IDAHO VIRTUAL EDUCATION PARTNERS INC (EIN 263814847) - 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

DAVE HIGH

Phone

2084753093

Tax Period

2021-07-01 to 2022-06-30

IDAHO VIRTUAL EDUCATION PARTNERS INC, founded in 2008, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2021. Expenses of $3.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO HARNESS THE POWER OF MODERN EDUCATIONAL TECHNOLOGY TO SERVE STUDENTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $3,080,957

Program Service Revenue $8,470

Investment Income $722

Other Revenue $101

TOTAL REVENUE $3,090,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,080,447

Fundraising Expenses $0

Program Expenses $3,504,411

Other Expenses $540,928

TOTAL EXPENSES $3,621,375

Year-over-Year Comparison

	2021	2020	Change
Revenue	$3,090,250	$3,161,795	0.0%
Expenses	$3,621,375	$2,922,748	+0.2%
Net Income	$-531,125	$239,047	-3.2%

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

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

$195,092

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HIGH	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DON READING	DIRECTOR	2.00	Director	$0	$0	$0
COLLETTE WILKES	DIRECTOR	2.00	Director	$0	$0	$0
HENRY REENTS	DIRECTOR	2.00	Director	$0	$0	$0
VICKIE MCCULLOUGH	SUPERINTENDENT	40.00	Officer	$156,147	$38,945	$195,092

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
2022	$3,090,250	$3,621,375	$2,036,199	$-531,125
2021	$3,161,795	$2,922,748	$2,697,130	$239,047
2020	$3,245,276	$2,675,147	$2,442,920	$570,129
2019	$2,644,904	$2,487,005	$1,839,902	$157,899
2018	$1,963,982	$2,147,876	$1,536,918	$-183,894

IDAHO VIRTUAL EDUCATION PARTNERS INC