Reply to Eagle Academy Board votes to close school

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[quote=Anonymous][quote=Anonymous]What other charters have serious financial issues?  Is it all a black box?[/quote]

You can look at the FAR reports. https://dcpcsb.org/financial-analysis-reports You can skim through for debt ratio and days of cash on hand, which are good, easy to read metrics. And sometimes the board meeting minutes of the schools. It's really appalling how some schools just ignore the requirement to post minutes, or whose minutes reveal basically nothing, though.

But there's always the question of whether the information is being truthfully reported to the board of each school and to the PCSB, which seems to have been an issue with Eagle.

It seems like a lot of charters fail in their first few years or at their 5-year renewal. But there was also the Amos scandal in 2015, and the failure of Washington Mathematics Science and Technology, which was the sad fall of a 20-year school due to getting upside down on a mortgage. I wonder if the PCSB tends to give schools with a long track record the benefit of the doubt, which is a mistake in the case of Eagle and WMS&T.
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