VERTUS CHARTER SCHOOL

EIN: 464366962 501(c)(3) Education

ROCHESTER, NY

Total Revenue
$8,531,151
Total Expenses
$7,747,957
Total Assets
$5,376,292
Net Assets
$4,453,142
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
JULIE A LOCEY
Phone
5857478911
Tax Period
2024-07-01 to 2025-06-30

VERTUS CHARTER SCHOOL, founded in 2013, is a community nonprofit in the Education sector that reported $8.5M in total revenue in fiscal year 2024. Expenses of $7.7M left a modest 9% surplus.

Mission

VERTUS CHARTER SCHOOL PREPARES LEADERS OF CHARACTER FOR THE COMMUNITY AND THE WORKPLACE. VERTUS IS A YEAR-ROUND PREPARATORY HIGH SCHOOL SERVING YOUNG MEN WHO ARE AT RISK OF NOT COMPLETING HIGH SCHOOL. EVERY STUDENT WILL EARN A REGENTS DIPLOMA AS WELL AS A TECHNICAL CERTIFICATE OR JOB CREDENTIAL THAT WILL ENABLE HIM TO SUPPORT HIMSELF. UPON GRADUATION, EACH STUDENT WILL CHOOSE THE POST-SECONDARY PATHWAY THAT IS RIGHT FOR HIM; UNIVERSITY, COMMUNITY COLLEGE, FURTHER TECHNICAL TRAINING, OR A GOOD JOB.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,074,028
Program Service Revenue $7,211,295
Investment Income $134,813
Other Revenue $111,015
TOTAL REVENUE $8,531,151

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,032,293
Fundraising Expenses $137,369
Program Expenses $6,441,764
Other Expenses $2,715,664
TOTAL EXPENSES $7,747,957

Year-over-Year Comparison

2024 2023 Change
Revenue $8,531,151 $8,039,734 +0.1%
Expenses $7,747,957 $7,249,265 +0.1%
Net Income $783,194 $790,469 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

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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
11
Independent Members
11
Employees
90
Volunteers
11

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
$189,512
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MANDINA TRUSTEE 1.00
Director
$0 $0 $0
EVAN GALLINA TRUSTEE 1.00
Director
$0 $0 $0
VICTORIA VAN VOOHIS CHAIR 1.00
Officer Director
$0 $0 $0
DR CALVIN GANTT SECRETARY 1.00
Officer Director
$0 $0 $0
DEKEDRIAN JOHNSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
SPENCER ASH TRUSTEE 1.00
Director
$0 $0 $0
JACK O'CONNELL VICE CHAIR 1.00
Officer Director
$0 $0 $0
SYLVIA DAVID-WEST TRUSTEE 1.00
Director
$0 $0 $0
DAVID A PAUL TRUSTEE - JOINED DURING YEAR 1.00
Director
$0 $0 $0
ALLISON BELL TREASURER - JOINED DURING YEAR 1.00
Officer Director
$0 $0 $0
JEFF WYNN TRUSTEE - JOINED DURING YEAR 1.00
Director
$0 $0 $0
JULIE LOCEY CHIEF EDUCATION OFFICER 40.00
Officer
$172,875 $16,637 $189,512
TIMOTHY HILL DIRECTOR OF OPERATIONS 40.00
Highest
$129,148 $17,409 $146,557
LEVI BENNETT PRINCIPAL 40.00
Highest
$101,260 $18,085 $119,345
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 $8,531,151 $7,747,957 $5,376,292 $783,194
2024 $8,039,734 $7,249,265 $5,016,141 $790,469
2023 $7,135,145 $5,945,266 $5,046,731 $1,189,879
2022 $6,584,591 $5,273,953 $2,168,943 $1,310,638
2021 $5,124,681 $4,969,475 $1,534,018 $155,206
2020 $5,437,243 $4,991,731 $1,499,612 $445,512
2019 $4,936,718 $5,414,444 $647,234 $-477,726
2018 $5,003,667 $5,398,890 $932,650 $-395,223
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