Idaho STEM Academy Inc Bingham Academy (EIN 274587929) - 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

2012

Legal Domicile

Principal Officer

Michael Grenfell

Phone

2085574003

Tax Period

2024-07-01 to 2025-06-30

Idaho STEM Academy Inc Bingham Academy, founded in 2012, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 13% surplus.

Mission

Public Education.

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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 $1,583,186

Program Service Revenue $0

Investment Income $753

Other Revenue $0

TOTAL REVENUE $1,583,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,094,717

Fundraising Expenses $0

Program Expenses $1,242,262

Other Expenses $290,756

TOTAL EXPENSES $1,385,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,583,939	$1,369,769	+0.2%
Expenses	$1,385,473	$1,812,562	-0.2%
Net Income	$198,466	$-442,793	-1.4%

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

$95,274

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad Harris	Administrator	40.00	Officer	$84,250	$11,024	$95,274
Tara Pagan	Member	1.00	Director	$0	$0	$0
David Beard	Sec/Treas	1.00	Officer Director	$0	$0	$0
Michael Grenfell	Chair	1.00	Officer Director	$0	$0	$0
Elizabeth Frederick	Vice Chair	1.00	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	$1,583,939	$1,385,473	$209,555	$198,466
2024	$1,369,769	$1,812,562	$862,610	$-442,793
2023	$1,654,401	$1,673,485	$1,209,488	$-19,084
2022	$1,494,960	$1,379,564	$1,370,638	$115,396
2021	$1,725,951	$1,673,900	$821,579	$52,051
2020	$1,695,371	$1,513,916	$597,932	$181,455
2019	$1,620,102	$1,647,851	$452,654	$-27,749

Idaho STEM Academy Inc Bingham Academy