STEELE CREEK CHARTER EDUCATION FOUNDATION INC

EIN: 822825276 501(c)(3) Education

CHARLOTTE, NC

Total Revenue
$6,778,225
Total Expenses
$6,949,121
Total Assets
$10,617,420
Net Assets
$-1,827,449
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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
2017
Legal Domicile
NC
Principal Officer
CINDY DECKER
Phone
9802435580
Tax Period
2024-07-01 to 2025-06-30

STEELE CREEK CHARTER EDUCATION FOUNDATION INC, founded in 2017, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024.

Mission

STEELE CREEK CHARTER EDUCATION FOUNDATION IS A NORTH CAROLINA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF NORTH CAROLINA THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF NORTH CAROLINA.STUDENTS AT STEELE CREEK PREPARATORY ACADEMY WILL LEARN IN A RIGOROUS, PERSONALIZED LEARNING ENVIROMENT WHILE BUILDING STRONG FOUNDATIONS OF ACADEMIC AND CRITICAL THINKING SKILLS THAT LEAD TO FUTURE OPPORTUNITIES FOR COLLEGE AND CAREER READINESS.

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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 $6,389,250
Program Service Revenue $340,648
Investment Income $14,272
Other Revenue $34,055
TOTAL REVENUE $6,778,225

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,406,721
Fundraising Expenses $0
Program Expenses $4,626,529
Other Expenses $4,542,400
TOTAL EXPENSES $6,949,121

Year-over-Year Comparison

2024 2023 Change
Revenue $6,778,225 $6,716,216 +0.0%
Expenses $6,949,121 $7,078,243 0.0%
Net Income $-170,896 $-362,027 -0.5%
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
5
Independent Members
5
Employees
64
Volunteers
7

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW RIDENHOUR PRESIDENT 5.00
Officer Director
$0 $0 $0
CINDY DECKER VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
GEORGE ALEX VUCHNICH TREASURER 5.00
Officer Director
$0 $0 $0
TYLER SMITH SECRETARY 5.00
Officer Director
$0 $0 $0
LORENA RITZ DIRECTOR 5.00
Director
$0 $0 $0
CINDY CAREY SCHOLAR PRINCIPAL 0.10
Highest
$118,974 $5,005 $123,979
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 $6,778,225 $6,949,121 $10,617,420 $-170,896
2024 No data No data No data No data
2023 $6,157,255 $6,348,399 $10,744,419 $-191,144
2022 $6,315,200 $6,716,554 $12,318,056 $-401,354
2021 $4,912,894 $5,349,686 $11,919,569 $-436,792
2020 $5,070,946 $5,336,182 $12,365,435 $-265,236
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