Vance Charter School Inc

EIN: 562099173 501(c)(3) Education

Henderson, NC

Total Revenue
$11,403,195
Total Expenses
$11,367,988
Total Assets
$20,960,974
Net Assets
$-3,141,928
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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
1998
Legal Domicile
NC
Principal Officer
Dr Brian Mathis
Phone
2524310440
Tax Period
2023-07-01 to 2024-06-30

Vance Charter School Inc, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $11.4M in total revenue in fiscal year 2023.

Mission

Operation of a public charter school.

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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 (2023)

Revenue Breakdown

Contributions & Grants $595,325
Program Service Revenue $10,703,407
Investment Income $0
Other Revenue $104,463
TOTAL REVENUE $11,403,195

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,372,871
Fundraising Expenses $0
Program Expenses $10,504,979
Other Expenses $2,995,117
TOTAL EXPENSES $11,367,988

Year-over-Year Comparison

2023 2022 Change
Revenue $11,403,195 $11,046,118 +0.0%
Expenses $11,367,988 $10,205,152 +0.1%
Net Income $35,207 $840,966 -1.0%
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

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Governance

Voting Members
14
Independent Members
14
Employees
152
Volunteers
15

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
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Trey Brown Board Member 000.80
Director
$0 $0 $0
Nicole Huber Cheatham Board Member 001.25
Director
$0 $0 $0
Allison Capps Vice Chair 000.57
Officer Director
$0 $0 $0
Clayton Gill Frazier II Secretary 000.50
Director
$0 $0 $0
John Caldwell Daniel Board Member 000.50
Director
$0 $0 $0
Travis Thompson Chairperson 000.80
Officer Director
$0 $0 $0
John F Sossaman II Board Member 001.75
Director
$0 $0 $0
Chris Munn Treasurer 000.80
Officer Director
$0 $0 $0
Anna Seaman Board Member 000.80
Director
$0 $0 $0
Martha Wrenn Board Member 001.00
Director
$0 $0 $0
Jennifer Honeycutt Board Member 000.50
Director
$0 $0 $0
Morgan Leigh Stall Board Member 000.50
Director
$0 $0 $0
Megan Currin Wilkins Board Member 000.50
Director
$0 $0 $0
Jill Perkinson Board Member 000.50
Director
$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 No data No data No data No data
2024 $11,403,195 $11,367,988 $20,960,974 $35,207
2023 $11,046,118 $10,205,152 $10,705,027 $840,966
2022 $10,441,368 $9,540,644 $7,623,358 $900,724
2021 $8,937,845 $8,709,005 $6,861,102 $228,840
2020 $8,750,460 $8,848,497 $5,973,008 $-98,037
2019 $7,563,568 $7,529,738 $4,810,047 $33,830
2018 $6,415,043 $6,826,580 $3,244,522 $-411,537
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