Indiana Association of Christian Schools Inc (EIN 264413059) - 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

2009

Legal Domicile

Principal Officer

Charles R Phelps Jr

Phone

3179221676

Tax Period

2024-07-01 to 2025-06-30

Indiana Association of Christian Schools Inc, founded in 2009, is a small nonprofit in the Religion sector that reported $151K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

IACS is a Christian ministry that exists to promote education in private schools through the dissemination of information and coordinated academic, music, and sports competition.

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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 $0

Program Service Revenue $146,012

Investment Income $5,226

Other Revenue $0

TOTAL REVENUE $151,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,701

Fundraising Expenses $0

Program Expenses $129,048

Other Expenses $83,826

TOTAL EXPENSES $160,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,238	$173,883	-0.1%
Expenses	$160,527	$148,279	+0.1%
Net Income	$-9,289	$25,604	-1.4%

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

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

$2,000

Total Directors

$2,000

Key Employees

$58,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
P Kevin Suiter	Executive Director	30.00	Key Emp	$58,000	$0	$58,000
Charles R Phelps Jr	President	1.00	Officer Director	$1,000	$0	$1,000
Lee Atkinson	Vice President	1.00	Officer Director	$0	$0	$0
John Allen	Secretary	1.00	Officer Director	$500	$0	$500
Kenny Roll	Treasurer	3.00	Officer Director	$500	$0	$500
Rory Bond	Director	0.00	Director	$0	$0	$0
Matt Elliott	Director	0.00	Director	$0	$0	$0
Stephen Carlson	Director	0.00	Director	$0	$0	$0
Daniel Stevens	Director	0.00	Director	$0	$0	$0
Jeremy Wilhelm	Director	0.00	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	$151,238	$160,527	$181,360	$-9,289
2024	No data	No data	No data	No data

Indiana Association of Christian Schools Inc