VIRTUAL LEARNING ACADEMY CHARTER SCHOOL (EIN 562668724) - 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

2007

Legal Domicile

Principal Officer

DR KENT CHAMBERLIN

Phone

6037782500

Tax Period

2024-07-01 to 2025-06-30

VIRTUAL LEARNING ACADEMY CHARTER SCHOOL, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $14.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $14.2M left a modest 4% surplus.

Mission

TO OPERATE A NEW HAMPSHIRE PUBLIC CHARTER SCHOOL IN ACCORDANCE WITH CHAPTER 194B OF NH RSA AND TO PROVIDE OTHER EDUCATIONAL OPPORTUNITIES USING NEW AND DISTANCE LEARNING TECHNOLOGIES.

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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 $14,346,619

Program Service Revenue $397,094

Investment Income $89,135

Other Revenue $0

TOTAL REVENUE $14,832,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,622,799

Fundraising Expenses $0

Program Expenses $13,259,027

Other Expenses $2,551,001

TOTAL EXPENSES $14,173,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,832,848	$13,125,906	+0.1%
Expenses	$14,173,800	$13,859,941	+0.0%
Net Income	$659,048	$-734,035	-1.9%

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

281

Volunteers

349

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

$173,404

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KENT CHAMBERLIN	CHAIR	2.00	Officer Director	$0	$0	$0
KIMBERLEY CASEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DR MARK JOYCE	SECRETARY/CL	2.00	Officer Director	$0	$0	$0
MATTHEW TREAMER	TREASURER	2.00	Officer Director	$0	$0	$0
WILDOLFO ARVELO	TRUSTEE	2.00	Director	$0	$0	$0
NATHAN LUNNEY	TRUSTEE	2.00	Director	$0	$0	$0
KYLE COTE	TRUSTEE	2.00	Director	$0	$0	$0
STEVE KOSSAKOSKI	EXECUTIVE DI	40.00	Officer	$173,404	$0	$173,404
ANTHONY BALDASARO	CHIEF EXP. O	40.00	Highest	$105,051	$0	$105,051
NATALIE BERGER	CHIEF OPER.	40.00	Highest	$114,851	$0	$114,851
CAREY GLINES	DIRECTOR OF	40.00	Highest	$102,604	$0	$102,604
WILLIAM PRESCOTT	DIRECTOR OF	40.00	Highest	$105,347	$0	$105,347
JULIE REECE	DIR OF PTNRS	40.00	Highest	$112,748	$0	$112,748

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	$14,832,848	$14,173,800	$6,744,962	$659,048
2024	$13,125,906	$13,859,941	$6,013,953	$-734,035
2023	$12,484,597	$13,727,495	$7,084,622	$-1,242,898
2022	$12,032,123	$13,125,345	$4,364,365	$-1,093,222
2021	$15,254,520	$18,160,315	$5,140,860	$-2,905,795
2020	$10,345,878	$9,815,683	$3,604,420	$530,195

VIRTUAL LEARNING ACADEMY CHARTER SCHOOL