VIRTUAL SCHOOL OF EXCELLENCE INC

EIN: 463639092 501(c)(3)

FORT PIERCE, FL

Total Revenue
$301,016
Total Expenses
$352,010
Total Assets
$44,429
Net Assets
$-209,446
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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
FL
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 A COMPREHENSIVE APPROACH TO E-LEARNING IN AN ONLINE INVIROMENT.

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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 (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

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Governance

Voting Members
4
Independent Members
5
Employees
40
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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