SOUTH CAROLINA VIRTUAL CHARTER SCHOOL

EIN: 261966189 501(c)(3) Education

WEST COLUMBIA, SC

Total Revenue
$30,772,423
Total Expenses
$23,072,350
Total Assets
$32,536,227
Net Assets
$-10,250,057
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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
2007
Legal Domicile
SC
Principal Officer
ANITA LATHAM
Phone
8032536222
Tax Period
2022-07-01 to 2023-06-30

SOUTH CAROLINA VIRTUAL CHARTER SCHOOL, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $30.8M in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $7.7M, a strong 25% operating margin.

Mission

SOUTH CAROLINA VIRTUAL CHARTER SCHOOL EXISTS TO OFFER SC STUDENTS IN GRADES K-12 AN EXCEPTIONAL LEARNING EXPERIENCE WITH INDIVIDUALIZED LEARNING PLANS TO PROVIDE STUDENTS THE TOOLS NEEDED TO SUCCEED IN SCHOOL AND BEYOND.

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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 (2022)

Revenue Breakdown

Contributions & Grants $30,141,347
Program Service Revenue $105,446
Investment Income $525,630
Other Revenue $0
TOTAL REVENUE $30,772,423

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,928,679
Fundraising Expenses $0
Program Expenses $19,613,134
Other Expenses $5,143,671
TOTAL EXPENSES $23,072,350

Year-over-Year Comparison

2022 2021 Change
Revenue $30,772,423 $37,235,602 -0.2%
Expenses $23,072,350 $33,948,361 -0.3%
Net Income $7,700,073 $3,287,241 +1.3%
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

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Governance

Voting Members
7
Independent Members
7
Employees
206
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
6
$377,890
Total Directors
7
$6,584
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR CHERRY DANIEL HEAD OF SCHO 37.50
Officer
$182,770 $47,714 $230,484
ANITA LATHAM DEP. HEAD OF 37.50
Highest
$147,073 $41,644 $188,717
TORI SMITH FINANCE DIRE 37.50
Officer
$113,102 $30,320 $143,422
COURTNEY SUBER CHAIR 0.50
Officer Director
$1,829 $0 $1,829
VICKIE WISEMAN VICE CHAIR 0.50
Officer Director
$350 $0 $350
TIL MORISEY TREASURER/SE 0.50
Officer Director
$955 $0 $955
SUSAN GASTON DIRECTOR 0.50
Director
$1,200 $0 $1,200
JACQUELINE KENNEDY DIRECTOR 0.50
Director
$800 $0 $800
DIANNE OLIVER DIRECTOR 0.50
Director
$600 $0 $600
JANET THOMPSON DIRECTOR 0.50
Officer Director
$850 $0 $850
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 $30,772,423 $23,072,350 $32,536,227 $7,700,073
2022 $37,235,602 $33,948,361 $26,912,937 $3,287,241
2021 $37,851,009 $33,647,486 $14,646,057 $4,203,523
2020 $25,262,136 $24,773,340 $8,924,453 $488,796
2019 $24,613,988 $30,074,920 $8,986,364 $-5,460,932
2018 $27,029,240 $27,252,648 $15,335,471 $-223,408
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