Illumination Education Inc (EIN 273742915) - 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

2010

Legal Domicile

Principal Officer

Stephanie Love

Phone

8172007299

Tax Period

2023-01-01 to 2023-06-30

Illumination Education Inc, founded in 2010, is a small nonprofit in the Education sector that reported $392K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $706K exceeded revenue, resulting in a 80% operating deficit.

Mission

A creative arts public charter school for 6-12th grade students in Fort Worth, TX.

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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 (2023)

Revenue Breakdown

Contributions & Grants $501,590

Program Service Revenue $0

Investment Income $-110,000

Other Revenue $0

TOTAL REVENUE $391,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,314

Fundraising Expenses $0

Program Expenses $319,940

Other Expenses $514,002

TOTAL EXPENSES $706,316

Year-over-Year Comparison

	2023	2022	Change
Revenue	$391,590	$736,769	-0.5%
Expenses	$706,316	$229,932	+2.1%
Net Income	$-314,726	$506,837	-1.6%

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

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
Stacy Marshall	Chair	3.00	Officer Director	$0	$0	$0
Krista Franklin	Secretary	3.00	Officer Director	$0	$0	$0
Serge Francois	Director	3.00	Director	$0	$0	$0
Crystal Gayden	Director	3.00	Director	$0	$0	$0
Sergio Gonzalez	Director	3.00	Director	$0	$0	$0
David Howard	Director	3.00	Director	$0	$0	$0
Monique Winfree	Director	3.00	Director	$0	$0	$0
Stephanie Love	Superintendent	40.00	Officer	$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
2023	$391,590	$706,316	$330,654	$-314,726
2022	$736,769	$229,932	$509,775	$506,837

Illumination Education Inc