IMPACT ACADEMY OF TALLAHASSEE INC (EIN 271432560) - 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

KEVIN KOLKA

Phone

8503256301

Tax Period

2024-07-01 to 2025-06-30

IMPACT ACADEMY OF TALLAHASSEE INC, founded in 2009, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 4% surplus.

Mission

TO PROVIDE AN EDUCATIONAL AND DEVELOPMENTAL ENVIRONMENT, PRIMARILY FOR CHILDREN WITH SPECIAL NEEDS, THAT OFFERS AN ACADEMIC AND SOCIAL PROGRAM,. THE PRIMARY FUNCTION OF ACADEMY IS THE PRESENTATION OF FORMAL INSTRUCTION AND ALTERNATIVE EDUCATIONAL SOLUTIONS.

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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 $18,800

Program Service Revenue $1,079,891

Investment Income $5,207

Other Revenue $2,156

TOTAL REVENUE $1,106,054

Expense Breakdown

Grants Paid $3,782

Salaries & Benefits $634,299

Fundraising Expenses $0

Program Expenses $873,180

Other Expenses $420,958

TOTAL EXPENSES $1,059,039

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,106,054	$1,000,392	+0.1%
Expenses	$1,059,039	$848,717	+0.2%
Net Income	$47,015	$151,675	-0.7%

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

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

$42,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA PAUL	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER PRITT	PRESIDENT	2.00	Officer Director	$0	$0	$0
AMY JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA SHEFFIELD	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN KOLKA	EXECUTIVE DIRECTOR	20.00	Officer	$42,000	$0	$42,000

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	$1,106,054	$1,059,039	$811,571	$47,015
2024	$1,000,392	$848,717	$985,256	$151,675
2023	$879,509	$893,794	$715,609	$-14,285
2022	$412,592	$415,634	$708,434	$-3,042
2021	$854,628	$750,020	$708,731	$104,608
2020	$788,599	$648,644	$282,769	$139,955

IMPACT ACADEMY OF TALLAHASSEE INC