PENNSYLVANIA VIRTUAL CHARTER SCHOOL (EIN 233075231) - 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

2001

Legal Domicile

Principal Officer

DR DEBRA HEATH-THORNTON

Phone

6102758500

Tax Period

2023-07-01 to 2024-06-30

PENNSYLVANIA VIRTUAL CHARTER SCHOOL, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $63.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $12.3M, a strong 19% operating margin.

Mission

TO PROVIDE PENNSYLVANIA PUBLIC K-12 STUDENTS ASUPERIOR CYBER CHARTER OPTION, CONTINUOUSLYIMPROVING BY USING INNOVATIVE TECHNOLOGIES,WELL-ROUNDED CURRICULA, AND INDIVIDUALIZEDEDUCATIONAL DELIVERY IN SAFE LEARNINGENVIRONMENTS. PA VIRTUAL SEEKS TO EQUIP OURSTUDENTS WITH EXCELLENT ACADEMIC EDUCATION,SOCIAL SKILLS, AND CHARACTER DEVELOPMENT FORTHEIR LIVES AS PRODUCTIVE 21ST-CENTURY CITIZENS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $62,215,181

Program Service Revenue $0

Investment Income $699,768

Other Revenue $507,891

TOTAL REVENUE $63,422,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,801,051

Fundraising Expenses $0

Program Expenses $31,589,619

Other Expenses $16,301,432

TOTAL EXPENSES $51,102,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,422,840	$56,437,458	+0.1%
Expenses	$51,102,483	$52,758,439	0.0%
Net Income	$12,320,357	$3,679,019	+2.3%

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

334

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

Total Directors

Key Employees

$196,900

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE M SCHAEFER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRENDA SACHLEBEN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
SOPHIA LEWIS	SECRETARY	0.50	Officer Director	$0	$0	$0
VICTOR VALENTINE	TREASURER	0.50	Officer Director	$0	$0	$0
CARL SCHWARTZ	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHANIE HAMEL	BOARD MEMBER	0.50	Director	$0	$0	$0
DR DEBRA HEATH-THORNTON	CHIEF EXECUTIVE OFFICER	40.00	Key Emp	$190,723	$6,177	$196,900
MELISSA PARIS	CHIEF FINANCIAL OFFICER	40.00	Highest	$105,000	$2,500	$107,500
SHERRI TATE	CHIEF HR & MARKETING OFFIC	40.00	Highest	$189,944	$6,364	$196,308
STEVEN SCHUTT	PRINCIPAL, ELEMENTARY	40.00	Highest	$132,008	$4,991	$136,999
SHAIKHA BUALI	CHIEF ACADEMIC OFFICER	40.00	Highest	$141,087	$5,310	$146,397

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	$63,422,840	$51,102,483	$50,733,158	$12,320,357
2023	$56,437,458	$52,758,439	$39,631,620	$3,679,019
2022	$56,299,619	$49,814,584	$30,548,587	$6,485,035
2021	$49,068,085	$41,080,451	$24,898,829	$7,987,634
2020	$33,358,734	$34,260,343	$20,663,827	$-901,609
2019	$31,706,702	$32,772,684	$17,193,971	$-1,065,982
2018	$31,080,925	$31,868,911	$18,165,889	$-787,986

PENNSYLVANIA VIRTUAL CHARTER SCHOOL