VIRTUS ACADEMY OF SOUTH CAROLINA (EIN 465411636) - Form 990 Financial Analysis & Trantor Score

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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

LINDSAY PRIVETTE

Phone

8437994032

Tax Period

2024-07-01 to 2025-06-30

VIRTUS ACADEMY OF SOUTH CAROLINA, founded in 2013, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $10.5M in total revenue in fiscal year 2024.

Mission

VIRTUS ACADEMY OF SOUTH CAROLINA IS A FREE, PUBLIC CHARTER SCHOOL THAT OPENED IN 2018. WITH A FOCUS ON PBL INTEGRATION IN SCIENCE AND SOCIAL STUDIES, VIRTUS SUPPORTS PARENT-CHOICE FOR MORE PERSONALIZED EDUCATION FOR THEIR CHILDREN.

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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 $10,058,780

Program Service Revenue $190,703

Investment Income $228,218

Other Revenue $0

TOTAL REVENUE $10,477,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,030,027

Fundraising Expenses $0

Program Expenses $6,999,967

Other Expenses $4,579,700

TOTAL EXPENSES $10,609,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,477,701	$10,161,947	+0.0%
Expenses	$10,609,727	$10,061,945	+0.1%
Net Income	$-132,026	$100,002	-2.3%

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

Governance

Voting Members

Independent Members

Employees

154

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

$85,715

Total Directors

$85,715

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICAHEL COOK	MEMBER AT LARGE	2.00	Director	$0	$0	$0
MEREDITH COTTON	MEMBER AT LARGE	2.00	Director	$0	$0	$0
SCOTT KOZACKI	MEMBER AT LARGE	2.00	Director	$0	$0	$0
RON ROBERTS	MEMBER AT LARGE	2.00	Director	$0	$0	$0
DR THOMAS DUCEY	BOARD CHAIRMAN	2.00	Officer Director	$0	$0	$0
CARLOS WASHINGTON	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
MACHELL SPRAUVE	SECRETARY	2.00	Officer Director	$0	$0	$0
LINDEY PRIVETTE	TREASURER	2.00	Officer Director	$0	$0	$0
BRIAN CARPENTER	EXECUTIVE DIRECTOR	40.00	Officer Director	$85,715	$0	$85,715

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	$10,477,701	$10,609,727	$29,714,783	$-132,026
2024	No data	No data	No data	No data
2023	$8,045,087	$6,658,377	$16,728,153	$1,386,710
2022	$7,187,455	$6,524,919	$15,699,579	$662,536
2021	$5,956,969	$4,748,017	$1,953,186	$1,208,952
2020	$3,212,329	$3,246,316	$1,113,969	$-33,987
2019	$2,031,047	$1,921,374	$559,139	$109,673

VIRTUS ACADEMY OF SOUTH CAROLINA