AVONDALE MEADOWS ACADEMY INC D/B/A… - 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

2005

Legal Domicile

Principal Officer

KELLY HERRON

Phone

3175503363

Tax Period

2024-07-01 to 2025-06-30

AVONDALE MEADOWS ACADEMY INC D/B/A UNITED SCHOOLS OF INDIANAPOLIS, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $16.7M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

SEE PART I, LINE 1

Program Service Accomplishments

Program 1

Expenses: $11,031,297 Revenue: $36,190

AVONDALE MEADOWS ACADEMY, INC. DBA UNITED SCHOOLS OF INDIANAPOLIS (USI) OPERATES THREE CHARTER SCHOOLS IN INDIANAPOLIS, INDIANA. THE FIRST, AVONDALE MEADOWS ACADEMY ("AMA"), WAS FOUNDED TO SERVE...

AVONDALE MEADOWS ACADEMY, INC. DBA UNITED SCHOOLS OF INDIANAPOLIS (USI) OPERATES THREE CHARTER SCHOOLS IN INDIANAPOLIS, INDIANA. THE FIRST, AVONDALE MEADOWS ACADEMY ("AMA"), WAS FOUNDED TO SERVE STUDENTS IN THE AVONDALE MEADOWS COMMUNITY OF INDIANAPOLIS WHO OTHERWISE DID NOT HAVE ACCESS TO QUALITY PUBLIC SCHOOLS. IT OPENED IN 2006 UNDER THE NAME CHALLENGE FOUNDATION ACADEMY. IN SPRING 2014, AMA CHANGED THE NAME TO AVONDALE MEADOWS ACADEMY TO REFLECT THE TIES TO THE LOCAL COMMUNITY. AMA IN GRADES K-5. IN FALL 2014, USI OPENED A SECOND SCHOOL, VISION ACADEMY @ RIVERSIDE ("VAR"), ON THE WEST SIDE OF INDIANAPOLIS. VAR SERVES GRADES K - 8 AND IS NEAR ITS CAPACITY OF 460 STUDENTS. IN FALL 2017, USI OPENED AVONDALE MEADOWS MIDDLE SCHOOL (AMM) IN AN EXPANSION TO THE CURRENT AMA FACILITY. AMMS HAS THE CAPACITY TO SERVE 300 STUDENTS IN GRADES 6-8. CURRENTLY, THEIR ENROLLMENT IS 165.ALL USI SCHOOLS ARE TUITION-FREE QUALITY PUBLIC CHARTER SCHOOLS AND THEIR WORK IS DRIVEN BY THEIR MISSION TO ENSURE EVERY STUDENT REALIZES THEIR FULL POTENTIAL BY PROVIDING EACH STUDENT WITH WHAT HE/SHE NEEDS TO BE SUCCESSFUL.

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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 $16,443,733

Program Service Revenue $36,190

Investment Income $237,657

Other Revenue $-2,291

TOTAL REVENUE $16,715,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,805,602

Fundraising Expenses $150,699

Program Expenses $11,031,297

Other Expenses $5,724,903

TOTAL EXPENSES $16,530,505

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,715,289	$23,578,579	-0.3%
Expenses	$16,530,505	$15,938,509	+0.0%
Net Income	$184,784	$7,640,070	-1.0%

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

N/A

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

$349,777

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABBY MCDONOUGH	DIRECTOR	1.00	Director	$0	$0	$0
WILL ZINK	DIRECTOR	1.00	Director	$0	$0	$0
JETTA VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
JACOB CROUCH	DIRECTOR	1.00	Director	$0	$0	$0
BILL HARRIS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SARAH LOFTON	SECRETARY	1.00	Officer Director	$0	$0	$0
ROSS RIDGE	DIRECTOR	1.00	Director	$0	$0	$0
CARLSON ELLIOT	DIRECTOR	1.00	Director	$0	$0	$0
MARIELLE RUJEVCAM	DIRECTOR	1.00	Director	$0	$0	$0
DARIUS ADAMSON	EXECUTIVE DIRECTOR (START MARCH 2025)	40.00	Officer	$0	$0	$0
KELLY HERRON	EXECUTIVE DIRECTOR (END MARCH 2025)	40.00	Officer	$188,436	$15,544	$203,980
JANIE SEIVERS	DIRECTOR OF BUSINESS AFFAIRS	40.00	Officer	$138,287	$7,510	$145,797
CARVIS HERRON JR	DIRECTOR OF OPERATIONS	40.00	Highest	$126,081	$7,431	$133,512
AUNYE HOCKETT	PRINCIPAL OF AMA	40.00	Highest	$121,739	$15,084	$136,823
MARK SIMON	PRINCIPAL OF AMMS	40.00	Highest	$120,088	$520	$120,608
KRISTEN STRATTON	DIRECTOR OF STUDENT SERVICES	40.00	Highest	$120,068	$25,560	$145,628
KANDIS PEARSON	DIRECTOR OF ACADEMICS	40.00	Highest	$118,617	$6,338	$124,955

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	$16,715,289	$16,530,505	$30,660,684	$184,784
2024	$23,578,579	$15,938,509	$30,978,350	$7,640,070
2023	$15,755,110	$15,672,822	$23,542,400	$82,288
2022	$14,362,990	$13,929,300	$23,354,036	$433,690
2021	$13,496,090	$12,486,945	$23,232,251	$1,009,145
2020	$11,740,705	$11,845,699	$23,334,594	$-104,994
2019	$11,549,156	$11,932,335	$22,643,511	$-383,179
2018	$10,150,764	$11,383,217	$23,769,885	$-1,232,453

AVONDALE MEADOWS ACADEMY INC D/B/A UNITED SCHOOLS OF INDIANAPOLIS