INDIANA MATH & SCIENCE ACADEMY - INDIANAPOLIS INC

EIN: 205751308 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$9,132,612
Total Expenses
$8,154,392
Total Assets
$8,598,123
Net Assets
$7,469,791
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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
IN
Principal Officer
JIM SPARKS
Phone
3172980025
Tax Period
2024-07-01 to 2025-06-30

INDIANA MATH & SCIENCE ACADEMY - INDIANAPOLIS INC, founded in 2006, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2024. Expenses of $8.2M left a modest 11% surplus.

Mission

TO PROVIDE FOR AN ENVIRONMENT OF LEARNING FOR EDUCATIONALLY UNDER-RESOURCED STUDENTS THROUGH A RIGOROUS COLLEGE PREPARATORY PROGRAM FOCUSING ON SCIENCE, MATHEMATICS, AND TECHNOLOGY IN AN ATMOSPHERE THAT PROVIDES STUDENTS, PARENTS, AND TEACHERS OPPORTUNITIES FOR CONTINUOUS GROWTH, ENABLING THEM TO REACH THEIR HIGHEST POTENTIAL IN LIFE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,445,611
Program Service Revenue $638,043
Investment Income $48,958
Other Revenue $0
TOTAL REVENUE $9,132,612

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,334,399
Fundraising Expenses $0
Program Expenses $5,814,307
Other Expenses $2,819,993
TOTAL EXPENSES $8,154,392

Year-over-Year Comparison

2024 2023 Change
Revenue $9,132,612 $8,746,279 +0.0%
Expenses $8,154,392 $8,411,338 0.0%
Net Income $978,220 $334,941 +1.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
109
Volunteers
25

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
$131,991
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM ATLIHAN PRINCIPAL 40.00
Officer
$118,022 $13,969 $131,991
JIM SPARKS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
DANIEL PIERSON VICE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
BERNICE VELENTINE-WATTS ACD. EXCELLENCE COMMITTEE CHAIR 1.00
Director
$0 $0 $0
TOBY MILLER FINANCE COMMITTEE CHAIR 1.00
Director
$0 $0 $0
NIKOLA COLEMAN MEMBER 1.00
Director
$0 $0 $0
CHARISE FRAZIER MEMBER 1.00
Director
$0 $0 $0
NESTOR PEREZ MEMBER 1.00
Director
$0 $0 $0
ALONZO ROSS MEMBER 1.00
Director
$0 $0 $0
JAZMIN SANDERS MEMBER 1.00
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 $9,132,612 $8,154,392 $8,598,123 $978,220
2024 $8,746,279 $8,411,338 $8,652,415 $334,941
2023 $9,380,764 $7,597,726 $8,398,266 $1,783,038
2022 $7,679,581 $6,796,223 $6,429,129 $883,358
2021 $7,486,471 $5,931,034 $5,831,245 $1,555,437
2020 $6,162,346 $5,466,959 $5,119,630 $695,387
2019 $5,670,362 $5,467,188 $4,125,844 $203,174
2018 $5,613,322 $5,417,977 $4,485,545 $195,345
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