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 Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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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.

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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%)

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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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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

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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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