Innovation Academy West (EIN 364461370) - 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

1998

Legal Domicile

Phone

2167721340

Tax Period

2024-07-01 to 2025-06-30

Innovation Academy West, founded in 1998, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring.

Mission

Innovation Academy West is dedicated to improving the lives of its students by providing authentic learning experiences in a collaborative, nurturing environment that will build a foundation for students' success in school, at future work, and in life.

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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 $1,980,352

Program Service Revenue $0

Investment Income $23,876

Other Revenue $790

TOTAL REVENUE $2,005,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,008,018

Other Expenses $2,008,018

TOTAL EXPENSES $2,008,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,005,018	$3,982,046	-0.5%
Expenses	$2,008,018	$1,818,143	+0.1%
Net Income	$-3,000	$2,163,903	-1.0%

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

$537,568

Total Directors

$29,126

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arnell Hurt	Board Member	3.0	Director	$2,500	$0	$5,000
Crystal Turnbo	Board Member	3.0	Director	$2,500	$0	$5,000
Ebone Hardee	Board Member	3.0	Director	$2,375	$0	$4,750
Jason Clotman	Board Member	3.0	Director	$2,375	$0	$4,750
Jo-Anna Pugh-Fitzpatrick	Board Member	3.0	Director	$2,125	$0	$4,250
Kim Bogen	Board Member	3.0	Director	$2,688	$0	$5,376
The Educational Empowerment Group	Management Company	40.0	Officer	$224,839	$0	$537,568

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	$2,005,018	$2,008,018	$4,524,640	$-3,000
2024	$3,982,046	$1,818,143	$4,460,104	$2,163,903
2023	$2,436,651	$1,882,192	$2,136,241	$554,459
2022	$2,051,805	$1,471,305	$1,483,490	$580,500
2021	$1,974,284	$1,533,797	$905,944	$440,487
2018	$3,443,031	$2,834,007	$1,794,541	$609,024

Innovation Academy West