VIRGINIA CHANCE SCHOOL INC

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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

1953

Legal Domicile

Principal Officer

BETSY FITCH

Phone

5024256904

Tax Period

2024-06-01 to 2025-05-31

VIRGINIA CHANCE SCHOOL INC, founded in 1953, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $4.7M left a modest 9% surplus.

Mission

VIRGINIA CHANCE SCHOOL IS AN INDEPENDENT SCHOOL THAT SERVES CHILDREN AGES 2 THROUGH 5TH GRADE. AS A DIVERSE COMMUNITY OF LEARNERS, WE COMMIT TO EXCELLENCE AND RESPECT THROUGH A JOYFUL, CHALLENGING AND PROGRESSIVE PROGRAM. WITH AN INTENTIONAL WHOLE-CHILD APPROACH TO EDUCATION, EACH INDIVIDUAL REACHES HIS/HER COGNITIVE, SOCIAL, EMOTIONAL, MORAL AND PHYSICAL POTENTIAL. VIRGINIA CHANCE SCHOOL STUDENTS GRADUATE AS CONFIDENT, INQUISITIVE LEARNERS PREPARED TO ENGAGE PRODUCTIVELY WITH THEIR WORLD.

Program Service Accomplishments

Program 1

Expenses: $3,314,967 Revenue: $4,630,883

EARLY CHILDHOOD EDUCATION, AGES 2 THROUGH 5TH GRADE

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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 $392,623

Program Service Revenue $4,630,883

Investment Income $197,131

Other Revenue $3,137

TOTAL REVENUE $5,223,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,483,390

Fundraising Expenses $60,386

Program Expenses $3,314,967

Other Expenses $1,246,176

TOTAL EXPENSES $4,729,566

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,223,774	$5,931,389	-0.1%
Expenses	$4,729,566	$4,361,582	+0.1%
Net Income	$494,208	$1,569,807	-0.7%

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

101

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

$161,612

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOMINIC ZANGARI	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC MCKENDRICK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CARSON STEWART	SECRETARY	1.00	Officer Director	$0	$0	$0
MITSUKO MARTINEZ	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
LAYLA GEORGE	TRUSTEE	1.00	Director	$0	$0	$0
ANKUR GOPAL	TRUSTEE	1.00	Director	$0	$0	$0
LINDSAY ATTKISSON	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW CHAUDOIN	TRUSTEE	1.00	Director	$0	$0	$0
TODD GOLDBERG	TRUSTEE	1.00	Director	$0	$0	$0
CLINT KELLY	TRUSTEE	1.00	Director	$0	$0	$0
ED JAMES	TRUSTEE	1.00	Director	$0	$0	$0
SARAH FARMER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID SON	TRUSTEE	1.00	Director	$0	$0	$0
BROOKES POPE	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN BAILEY	TRUSTEE	1.00	Director	$0	$0	$0
ALEJANDRO RODAS	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE FRENCH	TRUSTEE	1.00	Director	$0	$0	$0
BENTON KEITH	TRUSTEE	1.00	Director	$0	$0	$0
RYAN SELLS	TRUSTEE	1.00	Director	$0	$0	$0
ANSHU SHUKLA	TRUSTEE	1.00	Director	$0	$0	$0
LORI FREY WELLS	TRUSTEE	1.00	Director	$0	$0	$0
BETSY FITCH	HEAD OF SCHOOL	40.00	Officer	$136,899	$24,713	$161,612

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	$5,223,774	$4,729,566	$8,716,962	$494,208
2024	$5,931,389	$4,361,582	$7,928,226	$1,569,807
2023	$4,792,751	$4,106,482	$7,079,431	$686,269
2022	$3,905,171	$3,774,782	$7,401,830	$130,389
2021	$3,752,253	$3,797,192	$7,059,112	$-44,939
2020	$3,626,028	$3,670,960	$6,811,494	$-44,932