INGENUITY PREP (EIN 455054392) - 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

2012

Legal Domicile

Principal Officer

WILLIAM STOETZER

Phone

2025620391

Tax Period

2024-07-01 to 2025-06-30

INGENUITY PREP, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $27.2M in total revenue in fiscal year 2024. Expenses of $25.6M left a modest 6% surplus.

Mission

INGENUITY PREP PUBLIC CHARTER SCHOOL WAS FORMED TO PREPARE STUDENTS TO SUCCEED IN COLLEGE AND BEYOND AS IMPACTFUL CIVIIC LEADERS.

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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 $3,631,383

Program Service Revenue $23,211,125

Investment Income $228,278

Other Revenue $164,864

TOTAL REVENUE $27,235,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,394,070

Fundraising Expenses $235,181

Program Expenses $23,275,585

Other Expenses $9,136,623

TOTAL EXPENSES $25,626,893

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,235,650	$26,459,798	+0.0%
Expenses	$25,626,893	$24,422,674	+0.0%
Net Income	$1,608,757	$2,037,124	-0.2%

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

231

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

$431,369

Total Directors

$222,138

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERRICK MASHORE	CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL BERN	SECRETARY	2.00	Officer Director	$0	$0	$0
EVELYN LEE	TREASURER	2.00	Officer Director	$0	$0	$0
YESIM SAYIN	BOARD MEMBER	2.00	Director	$0	$0	$0
VANCE GRAGG	BOARD MEMBER	2.00	Director	$0	$0	$0
DE-LEA DEANE-ALLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
KENDRA BARLOW	BOARD MEMBER	2.00	Director	$0	$0	$0
FRED WALLS	BOARD MEMBER	2.00	Director	$0	$0	$0
LATOYA MATHEWS	BOARD MEMBER	2.00	Director	$0	$0	$0
DERRICK COLBERT	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICIA RICHARDSON - OUTGOING	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANKIE BROWN - OUTGOING	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KELEIGH MONTGOMERY - OUTGOING	SECRETARY	2.00	Officer Director	$0	$0	$0
WILLIAM STOETZER - CHIEF	EXECUTIVE OF	40.00	Officer Director	$202,216	$19,922	$222,138
ASHLEY HIGH - CHIEF FINANCIAL	OPERATIONS O	40.00	Officer	$100,221	$7,614	$107,835
BENJAMIN JOHNSON - CHIEF	ACADEMIC OFF	40.00	Highest	$162,226	$12,124	$174,350
LASHAWNDRA THORNTON - CHIEF	TALENT OFFIC	40.00	Highest	$162,220	$21,128	$183,348
DAVIAN MORGAN - MIDDLE SCHOOL	ACADEMY PRIN	40.00	Highest	$137,602	$11,589	$149,191
KATHERINE O'CONNER - ELEMENTARY	SCHOOL PRINC	40.00	Highest	$141,723	$11,825	$153,548
ALTESHA ERVIN - CHIEF OF STUDENT	SUPPORT AND	40.00	Highest	$148,839	$13,733	$162,572
ASHANTI HERNDON - OUTGOING	CFOO	40.00	Officer	$93,634	$7,762	$101,396

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	$27,235,650	$25,626,893	$33,366,587	$1,608,757
2024	No data	No data	No data	No data
2023	$25,128,237	$21,784,236	$10,482,925	$3,344,001
2022	$21,090,575	$20,504,071	$7,016,769	$586,504
2021	$17,892,639	$16,752,947	$6,189,682	$1,139,692
2020	$15,385,205	$15,164,509	$4,665,111	$220,696
2019	$13,156,346	$12,834,358	$5,066,447	$321,988
2018	$11,055,746	$10,336,503	$3,878,053	$719,243

INGENUITY PREP