SOUTH CAROLINA VIRTUAL EDUCATION FOUNDATION (EIN 833342225) - 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

2018

Legal Domicile

Principal Officer

EMERIEL HUBBARD

Phone

8037260170

Tax Period

2024-07-01 to 2025-06-30

SOUTH CAROLINA VIRTUAL EDUCATION FOUNDATION, founded in 2018, is a small nonprofit in the Education sector that reported $303K in total revenue in fiscal year 2024. The organization ran a surplus of $67K, a strong 22% operating margin.

Mission

THE FOUNDATION EXISTS TO MANAGE PROPERTY FOR THE BENEFIT OF THE SOUTH CAROLINA VIRTUAL CHARTER SCHOOL AND TO SUPPORT VIRTUAL EDUCATION IN SOUTH CAROLINA IN A VARIETY OF METHODS AS APPROVED BY THE BOARD.

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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 $240,000

Investment Income $62,951

Other Revenue $0

TOTAL REVENUE $302,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,218

Fundraising Expenses $0

Program Expenses $163,092

Other Expenses $204,730

TOTAL EXPENSES $235,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,951	$308,888	0.0%
Expenses	$235,948	$225,417	+0.0%
Net Income	$67,003	$83,471	-0.2%

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

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

$188,464

Total Directors

$2,025

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANITA LATHAM	ASSISTANT TR	1.00	Officer	$0	$35,558	$159,464
EMERIEL HUBBARD	EXECUTIVE DI	10.00	Officer	$29,000	$0	$29,000
TIL MORISEY	DIRECTOR	1.00	Director	$0	$0	$2,025
JULIE ARMSTRONG	SECRETARY	1.00	Officer 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	$302,951	$235,948	$5,018,013	$67,003
2024	No data	No data	No data	No data
2023	$286,962	$329,752	$4,846,506	$-42,790
2022	$243,818	$288,304	$4,902,372	$-44,486
2021	$170,957	$189,541	$4,946,197	$-18,584
2020	$68,478	$93,631	$5,527,878	$-25,153

SOUTH CAROLINA VIRTUAL EDUCATION FOUNDATION