INNOVATIVE QUALITY SCHOOLS

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

JOHN SCHULTZ

Phone

6512340900

Tax Period

2024-07-01 to 2025-06-30

INNOVATIVE QUALITY SCHOOLS, founded in 2010, is a small nonprofit in the Education sector that reported $637K in total revenue in fiscal year 2024.

Mission

PLEASE SEE THE MISSION AND VISION OF INNOVATIVE QUALITY SCHOOLS (IQS) AS PREVIOUSLY STATED. DECISIONS MADE BY THE IQS BOARD ARE GUIDED BY THE FOLLOWING VALUES:1. FOCUS ON INNOVATION- TAKE RISKS TO TRY CREATIVE NEW THINGS, CHALLENGE OLD PROCESSES, AND CONTINUOUSLY ADAPT.2. ORGANIZE FOR EDUCATIONAL EXCELLENCE- COMMIT TO ACHIEVING OUR VISION, MISSION AND GOALS THROUGH THE CONTINUAL ASSESSMENT OF OUR WORK AND ACTING UPON RESULTS TO IMPROVE OUR PERFORMANCE. 3. COMMIT TO COLLABORATION- BE INTERDEPENDENT, HAVE AN OPEN FLOW OF IDEAS, LISTEN TO OTHERS, VALUE DIFFERENCES, AND CHALLENGE OUR OWN ASSUMPTIONS. 4. ENSURE ACCOUNTABILITY- UTILIZE FAIR AND RIGOROUS PROCEDURES IN THE AUTHORIZATION AND EVALUATION OF SCHOOLS IN OUR PORTFOLIO. 5. PROMOTE EQUITY, DIVERSITY, AND INCLUSION- SUPPORT INITIATIVES THAT PROMOTE EDUCATIONAL EQUITY AND OPPORTUNITY, AND SEEK DIVERSITY IN ORGANIZATIONAL REPRESENTATIVES

Program Service Accomplishments

Program 1

Expenses: $596,799 Revenue: $636,404

INNOVATIVE QUALITY SCHOOLS IS A LEADER IN AUTHORIZING MINNESOTA CHARTER SCHOOLS, BOTH IN MINNEAPOLIS/SAINT PAUL AND GREATER MINNESOTA. DURING FISCAL YEAR 2025, INNOVATIVE QUALITY SCHOOLS AUTHORIZED THIRTY-ONE CHARTER SCHOOLS ENGAGED IN EDUCATION INNOVATION, SERVING OVER 8,000 STUDENTS. ALIGNED WITH THE ORGANIZATION'S MISSION, INNOVATIVE QUALITY SCHOOLS OFFERED OVER $15,000 IN GRANTS TO AUTHORIZED SCHOOLS IN SUPPORT EARLY LITERACY, EDUCATIONAL EQUITY, AND INNOVATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $636,404

Investment Income $254

Other Revenue $0

TOTAL REVENUE $636,658

Expense Breakdown

Grants Paid $15,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $596,799

Other Expenses $616,243

TOTAL EXPENSES $631,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$636,658	$648,812	0.0%
Expenses	$631,493	$623,484	+0.0%
Net Income	$5,165	$25,328	-0.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHONDA DEAN	DIRECTOR	1.50	Director	$0	$0	$0
KATIE PEKEL	DIRECTOR	1.50	Director	$0	$0	$0
BENNICE YOUNG	DIRECTOR	1.50	Director	$0	$0	$0
ROBIN MANTHIE	DIRECTOR	1.50	Director	$0	$0	$0
KRISTIN NIELSON	DIRECTOR	1.50	Director	$0	$0	$0
TASH VAN LIESHOUT	DIRECTOR	1.50	Director	$0	$0	$0
HABEN GHEBREGERGISH	SECRETARY	1.50	Officer Director	$0	$0	$0
JOHN SCHULTZ	TREASURER	3.00	Officer Director	$0	$0	$0
HOLLY DAYTON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
STEVE KELLEY	CHAIR	2.00	Officer 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	$636,658	$631,493	$436,431	$5,165
2024	$648,812	$623,484	$358,049	$25,328
2023	$610,219	$627,499	$358,447	$-17,280
2022	$603,324	$557,083	$388,465	$46,241
2021	$513,142	$464,785	$327,339	$48,357
2020	$455,295	$416,671	$253,981	$38,624
2019	$408,347	$419,838	$225,694	$-11,491
2018	$417,907	$390,234	$254,642	$27,673