CHARTER EDUCATION BOARD OF SOUTH C… - 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

2022

Legal Domicile

Principal Officer

SAMUEL RIVERS JR

Phone

8432789726

Tax Period

2024-07-01 to 2025-06-30

CHARTER EDUCATION BOARD OF SOUTH CAROLINA, founded in 2022, is a community nonprofit in the Education sector that reported $8.6M in total revenue in fiscal year 2024.

Mission

SUMMERVILLE PREPARATORY ACADEMY IS A TUITION-FREE PUBLIC CHARTER SCHOOL OPERATED AS PART OF THE CHARTER SCHOOLS USA (CSUSA) NETWORK. THE SCHOOL EXISTS TO SERVE THE EDUCATIONAL NEEDS OF STUDENTS BY DELIVERING A RIGOROUS, STUDENT-CENTERED ACADEMIC PROGRAM DESIGNED TO DEVELOP BOTH STRONG MINDS AND GOOD HEARTS.

Program Service Accomplishments

Program 1

Expenses: $5,046,525 Revenue: $324,068

SUMMERVILLE PREPARATORY ACADEMY IS A PUBLIC CHARTER SCHOOL LOCATED IN SUMMERVILLE, SOUTH CAROLINA, THAT SERVED APPROXIMATELY 524 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2025.

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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 $8,259,449

Program Service Revenue $296,007

Investment Income $15,100

Other Revenue $28,061

TOTAL REVENUE $8,598,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,238,289

Fundraising Expenses $0

Program Expenses $5,046,525

Other Expenses $5,465,166

TOTAL EXPENSES $8,703,455

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,598,617	N/A	N/A
Expenses	$8,703,455	N/A	N/A
Net Income	$-104,838	$0	N/A

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
SAMUEL RIVERS JR	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
TOM IHRKE	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
PAUL NORCROSS	DIRECTOR	2.00	Director	$0	$0	$0
DR RENEE JEFFERSON	DIRECTOR	2.00	Director	$0	$0	$0
JAY DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW YATES	DIRECTOR	2.00	Director	$0	$0	$0
ZACH SCWARZ	DIRECTOR	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	$8,598,617	$8,703,455	$24,322,943	$-104,838

CHARTER EDUCATION BOARD OF SOUTH CAROLINA