INDIANAPOLIS ACADEMY OF EXCELLENCE INC (EIN 453556833) - 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

2011

Legal Domicile

Principal Officer

BILL HARRIS

Phone

3176534009

Tax Period

2018-07-01 to 2019-06-30

INDIANAPOLIS ACADEMY OF EXCELLENCE INC, founded in 2011, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2018. Expenses of $2.4M exceeded revenue, resulting in a 46% operating deficit.

Mission

THE ACADEMY'S MISSION IS TO DEVELOP STUDENTS INTO CITIZENS WHO WILL BECOME THE NEXT GENERATION OF ENTREPRENEURS. WE PROVIDE A CARING AND CREATIVE ENVIRONMENT GROUNDED IN THE BELIEF OF PROMOTING THE TOTAL DEVELOPMENT OF EACH CHILD: MORAL, INTELLECTUAL, EMOTIONAL, SOCIAL, AND PHYSICAL ENABLING OUR STUDENTS TO DEVELOP STRONG CHARACTER AND BUILD STRONG COMMUNITY-BASED VALUES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $1,633,864

Program Service Revenue $2,063

Investment Income $-47,762

Other Revenue $20,568

TOTAL REVENUE $1,608,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,054,368

Fundraising Expenses $0

Program Expenses $2,010,487

Other Expenses $1,296,735

TOTAL EXPENSES $2,351,103

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,608,733	$1,492,934	+0.1%
Expenses	$2,351,103	$1,440,512	+0.6%
Net Income	$-742,370	$52,422	-15.2%

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

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

$93,308

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES GARCIA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL HARRIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEYON WHITESIDE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BLOCH	DIRECTOR	1.00	Director	$0	$0	$0
LATOYA PITTS	DIRECTOR	1.00	Director	$0	$0	$0
MARK BEEBE	DIRECTOR	1.00	Director	$0	$0	$0
AUSTIN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
TARA GUSTIN	SCHOOL DIRECTOR	40.00	Officer	$86,963	$6,345	$93,308

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
2019	$1,608,733	$2,351,103	$134,103	$-742,370
2018	$1,492,934	$1,440,512	$321,613	$52,422

INDIANAPOLIS ACADEMY OF EXCELLENCE INC