PHALEN LEADERSHIP ACADEMY - INDIANA (EIN 364729586) - 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

EARL MARTIN PHALEN

Phone

3173336980

Tax Period

2024-07-01 to 2025-06-30

PHALEN LEADERSHIP ACADEMY - INDIANA, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $51.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $46.4M left a modest 10% surplus.

Mission

TO ENSURE EACH SCHOLAR ENROLLED MEETS HIGH ACADEMIC AND SOCIAL STANDARDS, AND THRIVES AS LEADERS AT HOME, IN THEIR COMMUNITIES, AND IN THE WORLD. THE ULTIMATE GOAL IS THAT EACH SCHOLAR MASTER KEY ACADEMIC SKILLS AND DEMONSTRATE STRONG CHARACTER, AS EXHIBITED BY: HONESTY, SERVICE TO OTHERS, A SUPERIOR WORK ETHIC, AND A STRONG VISION FOR AND BELIEF IN THEIR FUTURES.

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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 $50,013,127

Program Service Revenue $1,209,549

Investment Income $124,756

Other Revenue $0

TOTAL REVENUE $51,347,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,951,273

Fundraising Expenses $0

Program Expenses $37,332,912

Other Expenses $16,453,312

TOTAL EXPENSES $46,404,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,347,432	$46,116,736	+0.1%
Expenses	$46,404,585	$44,343,291	+0.0%
Net Income	$4,942,847	$1,773,445	+1.8%

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

462

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

$180,045

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTOPHER KINGERY	DIRECTOR	1.00	Director	$0	$0	$0
MARLIN JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
EARL MARTIN PHALEN	DIRECTOR/CEO	1.00	Officer Director	$0	$0	$0
JIM PHALEN	DIRECTOR/TREASURER	1.00	Director	$0	$0	$0
DR FERNANDO REIMERS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE FAMA	REGIONAL DIRECTOR	40.00	Officer	$169,491	$10,554	$180,045
TORA TOWNSEND	PRINCIPAL	40.00	Highest	$130,759	$10,554	$141,313
LAWRENCE COURTNEY	ELEMENTARY ED	40.00	Highest	$146,137	$16,606	$162,743
LADONNA BIEVENS	EXECUTIVE DIRECTOR	40.00	Highest	$145,346	$0	$145,346
CRISSY FRANCO	VP OF CAREER & TEACH EDUCATION	40.00	Highest	$137,240	$19,345	$156,585
JOANN GAMA	CHEIF HUMAN ASSET OFFICER	40.00	Highest	$215,133	$1,556	$216,689

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	$51,347,432	$46,404,585	$32,089,494	$4,942,847
2024	$46,116,736	$44,343,291	$33,462,693	$1,773,445
2023	$46,371,047	$47,082,345	$29,834,358	$-711,298
2022	$39,570,152	$36,626,589	$22,278,820	$2,943,563
2021	$31,079,119	$28,596,434	$19,837,313	$2,482,685
2020	$20,539,624	$20,372,782	$16,093,427	$166,842
2019	$17,900,812	$15,583,755	$12,354,812	$2,317,057
2018	$14,086,529	$14,590,344	$10,378,880	$-503,815

PHALEN LEADERSHIP ACADEMY - INDIANA