Chicago Virtual Charter School

EIN: 010863627 501(c)(3)

Chicago, IL

Total Revenue
$7,688,889
Total Expenses
$6,572,703
Total Assets
$3,313,930
Net Assets
$2,250,235
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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
2006
Legal Domicile
IL
Tax Period
2019-07-01 to 2020-06-30

Chicago Virtual Charter School, founded in 2006, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2019. Expenses of $6.6M left a modest 15% surplus.

Mission

The Chicago Virtual Charter School was formed in 2006 as a tuition-free, public charter school that provides an individualized, high-quality education where parents parter with certified teacher.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $7,601,636
Program Service Revenue $0
Investment Income $495
Other Revenue $86,758
TOTAL REVENUE $7,688,889

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,471,905
Fundraising Expenses $0
Program Expenses $5,978,918
Other Expenses $2,100,798
TOTAL EXPENSES $6,572,703

Year-over-Year Comparison

2019 2018 Change
Revenue $7,688,889 $7,893,666 0.0%
Expenses $6,572,703 $6,756,202 0.0%
Net Income $1,116,186 $1,137,464 0.0%
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

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Governance

Voting Members
7
Independent Members
7
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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lori Lypson Treasurer 0.00
Officer Director
$0 $0 $0
Carolyn Levystein Academic Chair 0.00
Director
$0 $0 $0
Roy Hamilton President 0.00
Officer
$0 $0 $0
Brent Hablieb Secretary 0.00
Officer
$0 $0 $0
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
2020 $7,688,889 $6,572,703 $3,313,930 $1,116,186
2019 $7,893,666 $6,756,202 $1,978,402 $1,137,464
2018 $8,083,769 $8,367,622 $1,774,789 $-283,853
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