INNOVATION ACADEMY (EIN 300809426) - 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

2014

Legal Domicile

Phone

7023009287

Tax Period

2025-01-01 to 2025-12-31

INNOVATION ACADEMY, founded in 2014, is a small nonprofit in the Education sector that reported $668K in total revenue in fiscal year 2025.

Mission

OUR FOCUS IS TO ENSURE THAT EVERY CHILD ATTAINS ACADEMIC AND LIFE SUCCESS AND MASTERY. OUR APPROACH TO EDUCATION IS TO PROVIDE WELL-ROUNDED ACADEMICS, WHILE ALSO INSTILLING VALUES AND CULTIVATING A LIFELONG DESIRE TO LEARN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $668,399

Investment Income $0

Other Revenue $0

TOTAL REVENUE $668,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $461,081

Fundraising Expenses $0

Program Expenses $517,928

Other Expenses $180,898

TOTAL EXPENSES $657,456

Year-over-Year Comparison

	2025	2024	Change
Revenue	$668,399	N/A	N/A
Expenses	$657,456	N/A	N/A
Net Income	$10,943	N/A	N/A

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

N/A

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

$275,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY M BRAY	CHAIRPERSON	40.00	Officer	$275,000	$0	$275,000

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	$668,399	$657,456	$329,394	$10,943
2024	$639,171	$686,120	$318,451	$-46,949
2023	$802,808	$674,542	$365,398	$128,266
2022	$682,434	$475,686	$237,132	$206,748
2021	$531,431	$270,949	$215,147	$260,482
2021	$593,163	$270,949	$276,879	$322,214

INNOVATION ACADEMY