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Who is Self-Help?

Assessing Charter School Performance: Tools for Predicting and Monitoring the Academic and Financial Risk of Charter Schools. Who is Self-Help?. Non-profit CDFI founded in 1980

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Who is Self-Help?

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  1. Assessing Charter School Performance: Tools for Predicting and Monitoring the Academic and Financial Risk of Charter Schools

  2. Who is Self-Help? • Non-profit CDFI founded in 1980 • Mission: Creating and protecting ownership and economic opportunity for people of color, women, rural residents and low-wealth families • Over $100 million in financing charter schools nationwide since 1997

  3. Purposes & Uses of Rating Matrix • Standardize risk assessment of loans to compare relative risk • Differentiate monitoring efforts based on risk • Potential loan evaluation • Underwriting feedback mechanism • Assess portfolio risk as a whole to manage grant funds • Determine loan loss reserve • Training tool for new loan officers Customized for Commercial Real Estate, Charter School, and Other Lending

  4. SH Charter School Risk Rating Process Academic Appraisal Academic Rating Loan Package Rating Matrix Credit Committee Probability of Default- Interest Rate Approval Risk Rating Categories Y Loan Closing Monitoring

  5. Risk Rating Matrix • Criteria: Based on 5 Cs of Credit • Capacity to Repay • Character/Management • Conditions • Capital • Collateral • Each criterion is assigned different weights based on importance

  6. Academic Performance Monitoring Academic elements assessed using two instruments: • Initial School Evaluation • Qualitative & quantitative information • Helps make initial loan decision • Academic Monitoring Tool • Quantitative • Used for performance monitoring

  7. Initial School Evaluation • Tool used to gather background information on prospective borrowers • Collects qualitative and quantitative school data • Helps assess how closely borrower meets our mission: serving at-risk student populations to close the achievement gap • Information used to help loan officer make an initial lending decision

  8. Initial School Evaluation • Gathers school information in four domains: • Student / Community Population • Academic Performance • School Curriculum • Non-Academic Indicators • Designed to compliment site visits and interviews with school leadership and other relevant third parties (e.g., authorizer, resource centers)

  9. Academic Monitoring Tool • Public Impact developed academic assessment tool for charter portfolio • Used to assess risk of school closure due to academic performance • Helps us monitor current loans and predict the academic success of future loans

  10. Academic Monitoring Tool • Converts achievement data into a single performance score, used in the risk matrix • Assigns school scores from 1 (no risk of closure) to 5 (high risk of closure) • Scores based on AYP data, student proficiency, performance history over 3 years, comparisons to state and district data • Monitoring tool tracks progress over time, and compares schools

  11. Example of School Data Collection

  12. Example of School Scoring For each measure school receives score of 1 (highest) to 5 (lowest) based on predetermined thresholds:

  13. How We Weigh the Data • To find total score, calculate weighted average • From highest to lowest 1) Growth percentage 2) Change in performance over time 3) Comparison to state and district averages 4) Percent proficiency on state tests 5) AYP subgroup performance 6) AYP history

  14. Improvement Areas in Process • Reevaluating performance thresholds • Consideration for schools with high percentage of special needs populations • Tracking more intangible qualities of a school • Input of charter school closure rate & other authorizer variables

  15. Contact Us Jane Ellis Director, Charter School Lending jane.ellis@self-help.org 919.956.4407/800.476.7428 Self-Help Services Corp 301 West Main Street Durham, NC 27701 www.self-help.org/charterschools

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