Victory Ridge Academy Inc
Nonprofit profile at a glance
- EIN
- 204976804
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Lake Wales, FL, USA
- Phone
- 8636793338
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $15,934,498
- Expenses
- $14,849,286
- Assets
- $30,654,120
- Liabilities
- $27,446,206
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- JEFF BACHELDER (VICE CHAIRPE)
- MATT BELL (SECRETARY/TR)
- JULIE BOCKOVER (PARENT REP)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Victory ridge academy is a specialized charter school operated under contract with the polk county(fl) school board, which serves a 100% ese student population from pre-k to 12th grade. Pupils are treated as both patients and students under a dual medical/educational model, receiving daily speech, physical and occupational therapy on site and in classrooms as well as individualized educational instruction from certified ese instructors. The school is open to all residents of the local community, and all services are provided free of charge to its student population.
What it reported doing in 2024
Victory ridge academy provides children with physical, occupational and speech therapy during school hours as well as specialized individual education programs designed to meet each child's specific needs.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.8%; rating input score 89
- Program expense ratio: 95.3%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.8%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 2.06; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.9; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings
Growth
- Program expense growth: 12.1% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 11.3% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 19.7% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 88.8% of revenue deployed · 95.3% of spending went to programs
- Governance: 6 of 6 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $14.1M in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Review — Sustainability: Operating margin scored 59/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.