HIAWATHA ACADEMIES (EIN 204798683) - 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

2006

Legal Domicile

Principal Officer

KAREN KLINZING

Phone

3147535073

Tax Period

2024-07-01 to 2025-06-30

HIAWATHA ACADEMIES, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $32.4M in total revenue in fiscal year 2024.

Mission

OPERATION OF CHARTER SCHOOL IN MINNEAPOLIS, MN.

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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 $32,072,443

Program Service Revenue $113,989

Investment Income $-83,844

Other Revenue $300,511

TOTAL REVENUE $32,403,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,160,981

Fundraising Expenses $0

Program Expenses $29,516,610

Other Expenses $13,814,985

TOTAL EXPENSES $33,975,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,403,099	$32,646,206	0.0%
Expenses	$33,975,966	$33,409,842	+0.0%
Net Income	$-1,572,867	$-763,636	+1.1%

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

335

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

$506,000

Total Directors

$97,972

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YOLANDA MAJORS	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
ROBBIE SOSKIN	TREASURER	5.00	Officer Director	$0	$0	$0
CHARLES BRAMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
ABUDUL SANNIE-ARIYIBI	MEMBER/TEACHER	45.00	Director	$36,459	$7,879	$44,338
REMESHA WILLIAMS	MEMBER/TEACHER	45.00	Director	$47,336	$6,298	$53,634
DR ALICIA MUNOZ	MEMBER	5.00	Director	$0	$0	$0
JOSE GOMEZ	MEMBER	5.00	Director	$0	$0	$0
ERIC HANSON	MEMBER	5.00	Director	$0	$0	$0
LASHAWN RAY	EXECUTIVE DIRECTOR (END 12/2024)	45.00	Officer	$204,502	$28,503	$233,005
TODD PETERSON	SENIOR FINANCE OFFICER	40.00	Officer	$139,725	$11,101	$150,826
KAREN KLINZING	EXECUTIVE DIRECTOR (BEG 1/2025)	45.00	Officer	$118,246	$3,923	$122,169
SABRINA EDWARDS	STUDENT SERVICES OFFICER	40.00	Highest	$128,335	$25,119	$153,454
MELANIE JOHNSON	SENIOR EXTERNAL RELATIONS OFFICER	40.00	Highest	$130,986	$20,293	$151,279
MARISA NATHAN	SENIOR ACADEMIC OFFICER	40.00	Highest	$127,120	$30,483	$157,603
NOELLA O'ROURKE	SENIOR HR OFFICER	40.00	Highest	$127,293	$31,811	$159,104
DOUGLAS SCHLEIF	PRINCIPAL	40.00	Highest	$123,073	$0	$123,073

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	$32,403,099	$33,975,966	$11,880,408	$-1,572,867
2024	No data	No data	No data	No data
2023	$31,998,347	$32,340,998	$14,475,294	$-342,651
2022	$30,139,813	$30,050,908	$16,918,105	$88,905
2021	$30,126,706	$28,107,832	$17,479,202	$2,018,874
2020	$28,453,201	$28,580,135	$18,988,551	$-126,934
2019	$26,954,610	$27,331,911	$22,245,764	$-377,301
2018	$23,932,781	$28,399,005	$23,683,965	$-4,466,224

HIAWATHA ACADEMIES