Idaho Virtual Academy LEA No 452 (EIN 010720150) - 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

2002

Legal Domicile

Principal Officer

Jeff Thompson

Phone

2083223559

Tax Period

2023-07-01 to 2024-06-30

Idaho Virtual Academy LEA No 452, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $19.3M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

Public Education.

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,318,684

Program Service Revenue $0

Investment Income $64

Other Revenue $0

TOTAL REVENUE $19,318,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,224,815

Fundraising Expenses $0

Program Expenses $18,192,777

Other Expenses $11,555,323

TOTAL EXPENSES $19,780,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,318,748	$17,851,357	+0.1%
Expenses	$19,780,138	$18,549,302	+0.1%
Net Income	$-461,390	$-697,945	-0.3%

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

128

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
Brandon Shippy	Director	1.00	Director	$0	$0	$0
Irene Shaver	Treasurer	1.00	Officer Director	$0	$0	$0
Melissa Krein	Vice Chair	1.00	Officer Director	$0	$0	$0
Bjorn Handeen	Director	1.00	Director	$0	$0	$0
Jeff Thompson	Chair	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	No data	No data	No data	No data
2024	$19,318,748	$19,780,138	$10,342,167	$-461,390
2023	$17,851,357	$18,549,302	$10,962,377	$-697,945
2022	$19,379,134	$19,534,181	$13,523,804	$-155,047
2021	$25,986,079	$26,170,019	$11,434,629	$-183,940
2020	$13,719,599	$13,710,882	$5,882,487	$8,717
2019	$13,095,789	$13,028,047	$2,587,509	$67,742

Idaho Virtual Academy LEA No 452