IELTS INC (EIN 330970260) - 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

2001

Legal Domicile

Principal Officer

ARIEL FOSTER

Phone

3232552771

Tax Period

2024-01-01 to 2024-12-31

IELTS INC, founded in 2001, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $4.6M exceeded revenue, resulting in a 50% operating deficit.

Mission

TO ASSIST EDUCATIONAL INSTITUTIONS AT THE POST SECONDARY LEVEL IN EVALUATING THE ENGLISH LANGUAGE CAPABILITY OF CANDIDATES FOR ADMISSION AND TO PROVIDE EDUCATIONAL RESOURCES CONCERNING THE INSTRUCTION OF ENGLISH AS A FOREIGN LANGUAGE.

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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 $555,000

Program Service Revenue $2,501,150

Investment Income $2,424

Other Revenue $0

TOTAL REVENUE $3,058,574

Expense Breakdown

Grants Paid $12,500

Salaries & Benefits $2,540,984

Fundraising Expenses $0

Program Expenses $3,036,660

Other Expenses $2,026,278

TOTAL EXPENSES $4,579,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,058,574	$3,443,171	-0.1%
Expenses	$4,579,762	$5,059,017	-0.1%
Net Income	$-1,521,188	$-1,615,846	-0.1%

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

$301,707

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA BAXTER	DIRECTOR, SECRETARY (AS OF 05/2024)	2.00	Director	$0	$0	$0
CHRISTINE NUTTALL	DIRECTOR, SECRETARY (THRU 02/2024)	2.00	Director	$0	$0	$0
STEVEN MILLER	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN CAREY	DIRECTOR	2.00	Director	$0	$0	$0
WARWICK FREELAND	DIRECTOR	2.00	Director	$0	$0	$0
GREG SELBY	DIRECTOR (AS OF 04/2024)	2.00	Director	$0	$0	$0
CARL RYHMER	DIRECTOR (THRU 04/2024)	2.00	Director	$0	$0	$0
MURRAY WALTON	DIRECTOR	2.00	Director	$0	$0	$0
MARK WALKER	DIRECTOR	2.00	Director	$0	$0	$0
FRANCESCA WOODWARD	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW MACKENZIE	DIRECTOR	2.00	Director	$0	$0	$0
ARIEL FOSTER	CEO/EXECUTIVE DIRECTOR	40.00	Officer	$265,940	$35,767	$301,707
AMANDA GRACE	SENIOR DIRECTOR	40.00	Highest	$149,120	$38,048	$187,168
KATHRYN MCKEEN	DIRECTOR, OPERATIONS & HR	40.00	Highest	$139,077	$18,643	$157,720
SABA AHMED	DIRECTOR, COMPLIANCE & OPERATIONS	40.00	Highest	$112,102	$16,980	$129,082
JENNIFER KNEIPP	SENIOR MARKETING MANAGER	40.00	Highest	$102,029	$19,821	$121,850

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
2024	$3,058,574	$4,579,762	$1,795,575	$-1,521,188
2023	$3,443,171	$5,059,017	$3,822,224	$-1,615,846
2022	$3,273,106	$4,777,619	$5,281,049	$-1,504,513
2021	$6,329,135	$5,956,519	$6,213,463	$372,616
2020	$4,379,207	$5,287,273	$7,161,733	$-908,066
2019	$10,162,314	$9,951,777	$8,043,904	$210,537
2018	$9,211,021	$7,539,318	$7,509,881	$1,671,703

IELTS INC