INDIANA ONLINE LEARNING OPTIONS INC (EIN 205905529) - 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

2005

Legal Domicile

Principal Officer

STACY TAYLOR

Phone

3175503188

Tax Period

2023-07-01 to 2024-06-30

INDIANA ONLINE LEARNING OPTIONS INC, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $53.8M in total revenue in fiscal year 2023. Expenses of $48.6M left a modest 10% surplus.

Mission

TO MAXIMIZE ACADEMIC ACHIEVEMENT FOR STUDENTS IN GRADES K-12 THROUGHOUT THE STATE OF INDIANA WHO NEED AN ALTERNATIVE TO THE TRADITIONAL CLASSROOM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $53,756,745

Program Service Revenue $0

Investment Income $0

Other Revenue $41,542

TOTAL REVENUE $53,798,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,654,782

Fundraising Expenses $0

Program Expenses $41,959,752

Other Expenses $31,984,342

TOTAL EXPENSES $48,639,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,798,287	$51,463,127	+0.0%
Expenses	$48,639,124	$50,362,042	0.0%
Net Income	$5,159,163	$1,101,085	+3.7%

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

N/A

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

$133,532

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACY TAYLOR	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
ANDREW NORRIS	TREASURER	1.00	Officer Director	$0	$0	$0
MICAH SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY SIMONE	SCHOOL LEADER	40.00	Officer	$121,444	$12,088	$133,532

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	No data	No data	No data	No data
2024	$53,798,287	$48,639,124	$16,283,404	$5,159,163
2023	$51,463,127	$50,362,042	$15,100,761	$1,101,085
2022	$51,647,186	$48,611,258	$12,225,551	$3,035,928
2021	$47,254,530	$47,308,571	$10,482,151	$-54,041
2020	$35,771,655	$35,714,965	$8,539,900	$56,690
2019	$34,341,237	$34,347,762	$11,317,314	$-6,525
2018	$29,975,144	$29,954,803	$12,538,584	$20,341

INDIANA ONLINE LEARNING OPTIONS INC