VERTUS CHARTER SCHOOL

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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

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' MISSION IS TO PREPARE LEADERS OF CHARACTER FOR THE COMMUNITY AND THE WORKPLACE.

Program Service Accomplishments

Program 1

Expenses: $6,441,764 Revenue: $7,216,295

VERTUS PREPARES LEADERS OF CHARACTER FOR THE COMMUNITY AND THE WORKPLACE, THROUGH:-CAREER PREPARATION: EVERY STUDENT EARNS THE CREDENTIALS TO GET A GOOD JOB IN ADDITION TO A HIGH SCHOOL DIPLOMA...

VERTUS PREPARES LEADERS OF CHARACTER FOR THE COMMUNITY AND THE WORKPLACE, THROUGH:-CAREER PREPARATION: EVERY STUDENT EARNS THE CREDENTIALS TO GET A GOOD JOB IN ADDITION TO A HIGH SCHOOL DIPLOMA. AFTER GRADUATION, EACH STUDENT CHOOSES THE PATH THAT IS RIGHT FOR HIM: COLLEGE, TECHNICAL SCHOOL, OR STARTING A CAREER. VERTUS CONTINUES TO EXPAND IT'S COLLEGE AND CAREER READINESS PROGRAM EACH YEAR; INVESTING IN THREE COUNSELORS AND MULTIPLE PROGRAMS TO HELP ENSURE POST-SECONDARY SUCCESS.-PERSONALIZED CURRICULUM: EACH STUDENT HAS AN INDIVIDUAL LEARNING PLAN TAILORED TO HIS ABILITIES AND INTERESTS AND LEARNS AT THE PACE THAT IS RIGHT FOR HIM. SEMINAR ROOMS AND LEARNING LABS REPLACE TRADITIONAL CLASSROOMS. COMMUNITY SERVICE, ROBOTICS, RECORDING STUDIO, ENTREPRENEURS CLUB, PHOTOGRAPHY, STUDENT GOVERNMENT AND SPORTS KEEP ACTIVE BOYS ENGAGED AND BUILD REAL-WORLD SKILLS.-STRONG RELATIONSHIPS: EACH STUDENT BELONGS TO A SMALL LEARNING TEAM OF 12-18 STUDENTS, LED BY A FULL-TIME PRECEPTOR, WHO KEEPS EACH YOUNG MAN ON THE RIGHT PATH AND IS RESPONSIBLE FOR THE SUCCESS OF EVERY STUDENT ON THE TEAM. CONSISTENT CONTACT WITH STUDENT'S PARENTS/GUARDIANS INCLUDING THREE FAMILY CONFERENCE NIGHTS EACH YEAR HELP ENSURE PARENTS REMAIN ENGAGED IN THEIR SON'S EDUCATION.

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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 (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

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

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

$189,512

Total Directors

Key Employees

Highest Compensated

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