THE CHARTER INSTITUTE AT ERSKINE I… - Form 990 Financial Data

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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

Principal Officer

JOHN LI

Phone

8038492464

Tax Period

2024-07-01 to 2025-06-30

THE CHARTER INSTITUTE AT ERSKINE INC, founded in 2017, is a major nonprofit in the Education sector that reported $299.9M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE CHARTER INSTITUTE AT ERSKINE IS TO AUTHORIZE HIGH-QUALITY CHARTER SCHOOLS THAT ELEVATE EDUCATIONAL OPPORTUNITIES THROUGH INNOVATION AND CREATIVITY.

Program Service Accomplishments

Program 1

Expenses: $240,225,595 Revenue: $5,739,357

TO EMPOWER FAMILIES AND LOCAL COMMUNITIES THROUGH THE ESTABLISHMENT AND COMPETENT OPERATION OF HIGH QUALITY CHARTER SCHOOLS THROUGHOUT SOUTH 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $293,992,681

Program Service Revenue $5,507,576

Investment Income $143,131

Other Revenue $231,781

TOTAL REVENUE $299,875,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,971,121

Fundraising Expenses $0

Program Expenses $240,225,595

Other Expenses $295,310,874

TOTAL EXPENSES $300,281,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,875,169	$294,615,942	+0.0%
Expenses	$300,281,995	$292,961,046	+0.0%
Net Income	$-406,826	$1,654,896	-1.2%

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

Volunteers

N/A

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

$729,099

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR STEVEN ADAMSON	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
HELEN TAYLOR	TREASURER	5.00	Officer Director	$0	$0	$0
STU RODMAN	BOARD MEMBER	5.00	Director	$0	$0	$0
DR TONY FOSTER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
DR GORDON QUERY	BOARD MEMBER	5.00	Director	$0	$0	$0
TODD CARNES	BOARD MEMBER	5.00	Director	$0	$0	$0
CAMERON RUNYAN	CEO	45.00	Officer	$310,556	$22,083	$332,639
VAMSHI RUDRAPATI	COO	45.00	Officer	$227,746	$22,083	$249,829
JOHN LI	CHIEF FINANCIAL OFFICER	45.00	Officer	$129,792	$16,839	$146,631
CHRISTY JUNKINS	CHIEF OF STAFF	45.00	Highest	$164,598	$13,209	$177,807
KAREN BRAKEFIELD	SUPERINTENDENT OF SCHOOLS	45.00	Highest	$158,228	$17,325	$175,553
JEANIE GLOVER	DEPUTY SUPERINTENDENT	45.00	Highest	$125,446	$5,715	$131,161
MELVIN SINCLAIR	SUPERINTENDENT OF SCHOOLS	45.00	Highest	$170,621	$13,068	$183,689
KUSUMA BUDDHIRAJU	CHIEF OF BUSINESS STRATEGY	45.00	Highest	$119,776	$5,715	$125,491

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	$299,875,169	$300,281,995	$17,423,132	$-406,826
2024	No data	No data	No data	No data
2023	$244,260,168	$242,679,238	$11,892,544	$1,580,930
2022	$232,498,588	$231,678,686	$23,789,226	$819,902
2021	$209,656,742	$208,109,095	$12,067,281	$1,547,647
2020	$94,566,743	$94,516,236	$5,024,709	$50,507
2019	$78,502,584	$78,278,725	$3,703,427	$223,859
2018	$25,503	$262,306	$664	$-236,803

THE CHARTER INSTITUTE AT ERSKINE INC