drop in enrollment by 69% from 2014 to 2015.  They even owe $32,000 to the parent company in "licensing fees" that had to be forgiven.  Doubtful that this school can survive unless they got a major cash influx from the parent company.

http://www.livebinders.com/play/play?id=2001256#anchor

On the left side click "Financial Performance by School" and then "Financial Report Cards".[/quote]

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