Hillsboro Charter Academy

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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

Eric Egger

Phone

5407512560

Tax Period

2024-07-01 to 2025-06-30

Hillsboro Charter Academy, founded in 2013, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024. Expenses of $3.6M left a modest 3% surplus.

Mission

Public charter school, grades kindergarten through fifth.

Program Service Accomplishments

Program 1

Expenses: $2,664,739

Primary program is the full operation of a public charter school. Revenue represents the per pupil allocation from Loudoun County Public School District, Miscellaneous Revenue, and Lunch Revenues...

Primary program is the full operation of a public charter school. Revenue represents the per pupil allocation from Loudoun County Public School District, Miscellaneous Revenue, and Lunch Revenues. Expenses include all of the program expenses related to school operations Primary payroll, buses, special education, and general education operations. The deficit is met through fundraising.

Program 2

Expenses: $1,873

The school operates a lunch program, including free and reduced lunches to disadvantaged students. This program is included in the annual budget prepared by the board of directors.

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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 $9,250

Program Service Revenue $3,600,117

Investment Income $66,131

Other Revenue $42,576

TOTAL REVENUE $3,718,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,919,234

Fundraising Expenses $5,314

Program Expenses $2,666,612

Other Expenses $1,677,866

TOTAL EXPENSES $3,597,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,718,074	$3,456,437	+0.1%
Expenses	$3,597,100	$3,359,943	+0.1%
Net Income	$120,974	$96,494	+0.3%

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

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
Megan Tucker	Dean of Curriculum	40.00		$142,442	$0	$142,442
Paul Vickers	Principal	40.00		$129,743	$0	$129,743
Eric Egger	President	6.00	Officer Director	$0	$0	$0
Joe Luppino-Esposito	Vice President	6.00	Officer Director	$0	$0	$0
Will Coggin	Treasurer	3.00	Officer Director	$0	$0	$0
Ronda Powell	Director	3.00	Director	$0	$0	$0
Roger Vance	Foundation Mgr.	3.00	Director	$0	$0	$0
Wendy McKenna	Foundation Mgr.	3.00	Director	$0	$0	$0
Brian King	Foundation Mgr.	3.00	Director	$0	$0	$0
Doug Mesecar	Foundation Mgr.	3.00	Director	$0	$0	$0
Paul Hrebenak	Secretary	3.00	Officer Director	$0	$0	$0
Tiffany Miller	Dean of Instruction	40.00		$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
2025	$3,718,074	$3,597,100	$1,709,616	$120,974
2024	$3,456,437	$3,359,943	$1,731,800	$96,494
2023	$3,417,584	$3,093,488	$1,533,389	$324,096
2022	$2,861,340	$2,642,231	$1,282,873	$219,109
2021	$2,302,015	$2,010,853	$859,503	$291,162
2020	$2,262,617	$2,170,904	$567,057	$91,713
2019	$2,164,369	$1,995,949	$386,597	$168,420