Inlet Grove Community High School … - 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

2003

Legal Domicile

Principal Officer

Emma T Banks

Phone

5618814600

Tax Period

2024-07-01 to 2025-06-30

Inlet Grove Community High School Inc, founded in 2003, is a community nonprofit in the Education sector that reported $9.6M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $10.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

The mission of Inlet Grove Community High School, Inc. is to graduate students with the skills and kowledge to be lifelong learners and responsible contributing citizens through a technology rich learning environment that integrates rigorous academic and career preparations.

Program Service Accomplishments

Program 1

Expenses: $8,720,421

Inlet Grove Community High School IGCHS is one of the top A rated high performing charter schools and top ranked Career Choice Academies in Palm Beach County. According to U.S. News World Report...

Inlet Grove Community High School IGCHS is one of the top A rated high performing charter schools and top ranked Career Choice Academies in Palm Beach County. According to U.S. News World Report, IGCHS is ranked 217th within Florida, and is ranked 4,013 in the National Rankings on its performance on state-required tests, graduation and how well students are prepared for college. The Advanced Placement coursework and exam participation rate at IGCHS is 43. The total minority enrollment is 93 and 100 qualified for free or reduced lunch. Due to our focus on college and career preparation, our Acceleration Success rate is 91, second in Palm Beach County. Our current graduation rate is 99.3, outperforming the School District of Palm Beach County. Our students academic pathways include S.T.E.M. programs which rank in the Top 4 in Science Achievement, Dual Enrollment, Early admission and early graduation options. Students can earn career certifications and college credits from the following Choice Academies Pre-Medical, Practical Nursing, Continued Below

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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 $9,552,676

Program Service Revenue $0

Investment Income $11,819

Other Revenue $0

TOTAL REVENUE $9,564,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,511,751

Fundraising Expenses $0

Program Expenses $8,720,421

Other Expenses $4,054,510

TOTAL EXPENSES $10,566,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,564,495	$12,540,179	-0.2%
Expenses	$10,566,261	$10,553,883	+0.0%
Net Income	$-1,001,766	$1,986,296	-1.5%

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

101

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

$305,859

Total Directors

$305,859

Key Employees

$445,551

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Emma T Banks	Director / CEO	050.00	Officer Director Key Emp Highest	$305,859	$0	$305,859
Francisco J Lopez-Ortiz	Principal	050.00	Key Emp	$139,692	$0	$139,692
Charles Woodward	Chairperson	002.00	Director	$0	$0	$0
Clarence Williams	Secretary	002.00	Officer Director	$0	$0	$0
Crystal Atkinson	Treasurer, Parent Liasion	002.00	Director	$0	$0	$0
Lonnie Martens	Vice-Chair	002.00	Director	$0	$0	$0
Lavoise Smith	Director	002.00	Director	$0	$0	$0
Marie Morel	Director	002.00	Director	$0	$0	$0
Danny Jones	Director	002.00	Director	$0	$0	$0
Bill Washington	Treasurer	002.00	Director	$0	$0	$0
Jim Pegg	Director	002.00	Director	$0	$0	$0
George Lockhart	Director	002.00	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	$9,564,495	$10,566,261	$5,581,072	$-1,001,766
2024	$12,540,179	$10,553,883	$6,245,976	$1,986,296
2023	$9,014,171	$9,240,704	$3,038,057	$-226,533
2022	$8,186,671	$9,058,747	$2,203,905	$-872,076
2021	$7,322,560	$7,041,224	$2,430,903	$281,336
2020	$7,154,897	$7,596,038	$1,860,416	$-441,141
2019	$7,141,731	$7,335,738	$1,602,532	$-194,007
2018	$6,749,884	$7,256,759	$1,533,064	$-506,875

Inlet Grove Community High School Inc