Ithaca Public Education Initiative… - 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

1996

Legal Domicile

Principal Officer

Indi McCasey

Phone

5107794237

Tax Period

2024-07-01 to 2025-06-30

Ithaca Public Education Initiative Inc, founded in 1996, is a small nonprofit in the Education sector that reported $348K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $302K left a modest 13% surplus.

Mission

THE ITHACA PUBLIC EDUCATION INTIATIVE FACILITATES COMMUNITY CONNECTIONS AND SUPPORT FOR STUDENTS AND TEACHERS OF THE ITHACA CITY SCHOOL DISTRICT THROUGH ENGAGEMENT, COLLABORATION, GIFTS AND GRANTS.

Program Service Accomplishments

Program 1

Expenses: $155,903

EDUCATIONAL GRANTS AND OTHER: TO ENCOURAGE AND REWARD INNOVATIVE TEACHING THROUGH TARGETED GRANTS FOR TEACHERS, STUDENTS AND COMMUNITY ORGANIZATIONS.

Program 2

Expenses: $47,352

FINE ARTS BOOSTER GROUP - SUPPORT OF THE FINE AND PERFORMING ARTS THROUGHOUT THE ITHACA CITY SCHOOL DISTRICT, INCLUDING CREATIVE WRITING, DANCE, DRAMA, MUSIC, AND VISUAL ARTS.

Program 3

Expenses: $10,298

STEM ADVOVATES IS DESIGNED TO PROMOTE STUDENT KNOWLEDGE AND INTEREST IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH, INCLUDING COMPUTER PROGRAMMING AND ROBOTICS. STEM ADVOCATES SUPPORT COMES PRIMARILY...

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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 $259,544

Program Service Revenue $10,289

Investment Income $70,794

Other Revenue $7,741

TOTAL REVENUE $348,368

Expense Breakdown

Grants Paid $133,160

Salaries & Benefits $102,173

Fundraising Expenses $20,434

Program Expenses $213,553

Other Expenses $66,593

TOTAL EXPENSES $301,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,368	$313,363	+0.1%
Expenses	$301,926	$266,861	+0.1%
Net Income	$46,442	$46,502	0.0%

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

Volunteers

N/A

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

$67,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Indi McCasey	Executive Director	40.00	Officer Highest	$67,080	$0	$67,080
Courtney Reinhart	Board Member	1.00	Director	$0	$0	$0
Walaa Maharem-Horan	Board Member	1.00	Director	$0	$0	$0
Millicent Clarke-Maynard	Board Member	1.00	Director	$0	$0	$0
Kathy Duell	Board Member	1.00	Director	$0	$0	$0
Chris W Savino	Board Member	1.00	Director	$0	$0	$0
Esther L Racoosin	Board Member	1.00	Director	$0	$0	$0
Mike Thompson	Board Member	1.00	Director	$0	$0	$0
Linda Duttweiler	Board Member	1.00	Director	$0	$0	$0
Samantha Elebiary	Board Member	1.00	Director	$0	$0	$0
Andrea Volckmar	Board Member	1.00	Director	$0	$0	$0
Marley Thompson	Board Member	1.00	Director	$0	$0	$0
Sari Stifelman	Board Member	1.00	Director	$0	$0	$0
Ross Tate	Board Member	1.00	Director	$0	$0	$0
Moira Lang	Vice President	1.00	Officer Director	$0	$0	$0
Margery Brodhead	President	2.00	Officer Director	$0	$0	$0
Kate Supron	Secretary	1.00	Officer Director	$0	$0	$0
Kelly Cobb	Treasurer	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	$348,368	$301,926	$1,386,437	$46,442
2024	$313,363	$266,861	$1,319,635	$46,502
2023	$229,043	$239,157	$1,205,650	$-10,114
2022	$190,978	$257,994	$1,183,000	$-67,016
2021	$464,587	$289,569	$1,279,768	$175,018
2020	$295,772	$219,915	$1,091,889	$75,857
2019	$266,772	$244,007	$989,192	$22,765
2018	$259,209	$290,853	$944,901	$-31,644

Ithaca Public Education Initiative Inc