VIRGINIA CHANCE SCHOOL INC

EIN: 610549871 501(c)(3)

LOUISVILLE, KY

Total Revenue
$5,223,774
Total Expenses
$4,729,566
Total Assets
$8,716,962
Net Assets
$5,862,825
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
KY
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

THE VIRGINIA CHANCE SCHOOL IS AN INDEPENDENT SCHOOL IN WHICH A DIVERSE COMMUNITY OF CHILDREN, AGES 2 THROUGH 5TH GRADE, ACTIVELY PARTICIPATE IN A CHALLENGING AND JOYFUL EDUCATION. ENRICHING ACTIVITIES AND EXPERIENCES ARE DESIGNED TO STRENGTHEN AND INTEGRATE THE COGNITIVE, SOCIAL, EMOTIONAL, MORAL AND PHYSICAL ABILITIES OF EACH CHILD. IN THE VIRGINIA CHANCE COMMUNITY, CHILDREN ACQUIRE KNOWLEDGE THROUGH DISCOVERY AND EXPLORATION, ENCHANCE THEIR SELF-ESTEEM, AND DEVELOP INTO CREATIVE, LIFELONG LEARNERS.

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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 (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

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Governance

Voting Members
22
Independent Members
22
Employees
101
Volunteers
57

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
5
$161,612
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
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
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