IMAGINE ELEMENTARY AT TEMPE INC

EIN: 204931151 501(c)(3)

TEMPE, AZ

Total Revenue
$2,184,836
Total Expenses
$3,330,295
Total Assets
$515,783
Net Assets
$-3,188,899
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
AZ
Principal Officer
LEONORA KETYER
Phone
4803551640
Tax Period
2017-07-01 to 2018-06-30

IMAGINE ELEMENTARY AT TEMPE INC, founded in 2005, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2017. Revenue decreased 6% compared to the prior year. Expenses of $3.3M exceeded revenue, resulting in a 52% operating deficit.

Mission

TO OPERATE A NOT FOR PROFIT CHARTER SCHOOL AND CONDUCT EDUCATIONAL RESEARCH, EVALUATION, AND DEVELOPMENT ACTIVITIES.

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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%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $443,767
Program Service Revenue $1,724,296
Investment Income $0
Other Revenue $16,773
TOTAL REVENUE $2,184,836

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,497,642
Fundraising Expenses $9,508
Program Expenses $2,701,026
Other Expenses $1,832,653
TOTAL EXPENSES $3,330,295

Year-over-Year Comparison

2017 2016 Change
Revenue $2,184,836 $2,325,954 -0.1%
Expenses $3,330,295 $3,250,734 +0.0%
Net Income $-1,145,459 $-924,780 +0.2%
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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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
4

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
3
$88,058
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEONORA KETYER CHAIR 2.00
Officer Director
$0 $0 $0
HERMAN ORCUTT SECRETARY 2.00
Officer Director
$0 $0 $0
MEGAN ZIMMERMAN DIRECTOR 2.00
Director
$0 $0 $0
SELETHIA BENN PRINCIPAL 40.00
Officer
$88,058 $0 $88,058
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
2018 $2,184,836 $3,330,295 $515,783 $-1,145,459
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