CHEROKEE COUNTY CHARTER SCHOOL

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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

A K PARKER

Phone

8644897192

Tax Period

2022-07-01 to 2023-06-30

CHEROKEE COUNTY CHARTER SCHOOL, founded in 2017, is a community nonprofit in the Education sector that reported $6.1M in total revenue in fiscal year 2022. Expenses of $7.2M exceeded revenue, resulting in a 18% operating deficit.

Mission

CHEROKEE CHARTER ACADEMY WILL CONTINUOUSLY DEVELOP THE NEXT GENERATION OF AMERICAN CITIZENS BY DEVELOPING CREATIVE, PROBLEM-SOLVING MINDS THROUGH THE EDUCATION OF THE WHOLE STUDENT. OUR SCHOOL WILL HAVE A CHALLENGING LEARNING ENVIRONMENT WITH HIGH EXPECTATIONS SET IN A CREATIVE AND CARING ATMOSPHERE TO GROW THE INTELLECTUAL, CHARACTER, PHYSICAL, SOCIAL, AND EMOTIONAL SIDES OF ALL OUR STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $5,754,723 Revenue: $110,385

THE SCHOOL ENROLLED APPROXIMATELY 500 STUDENTS IN KINDERGARTEN THOUGH GRADE SEVEN DURING THE 2021-22 SCHOOL YEAR. THE SCHOOL RANKED AS THE SECOND BEST PREFORMING ELEMENTARY SCHOOL IN CHEROKEE COUNTY. IT ALSO WON THE PRESTIGEOUS SILVER TOP SCHOOL AWARD FROM OUR SPONSOR, THE CHARTER INSTITUTE AT ERSKINE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,972,971

Program Service Revenue $110,385

Investment Income $2,559

Other Revenue $0

TOTAL REVENUE $6,085,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,885,473

Fundraising Expenses $0

Program Expenses $5,754,723

Other Expenses $3,267,803

TOTAL EXPENSES $7,153,276

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,085,915	$6,177,240	0.0%
Expenses	$7,153,276	$6,120,554	+0.2%
Net Income	$-1,067,361	$56,686	-19.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A K PARKER	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
SUZANNE TURNER	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROGER MILLER	TREASURER	3.00	Officer Director	$0	$0	$0
LIZ DAVIDSON	SECRETARY	3.00	Officer Director	$0	$0	$0
TERRY HALL	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIA LITTLEJOHN	BOARD MEMBER	2.00	Director	$0	$0	$0
SUE TURNER	BOARD MEMBER	2.00	Director	$0	$0	$0
STACY ORTEGA	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANNE PERRY	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,085,915	$7,153,276	$10,393,769	$-1,067,361
2022	$6,177,240	$6,120,554	$11,331,306	$56,686
2021	$4,401,090	$4,800,027	$11,204,185	$-398,937
2020	$97,029	$643,669	$11,448,896	$-546,640