INCARNATE WORD ACADEMY (EIN 430893321) - 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

1932

Legal Domicile

Principal Officer

Sharon Gerken

Phone

3147255850

Tax Period

2024-07-01 to 2025-06-30

INCARNATE WORD ACADEMY, founded in 1932, is a community nonprofit in the Education sector that reported $5.9M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $6.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO CHALLENGE YOUNG WOMEN OF FAITH TO ACHIEVE THEIR GOD-GIVEN POTENTIAL AS ACADEMICALLY SUCCESSFUL WOMEN OF THE WORD, FOLLOWING THE EXAMPLE OF JESUS, THE INCARNATE WORD, PROMOTING HUMAN DIGNITY, THEREBY EMPOWERING THEMSELVES AND OTHERS TO MAKE A POSITIVE IMPACT ON OUR WORLD.

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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 $1,550,148

Program Service Revenue $4,035,696

Investment Income $248,336

Other Revenue $111,723

TOTAL REVENUE $5,945,903

Expense Breakdown

Grants Paid $1,120,540

Salaries & Benefits $3,713,780

Fundraising Expenses $287,143

Program Expenses $5,191,977

Other Expenses $1,853,405

TOTAL EXPENSES $6,687,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,945,903	$6,329,553	-0.1%
Expenses	$6,687,725	$6,455,427	+0.0%
Net Income	$-741,822	$-125,874	+4.9%

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

101

Volunteers

350

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

Total Directors

Key Employees

$120,692

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Herb Ehrhard	Officer - Chairperson	0.00	Officer Director	$0	$0	$0
Mark Ponder	Treasurer	0.00	Officer Director	$0	$0	$0
Kari Schmidt	Secretary	0.00	Officer Director	$0	$0	$0
Tracy Reiter	Vice-President	0.00	Officer Director	$0	$0	$0
Fred Falker	Director	0.00	Director	$0	$0	$0
Jason Ramthun	Director	0.00	Director	$0	$0	$0
Brian Roberts	Director	0.00	Director	$0	$0	$0
Candice Wayne	Director	0.00	Director	$0	$0	$0
Natalie Meyer	Director	0.00	Director	$0	$0	$0
Patty Senft	Director	0.00	Director	$0	$0	$0
Sr Margaret Snyder	Director	0.00	Director	$0	$0	$0
Kurt Bruenning	Director	0.00	Director	$0	$0	$0
Steve Slapshak	Director	0.00	Director	$0	$0	$0
John Heithaus	Director	0.00	Director	$0	$0	$0
Sharon Gerken	President	40.00	Highest	$143,152	$15,516	$158,668
Lauren Keeven	Principal	40.00	Key Emp	$107,330	$13,362	$120,692

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	$5,945,903	$6,687,725	$12,738,870	$-741,822
2024	$6,329,553	$6,455,427	$13,200,443	$-125,874
2023	$6,726,902	$6,298,068	$11,411,351	$428,834
2022	$6,840,436	$6,106,606	$10,649,383	$733,830
2021	$8,058,255	$6,346,444	$9,765,620	$1,711,811
2020	$5,865,512	$5,850,183	$8,119,639	$15,329
2019	$5,656,994	$5,503,066	$7,431,964	$153,928

INCARNATE WORD ACADEMY