INDIANA MATH & SCIENCE ACADEMY NORTH INDIANAPOLIS INC

EIN: 272184783 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$10,130,802
Total Expenses
$10,115,493
Total Assets
$15,608,854
Net Assets
$2,080,476
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
IN
Principal Officer
JIM SPARKS
Phone
3172597300
Tax Period
2024-07-01 to 2025-06-30

INDIANA MATH & SCIENCE ACADEMY NORTH INDIANAPOLIS INC, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $10.1M in total revenue in fiscal year 2024.

Mission

TO PREPARE STUDENTS FOR COLLEGE BY CREATING AN EFFECTIVE LEARNING COMMUNITY OF HIGHER STANDARDS AND EXPECTATIONS WITH A RIGOROUS CURRICULUM FOCUSING ON SCIENCE, MATH, AND TECHNOLOGY.

Program Service Accomplishments

Program 1
Expenses: $7,707,293 Revenue: $190,753

OUR SCHOOL OFFERED AN ACADEMIC PROGRAM AIMED AT PROVIDING A COMPREHENSIVE AND NURTURING EDUCATIONAL ENVIRONMENT FOR STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE AND TO FOSTER ACADEMIC EXCELLENCE...

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OUR SCHOOL OFFERED AN ACADEMIC PROGRAM AIMED AT PROVIDING A COMPREHENSIVE AND NURTURING EDUCATIONAL ENVIRONMENT FOR STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE AND TO FOSTER ACADEMIC EXCELLENCE, PERSONAL GROWTH, AND SOCIAL DEVELOPMENT. THROUGH A RIGOROUS CURRICULUM, DEDICATED EDUCATORS, AND A SUPPORTIVE COMMUNITY, WE STRIVE TO EQUIP STUDENTS WITH ESSENTIAL KNOWLEDGE, CRITICAL THINKING SKILLS, AND VALUES THAT WILL PREPARE THEM FOR SUCCESS IN HIGHER EDUCATION AND IN LIFE.CLIENTS SERVED: 680 STUDENTS IN GRADES K-12.DURATION: PROVIDED THROUGHOUT THE ACADEMIC YEAR, CONSISTING OF 30-WEEK SESSIONS.ACTIVITIES: CONDUCTED DAILY LESSONS AND INTERACTIVE LEARNING ACTIVITIES, RESULTING IN AN AVERAGE 5% IMPROVEMENT IN STANDARDIZED TEST SCORES.

Program 2

SUMMER ENRICHMENT PROGRAM:OBJECTIVE: OUR SCHOOL OFFERED AN ACADEMIC ENRICHMENT PROGRAM AIMED AT IMPROVING STUDENTS' CORE SKILLS IN MATH AND LANGUAGE ARTS.CLIENTS SERVED: APPROXIMATELY 150 STUDENTS...

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SUMMER ENRICHMENT PROGRAM:OBJECTIVE: OUR SCHOOL OFFERED AN ACADEMIC ENRICHMENT PROGRAM AIMED AT IMPROVING STUDENTS' CORE SKILLS IN MATH AND LANGUAGE ARTS.CLIENTS SERVED: APPROXIMATELY 150 STUDENTS, PARENTS, AND COMMUNITY MEMBERS.DURATION: DURING SUMMER BREAK, FROM JUNE TO MID JULY.ACTIVITIES: CONDUCTED DAILY MATH AND ELA LESSONS, TUTORING SESSIONS, AND INTERACTIVE LEARNING ACTIVITIES

Program 3

STEAM EXTRACURRICULAR PROGRAM:OBJECTIVE: OFFERED A SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH (STEAM) PROGRAM TO PROMOTE HANDS-ON LEARNING AND CREATIVITY.CLIENTS SERVED: 680 STUDENTS IN GRADES...

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STEAM EXTRACURRICULAR PROGRAM:OBJECTIVE: OFFERED A SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH (STEAM) PROGRAM TO PROMOTE HANDS-ON LEARNING AND CREATIVITY.CLIENTS SERVED: 680 STUDENTS IN GRADES K-12.DURATION: TWO SEMESTERS.ACTIVITIES: CONDUCTED WEEKLY STEAM LESSONS, INCLUDING ROBOTICS, CODING, AND ART PROJECTS, RESULTING IN A 20% INCREASE IN STUDENT INTEREST IN STEAM-RELATED SUBJECTS

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,815,922
Program Service Revenue $26,674
Investment Income $124,127
Other Revenue $164,079
TOTAL REVENUE $10,130,802

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,542,882
Fundraising Expenses $0
Program Expenses $7,707,293
Other Expenses $4,572,611
TOTAL EXPENSES $10,115,493

Year-over-Year Comparison

2024 2023 Change
Revenue $10,130,802 $10,381,496 0.0%
Expenses $10,115,493 $10,447,247 0.0%
Net Income $15,309 $-65,751 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
121
Volunteers
25

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
5
$105,457
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA GARRETT PRINCIPAL 40.00
Officer
$94,736 $10,721 $105,457
JIM SPARKS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
DANIEL PIERSON VICE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
BERNICE VALENTINE-WATTS ACD. EXCELLENCE COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
TOBY MILLER FINANCE CHAIR 1.00
Officer Director
$0 $0 $0
NIKOLA L COLEMAN MEMBER 1.00
Director
$0 $0 $0
CHARISE FRAZIER MEMBER 1.00
Director
$0 $0 $0
NESTOR PEREZ MEMBER 1.00
Director
$0 $0 $0
ALONZO ROSS MEMBER 1.00
Director
$0 $0 $0
JAZMIN SANDERS MEMBER 1.00
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 $10,130,802 $10,115,493 $15,608,854 $15,309
2024 $10,381,496 $10,447,247 $16,146,470 $-65,751
2023 $10,259,590 $9,917,881 $16,139,374 $341,709
2022 $9,488,343 $9,199,254 $15,463,931 $289,089
2021 $9,108,480 $7,926,169 $2,378,920 $1,182,311
2020 $7,097,631 $6,964,468 $1,925,091 $133,163
2019 $6,569,890 $6,540,093 $855,306 $29,797
2018 $6,100,631 $6,234,136 $728,119 $-133,505
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