MOUNTAIN ISLAND CHARTER SCHOOL

EIN: 800467949 501(c)(3) Education

MOUNT HOLLY, NC

Total Revenue
$21,059,249
Total Expenses
$19,920,309
Total Assets
$13,687,468
Net Assets
$11,857,485
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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
2009
Legal Domicile
NC
Principal Officer
GLENN BYRUM
Phone
7048278840
Tax Period
2024-07-01 to 2025-06-30

MOUNTAIN ISLAND CHARTER SCHOOL, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $21.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $19.9M left a modest 5% surplus.

Mission

TO OPERATE A CHARTER SCHOOL IN NORTH CAROLINA

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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 $19,403,405
Program Service Revenue $1,073,280
Investment Income $273,079
Other Revenue $309,485
TOTAL REVENUE $21,059,249

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $15,348,457
Other Expenses $19,920,309
TOTAL EXPENSES $19,920,309

Year-over-Year Comparison

2024 2023 Change
Revenue $21,059,249 $19,264,552 +0.1%
Expenses $19,920,309 $18,953,635 +0.1%
Net Income $1,138,940 $310,917 +2.7%
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
11
Independent Members
11
Employees
293
Volunteers
255

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
4
$168,340
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY DEMPSEY SECRETARY 5.00
Officer Director
$0 $0 $0
ERIC LAFORCE TREASURER 5.00
Officer Director
$0 $0 $0
ALAN VANEVENHOVEN BOARD MEMBER 5.00
Director
$0 $0 $0
KEVIN WILEY BOARD CHAIR 5.00
Officer Director
$0 $0 $0
KIM LEPPERT BOARD MEMBER 5.00
Director
$0 $0 $0
STEPHANIE SHERER BOARD MEMBER 5.00
Director
$0 $0 $0
RODWARD HEWLIN BOARD MEMBER 5.00
Director
$0 $0 $0
DAWANE DOWDY BOARD MEMBER 5.00
Director
$0 $0 $0
MIKE LADD BOARD MEMBER 5.00
Director
$0 $0 $0
ERICA BLACKSON BOARD MEMBER 5.00
Director
$0 $0 $0
GARRETT TRYON BOARD MEMBER 5.00
Director
$0 $0 $0
GLENN BYRUM EXECUTIVE DIRECTOR 55.00
Officer
$168,340 $0 $168,340
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 $21,059,249 $19,920,309 $13,687,468 $1,138,940
2024 $19,264,552 $18,953,635 $11,704,827 $310,917
2023 $17,955,804 $17,867,401 $11,540,446 $88,403
2022 $17,724,711 $16,598,296 $11,409,823 $1,126,415
2021 $15,645,892 $14,736,601 $10,307,817 $909,291
2020 $14,206,695 $13,846,846 $9,335,715 $359,849
2019 $13,461,103 $12,793,786 $8,894,174 $667,317
2018 $12,025,282 $11,209,581 $8,059,882 $815,701
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