INNOVATIVE EDUCATION PARTNERSHIP

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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

DON BRUCE

Phone

8654941222

Tax Period

2024-07-01 to 2025-06-30

INNOVATIVE EDUCATION PARTNERSHIP, founded in 2012, is a community nonprofit in the Education sector that reported $7.0M in total revenue in fiscal year 2024. Expenses of $6.3M left a modest 10% surplus.

Mission

ESTABLISH, MAINTAIN, OPERATE AND CONDUCT PRIMARY AND SECONDARY SCHOOLS FOR THE PURPOSE OF EDUCATING STUDENTS

Program Service Accomplishments

Program 1

Expenses: $4,753,818 Revenue: $5,946,122

ESTABLISH, MAINTAIN, OPERATE AND CONDUCT PRIMARY AND SECONDARY SCHOOLS FOR THE PURPOSE OF EDUCATING STUDENTS

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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 $693,909

Program Service Revenue $5,944,954

Investment Income $99,706

Other Revenue $234,817

TOTAL REVENUE $6,973,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,627,524

Fundraising Expenses $125,999

Program Expenses $4,753,818

Other Expenses $1,661,806

TOTAL EXPENSES $6,289,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,973,386	$6,640,271	+0.1%
Expenses	$6,289,330	$6,386,794	0.0%
Net Income	$684,056	$253,477	+1.7%

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

133

Volunteers

175

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

$145,655

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSS BRADLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA JORDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGIE NICHOLS	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN PETERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER MCNEAL	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY BOGERT	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
DON BRUCE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRIAN ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK POPE	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF WILLIAMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT BRADLEY	EXECUTIVE DIRECTOR	40.00	Officer	$145,655	$0	$145,655
KENDALL TERRY	ASSISTANT DIRECTOR	40.00	Highest	$138,500	$0	$138,500

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	$6,973,386	$6,289,330	$3,759,686	$684,056
2024	$6,640,271	$6,386,794	$2,881,505	$253,477
2023	$6,542,796	$5,852,802	$2,427,388	$689,994
2022	$5,283,927	$4,955,910	$1,869,912	$328,017
2021	$4,707,495	$5,992,127	$1,604,328	$-1,284,632
2020	$5,523,187	$4,521,548	$2,748,160	$1,001,639
2019	$3,030,545	$4,075,906	$1,765,787	$-1,045,361