THE INDEPENDENCE ACADEMY OF INDIANA INC (EIN 261682732) - 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

2008

Legal Domicile

Principal Officer

TIM PETERSON

Phone

3179260043

Tax Period

2024-08-01 to 2025-07-31

THE INDEPENDENCE ACADEMY OF INDIANA INC, founded in 2008, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 42% operating margin.

Mission

EDUCATE STUDENTS WITH HIGH FUNCTIONING AUTISM AND ASPERGERS SO THEY MAY ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE AND ACADEMIC SUCCESS.

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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 $438,907

Program Service Revenue $1,735,058

Investment Income $205,021

Other Revenue $169,344

TOTAL REVENUE $2,548,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $929,047

Fundraising Expenses $0

Program Expenses $1,061,751

Other Expenses $556,010

TOTAL EXPENSES $1,485,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,548,330	$1,819,769	+0.4%
Expenses	$1,485,057	$1,534,250	0.0%
Net Income	$1,063,273	$285,519	+2.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB HAGEBOECK	BOARD MEMBER	2.00	Director	$0	$0	$0
GORDON HOMES	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN HUBER	BOARD MEMBER	5.00	Director	$0	$0	$0
KERRI JOHNSON	BOARD MEMBER	15.00	Director	$0	$0	$0
TARRYN REEVES JOINER	BOARD MEMBER	5.00	Director	$0	$0	$0
KYLE MCDERMONT	BOARD MEMBER	5.00	Director	$0	$0	$0
TIM PETERSON	PRESIDENT	2.00	Director	$0	$0	$0
SIMONE RAGAUD	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLI WILSON	BOARD MEMBER	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	$2,548,330	$1,485,057	$6,023,642	$1,063,273
2024	$1,819,769	$1,534,250	$5,080,946	$285,519
2023	$1,291,703	$1,218,143	$4,630,396	$73,560
2022	$1,563,055	$930,485	$4,765,125	$632,570
2021	$757,808	$601,333	$1,275,760	$156,475
2020	$827,788	$654,925	$956,499	$172,863
2019	$603,252	$546,504	$757,513	$56,748

THE INDEPENDENCE ACADEMY OF INDIANA INC