INNOVATIONS ACADEMY (EIN 260418421) - 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

CHRISTINE KUGLEN

Tax Period

2023-07-01 to 2024-06-30

INNOVATIONS ACADEMY, founded in 2007, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2023.

Mission

TO TEACH STUDENTS TO POWERFULLY CREATE THEIR LIVES THROUGH SELF-EXPRESSION.

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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 $6,120,983

Program Service Revenue $0

Investment Income $118,745

Other Revenue $136,442

TOTAL REVENUE $6,376,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,628,378

Fundraising Expenses $1,183

Program Expenses $5,366,351

Other Expenses $1,832,971

TOTAL EXPENSES $6,461,349

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,376,170	$6,224,077	+0.0%
Expenses	$6,461,349	$5,560,155	+0.2%
Net Income	$-85,179	$663,922	-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

100

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

$196,313

Total Directors

$77,319

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE KUGLEN	Executive Dir.	40.00	Officer	$145,748	$50,565	$196,313
JULIA STOER	Director	40.00	Director	$61,786	$15,533	$77,319
STEPHEN ROSEN	President	2.00	Officer Director	$0	$0	$0
JENNIFER WILLIAMS	Director	2.00	Director	$0	$0	$0
DANIELLE STRACHMAN	Director	2.00	Director	$0	$0	$0
FARAZ SHARAFI	Director	2.00	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	No data	No data	No data	No data
2024	$6,376,170	$6,461,349	$5,275,527	$-85,179
2023	$6,224,077	$5,560,155	$5,474,649	$663,922
2022	$5,352,076	$4,884,705	$3,952,635	$467,371
2021	$4,275,007	$3,935,880	$3,273,360	$339,127
2020	$3,877,339	$3,539,795	$2,665,455	$337,544
2019	$4,011,869	$3,552,774	$2,280,548	$459,095
2018	$3,442,726	$3,459,053	$1,841,963	$-16,327

INNOVATIONS ACADEMY