INNOVATIVE SCHOOLS NETWORK INC

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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

HEATHER TERRILL STOTTS

Phone

6085098387

Tax Period

2019-07-01 to 2020-06-30

INNOVATIVE SCHOOLS NETWORK INC, founded in 2012, is a small nonprofit that reported $135K in total revenue in fiscal year 2019. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $151K exceeded revenue, resulting in a 12% operating deficit.

Mission

A GRASSROOTS NETWORK OF EDUCATORS CREATING AND NURTURING INNOVATIVE SCHOOLS BY SUPPORTING EACH OTHER IN DEVELOPING HIGH QUALITY, RESEARCH-BASED RESOURCES AND STRATEGIES FOR BOTH EDUCATORS AND STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $96,477 Revenue: $120,878

THE INNOVATIVE SCHOOLS NETWORK (ISN) ORGANIZED COACHING AND PROFESSIONAL DEVELOPMENT TO SCHOOLS. THE ISN HAS A RESOURCE SHARING SYSTEM THAT INCLUDES SIGNIFICANT USE OF A STATEWIDE VIDEO NETWORK FOR CLOSE COLLABORATION AND CONTINUOUS IMPROVEMENT. THE MISSION IS TO PROVIDE THE NATION'S PUBLIC SCHOOL EDUCATORS, ADMINISTRATORS, AND RELATED LEADERS WITH A NETWORK THAT BUILDS A CULTURE OF INNOVATION IN THOUGHT AND PRACTICE TO TRANSFORM LEARNING AND SCHOOLS. OUR VISION IS TO BE THE NATION'S LEADING FORCE IN INNOVATION FOR BETTER PUBLIC EDUCATION.

Program 2

Expenses: $7,383 Revenue: $13,928

DUE TO THE COVID-19 PANDEMIC, THE ANNUAL INNOVATIVE SCHOOLS NETWORK'S CONFERENCE ON EDUCATIONAL INNOVATION WAS CANCELLED. THIS EVENT NORMALLY DRAWS 300 EDUCATORS FROM ACROSS THE STATE. THE EDUCATORS SHARE BEST PRACTICES WHILE COLLABORATING AND LEARNING FROM ONE ANOTHER. INNOVATIVE SCHOOLS NETWORK IN PARTNERSHIP WITH THE WISCONSIN RESOURCE CENTER FOR CHARTER SCHOOLS HOSTED THE FIRST-EVER VIRTUAL SCHOOL DEVELOPMENT CONFERENCE IN THE STATE OF WISCONSIN IN APRIL 2020. THE ONE-DAY EVENT DREW MORE THAN 200 REGISTRANTS AND OFFERED LEARNING OPPORTUNITIES FROM PEOPLE ALL AROUND THE COUNTRY. THE EVENT WILL BE HELD AGAIN VIRTUALLY IN APRIL 2021.DUE TO THE COVID-19 PANDEMIC, THE "ARTS INTEGRATION CONFERENCE: EXPLORING AN APPROACH TO TEACHING AND THE MIDWEST ARTS INTEGRATION CONFERENCE WERE ALSO CANCELLED. THE KENNEDY CENTER ARTS INTEGRATION CONFERENCE WILL TAKE PLACE JUNE 2021 IN ARLINGTON, VA AND THE MIDWEST ARTS INTEGRATION CONFERENCE WILL TAKE PLACE JULY 2021. BOTH CONFERENCES WILL EXPLORE THE HOW OF ARTS INTEGRATION, ROOTED IN THE KENNEDY CENTER'S 40 YEARS OF EXPERIENCE IN PROFESSIONAL LEARNING FOR TEACHERS. THEY PROVIDE MANY STRATEGIES THAT CAN MAKE ARTS INTEGRATION A PART OF EVERY TEACHER'S APPROACH TO TEACHING. EACH CONFERENCE IS APPROPRIATE FOR TEACHERS, PRINCIPALS, SCHOOL DISTRICT ADMINISTRATORS, AND PARTNERING ARTS ORGANIZATION STAFF AND TEACHING ARTISTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $6

Program Service Revenue $134,806

Investment Income $37

Other Revenue $270

TOTAL REVENUE $135,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,036

Fundraising Expenses $0

Program Expenses $103,860

Other Expenses $48,196

TOTAL EXPENSES $151,232

Year-over-Year Comparison

	2019	2018	Change
Revenue	$135,119	$453,245	-0.7%
Expenses	$151,232	$341,626	-0.6%
Net Income	$-16,113	$111,619	-1.1%

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

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

$38,188

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN BRANT	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL TWEED	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANGELA ANDERSSON	TREASURER	1.00	Officer Director	$0	$0	$0
TINA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE VITALE	DIRECTOR	1.00	Director	$0	$0	$0
JON WOLOSHIN	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER TERRILL STOTTS	EXECUTIVE DIRECTOR	28.00	Officer	$38,188	$0	$38,188

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
2020	$135,119	$151,232	$89,890	$-16,113
2019	$453,245	$341,626	$131,016	$111,619
2018	$267,413	$277,932	$48,567	$-10,519