IVY BOUND ACADEMY (EIN 205619990) - 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

2007

Legal Domicile

Principal Officer

SHAWN HUNTSINGER

Phone

8188080158

Tax Period

2024-07-01 to 2025-06-30

IVY BOUND ACADEMY, founded in 2007, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 111% operating deficit.

Mission

EDUCATION

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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 $1,618,059

Program Service Revenue $0

Investment Income $61,471

Other Revenue $0

TOTAL REVENUE $1,679,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,776,386

Fundraising Expenses $20,239

Program Expenses $2,386,225

Other Expenses $1,770,478

TOTAL EXPENSES $3,546,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,679,530	$2,290,916	-0.3%
Expenses	$3,546,864	$2,948,264	+0.2%
Net Income	$-1,867,334	$-657,348	+1.8%

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

$153,323

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN BLUESTEIN	EXECUTIVE DIRECTOR	40.00		$218,958	$42,005	$260,963
SHAWN HUNTSINGER	Executive Dir.	40.00	Officer	$124,100	$29,223	$153,323
JULIE CHOU	BUS & HR MANAGER	40.00		$100,847	$0	$100,847
AMIR ALIMARDANI	Treasurer	2.00	Officer Director	$0	$0	$0
DR GRETTA MADJZOOB	Director	2.00	Director	$0	$0	$0
DOUG PFENDLER	Secretary	2.00	Officer Director	$0	$0	$0
DR PETE GOLDSCHMIDT	Director	2.00	Director	$0	$0	$0
DAVID GOLDENBERG	Chairman	2.00	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	$1,679,530	$3,546,864	$992,005	$-1,867,334
2024	No data	No data	No data	No data
2023	$2,450,919	$3,019,259	$7,495,364	$-568,340
2022	$4,356,528	$4,301,136	$3,968,838	$55,392
2021	$4,258,543	$3,931,392	$3,876,923	$327,151
2020	$3,930,757	$3,660,966	$3,378,910	$269,791
2019	$3,816,975	$3,428,789	$3,135,665	$388,186
2018	$4,081,342	$3,541,671	$2,692,351	$539,671

IVY BOUND ACADEMY