IVY ACADEMY INC

EIN: 261533313 501(c)(3) Education

SODDY DAISY, TN

Total Revenue
$7,096,380
Total Expenses
$7,245,101
Total Assets
$9,653,578
Net Assets
$2,855,052
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
TN
Principal Officer
HOLLY SLATER
Phone
4233057494
Tax Period
2024-07-01 to 2025-06-30

IVY ACADEMY INC, founded in 2007, is a community nonprofit in the Education sector that reported $7.1M in total revenue in fiscal year 2024.

Mission

PROVIDE A QUALITY EDUCATIONAL PROGRAM TO PREPARE STUDENTS TO POSITIVELY INFLUENCE SOCIETY & NATURE.

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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 $224,554
Program Service Revenue $6,824,005
Investment Income $27,496
Other Revenue $20,325
TOTAL REVENUE $7,096,380

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,197,426
Fundraising Expenses $48,000
Program Expenses $6,812,462
Other Expenses $1,999,675
TOTAL EXPENSES $7,245,101

Year-over-Year Comparison

2024 2023 Change
Revenue $7,096,380 $6,849,898 +0.0%
Expenses $7,245,101 $6,719,463 +0.1%
Net Income $-148,721 $130,435 -2.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
137
Volunteers
100

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
5
$107,528
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COL HUGH ENICKS PRESIDENT 1.00
Officer Director
$0 $0 $0
SANDY PRICER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
EVELYN HENDERSON SECRETARY 1.00
Officer Director
$0 $0 $0
STEPHEN THOMAS TREASURER 1.00
Officer Director
$0 $0 $0
DANIEL BASHAM BOARD DIRECTOR 1.00
Director
$0 $0 $0
DR DAWN FORD BOARD DIRECTOR 1.00
Director
$0 $0 $0
DEAN MOSES BOARD DIRECTOR 1.00
Director
$0 $0 $0
LEE PRITCHARD BOARD DIRECTOR 1.00
Director
$0 $0 $0
TYLER YORK BOARD DIRECTOR 1.00
Director
$0 $0 $0
JOE PRICER BOARD DIRECTOR 1.00
Director
$0 $0 $0
HOLLY SLATER EXECUTIVE DIRECTOR 40.00
Officer
$107,528 $0 $107,528
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 $7,096,380 $7,245,101 $9,653,578 $-148,721
2024 $6,849,898 $6,719,463 $9,069,555 $130,435
2023 $6,077,953 $5,317,439 $8,789,795 $760,514
2022 $5,138,549 $4,905,645 $8,715,210 $232,904
2021 $4,770,605 $4,127,442 $6,829,733 $643,163
2020 $4,157,067 $3,728,035 $6,435,214 $429,032
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