VIRTUAL SCHOOL OF EXCELLENCE INC

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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

2013

Legal Domicile

Principal Officer

CATERINA ANGELONE

Phone

7722939805

Tax Period

2017-07-01 to 2018-06-30

VIRTUAL SCHOOL OF EXCELLENCE INC, founded in 2013, is a small nonprofit that reported $301K in total revenue in fiscal year 2017. Revenue decreased 5% compared to the prior year. Expenses of $352K exceeded revenue, resulting in a 17% operating deficit.

Mission

VIRTUAL SCHOOL OF EXCELLENCE IS AN ACCREDITED ONLINE SCHOOL PROVIDING

Program Service Accomplishments

Program 1

Expenses: $352,010

THE MISSION IS TO ESTABLISH, CONDUCT, MANTAIN, OPERATE AND PERPETUATE VIRTUAL EDUCATIONAL PROGRAM WHERE STUDENTS MAY OBTAIN, UPON SUCH TERM AS MAY BE DETERMINED, A QUALITY K-12TH GRADE ONLINE...

THE MISSION IS TO ESTABLISH, CONDUCT, MANTAIN, OPERATE AND PERPETUATE VIRTUAL EDUCATIONAL PROGRAM WHERE STUDENTS MAY OBTAIN, UPON SUCH TERM AS MAY BE DETERMINED, A QUALITY K-12TH GRADE ONLINE EDUCATION WITH PARTICULAR REFERENCE STUDENTS FOR HIGHER EDUCATION CAREERS

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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 (2017)

Revenue Breakdown

Contributions & Grants $12,500

Program Service Revenue $287,761

Investment Income $755

Other Revenue $0

TOTAL REVENUE $301,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,203

Fundraising Expenses $0

Program Expenses $352,010

Other Expenses $174,807

TOTAL EXPENSES $352,010

Year-over-Year Comparison

	2017	2016	Change
Revenue	$301,016	$318,136	-0.1%
Expenses	$352,010	$382,727	-0.1%
Net Income	$-50,994	$-64,591	-0.2%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE FRIEND	INDIVIDUAL	5.00	Director	$0	$0	$0
MICHAEL BEG	INDIVIDUAL	5.00	Director	$0	$0	$0
BLOSSOM O'MEALLY-NELSON	INDIVIDUAL	5.00	Director	$0	$0	$0
ROBERT BEFORD	INDIVIDUAL	5.00	Director	$0	$0	$0
JOHN BRAINARD	INDIVIDUAL	5.00	Director	$0	$0	$0
CATERINE ANGELONE	INDIVIDUAL	30.00	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
2018	$301,016	$352,010	$44,429	$-50,994