INDEPENDENCE MISSION SCHOOLS

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

GIANNA D'ANGELO

Phone

6102005100

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENCE MISSION SCHOOLS, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $36.5M in total revenue in fiscal year 2024. Expenses of $33.8M left a modest 8% surplus.

Mission

INDEPENDENCE MISSION SCHOOLS MANAGES A NETWORK OF CATHOLIC ELEMENTARY SCHOOLS THROUGH A CENTRAL OFFICE LOCATION WHICH PROVIDES SUPPORT TO ALL OF THE SCHOOLS. THE MISSION OF IMS IS TO PROVIDE SUSTAINABLE, AFFORDABLE, HIGH-QUALITY CATHOLIC EDUCATION TO NEARLY 4,000 CHILDREN OF ALL FAITHS IN UNDERSERVED URBAN NEIGHBORHOODS THROUGH A NEW MODEL OF GOVERNANCE, FUNDING, AND ACCOUNTABILITY FOR THE MEMBER SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $29,988,796 Revenue: $9,217,361

INDEPENDENCE MISSIONS SCHOOLS FIERCELY BELIEVES IN THELIFE-CHANGINGIMPACT OF CATHOLIC SCHOOL EDUCATION. THE SY24-25 WILL MARK THE 13TH YEAR FOR IMS AS AN INDEPENDENT NONPROFIT OPERATING 14...

INDEPENDENCE MISSIONS SCHOOLS FIERCELY BELIEVES IN THELIFE-CHANGINGIMPACT OF CATHOLIC SCHOOL EDUCATION. THE SY24-25 WILL MARK THE 13TH YEAR FOR IMS AS AN INDEPENDENT NONPROFIT OPERATING 14 PHILADELPHIA-AREA NEIGHBORHOOD CATHOLIC SCHOOLS COMMITTED TO STUDENTACHIEVEMENT AND GROWTH. BY CREATING HIGH-ACHIEVING, SAFE AND LOVING LEARNING ENVIRONMENTS, IMS CONTINUES TO OUTPERFORM NATIONAL AND HIGH-POVERTY LEARNING GROWTH STATISTICSIN BOTH ENGLISH LANGUAGE ARTS AND MATH. WE CONTINUE TO TRACK TOWARD THEGOALS AS OUTLINED IN THE STRATEGIC PLAN. WE PREPAREOUR STUDENTSFOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND LIFE.DONORS CONTINUE TO SHOW THEIR SUPPORT AS WE ENTER THE FINAL 6 MONTHS OF THE CAPITAL CAMPAIGN IN SUPPORT OF THE STRATEGIC PLAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,133,278

Program Service Revenue $9,187,661

Investment Income $33,473

Other Revenue $156,103

TOTAL REVENUE $36,510,515

Expense Breakdown

Grants Paid $1,217,721

Salaries & Benefits $24,464,382

Fundraising Expenses $1,351,472

Program Expenses $29,988,796

Other Expenses $7,807,094

TOTAL EXPENSES $33,751,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,510,515	$34,099,277	+0.1%
Expenses	$33,751,989	$34,700,650	0.0%
Net Income	$2,758,526	$-601,373	-5.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

580

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

$322,004

Total Directors

Key Employees

$629,522

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN MCELWEE	CHAIR	4.33	Officer Director	$0	$0	$0
KEN PHELAN	VICE CHAIR	1.38	Officer Director	$0	$0	$0
JOSEPH T STAPLETON	SECRETARY	3.92	Officer Director	$0	$0	$0
KATHLEEN FRIEL	TREASURER	3.69	Officer Director	$0	$0	$0
BILL CURTIS	BOARD MEMBER	0.38	Director	$0	$0	$0
JOHN FIGGE	BOARD MEMBER	0.23	Director	$0	$0	$0
DAVID P HARDY	BOARD MEMBER	0.23	Director	$0	$0	$0
MARIS A OGG	BOARD MEMBER	2.31	Director	$0	$0	$0
DANIEL PICKENS	BOARD MEMBER	0.23	Director	$0	$0	$0
MICHAEL PIOTROWICZ	BOARD MEMBER	2.31	Director	$0	$0	$0
MARC S RICHMAN	BOARD MEMBER	0.69	Director	$0	$0	$0
SR KAREN C DIETRICH	BOARD MEMBER	0.23	Director	$0	$0	$0
SEAN-TAMBA MATTHEW	BOARD MEMBER	0.23	Director	$0	$0	$0
MICHAEL STEPHANO	BOARD MEMBER	0.23	Director	$0	$0	$0
TOM DOUGHERTY	BOARD MEMBER	0.23	Director	$0	$0	$0
MICHAEL F YOUNG	BOARD MEMBER	1.38	Director	$0	$0	$0
FR STEVE DELACY	BOARD MEMBER	0.23	Director	$0	$0	$0
HAROLD EARLEY	BOARD MEMBER	0.77	Director	$0	$0	$0
JAMES GARVEY	BOARD MEMBER	0.46	Director	$0	$0	$0
ANTHONY CELLUCCI	BOARD MEMBER	1.38	Director	$0	$0	$0
GERALD H SWEENEY	EMERITUS DIRECTOR	0.00	Director	$0	$0	$0
RICHARD NOURIE	EMERITUS DIRECTOR	0.00	Director	$0	$0	$0
LORIE HOWLEY	EMERITUS DIRECTOR	0.00	Director	$0	$0	$0
BERNIE MCCABE	BOARD MEMBER	0.23	Director	$0	$0	$0
ROD HENKELS	BOARD MEMBER	0.46	Director	$0	$0	$0
MARTIN HELDRING	BOARD MEMBER	0.69	Director	$0	$0	$0
SEAN FLYNN	BOARD MEMBER	0.46	Director	$0	$0	$0
GIANNA D'ANGELO	PRESIDENT AND CEO	40.00	Officer	$300,200	$21,804	$322,004
JILL VALUNAS	CHIEF OF SCHOOLS	40.00	Key Emp	$219,359	$17,600	$236,959
ELIZABETH ALFONSI	CHIEF OF STAFF	40.00	Key Emp	$182,492	$15,902	$198,394
ERIN WOOLEY	CHIEF ADVANCEMENT OFFICER	40.00	Key Emp	$187,492	$6,677	$194,169
BRIAN KENNETH MORTON	DEP. CHIEF OF SCHOOL	40.00	Highest	$126,594	$17,397	$143,991

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	$36,510,515	$33,751,989	$57,585,952	$2,758,526
2024	$34,099,277	$34,700,650	$52,246,831	$-601,373
2023	$46,876,562	$32,985,292	$51,632,215	$13,891,270
2022	$38,175,969	$31,726,965	$39,191,945	$6,449,004
2021	$31,345,958	$27,839,486	$31,809,598	$3,506,472
2020	$29,105,857	$26,901,677	$29,413,076	$2,204,180
2019	$36,027,635	$32,265,456	$23,909,731	$3,762,179
2018	$30,840,888	$32,465,957	$19,301,245	$-1,625,069