FLORIDIANS FOR QUALITY VIRTUAL EDUCATION INC (EIN 813326090) - 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

2016

Legal Domicile

Principal Officer

STAR HUDSPATH

Phone

8557415127

Tax Period

2024-07-01 to 2025-06-30

FLORIDIANS FOR QUALITY VIRTUAL EDUCATION INC, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $31.4M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TO OPERATE A VIRTUAL PUBLIC CHARTER SCHOOL THAT ALLOWS STUDENTS GRADES K-12 TO RECEIVE A HIGH-QUALITY EDUCATION FROM HOME.

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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 $0

Program Service Revenue $31,431,856

Investment Income $0

Other Revenue $1,000

TOTAL REVENUE $31,432,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,163,524

Fundraising Expenses $0

Program Expenses $33,773,464

Other Expenses $16,700,082

TOTAL EXPENSES $33,863,606

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,432,856	$35,553,929	-0.1%
Expenses	$33,863,606	$31,935,982	+0.1%
Net Income	$-2,430,750	$3,617,947	-1.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STAR HUDSPATH-MCREYNOLDS	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRIS BATES	TREASURER	0.50	Officer Director	$0	$0	$0
JOHN GRANT	SECRETARY	0.50	Officer Director	$0	$0	$0
ALICIA HILL	MEMBER	0.50	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	$31,432,856	$33,863,606	$13,768,139	$-2,430,750
2024	$35,553,929	$31,935,982	$14,533,144	$3,617,947
2023	$29,802,454	$28,974,914	$6,545,298	$827,540
2022	$27,629,122	$26,444,104	$7,270,958	$1,185,018
2021	$19,038,005	$19,028,800	$4,709,031	$9,205
2020	$11,861,359	$11,846,464	$3,065,153	$14,895
2019	$6,556,422	$6,535,350	$1,677,971	$21,072

FLORIDIANS FOR QUALITY VIRTUAL EDUCATION INC