INNOVATE PUBLIC SCHOOLS (EIN 462155826) - 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

2013

Legal Domicile

Principal Officer

MICHELLE VILCHEZ

Phone

6505626200

Tax Period

2024-07-01 to 2025-06-30

INNOVATE PUBLIC SCHOOLS, founded in 2013, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.4M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $4.7M exceeded revenue, resulting in a 41% operating deficit.

Mission

BUILD THE PARENT AND COMMUNITY DEMAND FOR WORLD-CLASS PUBLIC SCHOOLS, AND TO ACCELERATE THE GROWTH OF THESE SCHOOLS, PARTICULARLY FOR LOW-INCOME STUDENTS, STUDENTS OF COLORS, AND STUDENTS WITH SPECIAL NEEDS.

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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 $2,970,318

Program Service Revenue $255,493

Investment Income $136,614

Other Revenue $0

TOTAL REVENUE $3,362,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,411,669

Fundraising Expenses $501,594

Program Expenses $2,556,646

Other Expenses $1,325,052

TOTAL EXPENSES $4,736,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,362,425	$3,685,203	-0.1%
Expenses	$4,736,721	$6,030,648	-0.2%
Net Income	$-1,374,296	$-2,345,445	-0.4%

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

$200,905

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTONIO GUTIERREZ	CHAIR	1.00	Officer Director	$0	$0	$0
JON DEAN	TREASURER	1.00	Officer Director	$0	$0	$0
KATHY DOMINGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
ORSON AGUILAR	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR PETER WATTS	DIRECTOR	1.00	Director	$0	$0	$0
EMMA HIZA	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT QUAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE VILCHEZ	CEO	40.00	Officer	$200,905	$0	$200,905
JOSE ARENAS	HIGH COMP	40.00	Highest	$165,536	$0	$165,536
HANNAH GRAVETTE	HIGH COMP	40.00	Highest	$154,953	$0	$154,953
SEAN MICHAEL HARDY	HIGH COMP	40.00	Highest	$129,754	$0	$129,754
CELIA BENAVIDES	HIGH COMP	40.00	Highest	$143,769	$0	$143,769
TERRANCE WATSON	HIGH COMP	40.00	Highest	$145,767	$0	$145,767

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	$3,362,425	$4,736,721	$4,795,248	$-1,374,296
2024	No data	No data	No data	No data
2023	$6,940,086	$7,565,819	$8,687,484	$-625,733
2022	$7,956,314	$7,691,501	$9,500,964	$264,813
2021	$9,088,776	$7,790,517	$10,096,835	$1,298,259
2020	$7,990,134	$6,695,047	$8,504,028	$1,295,087
2018	$7,722,273	$7,044,776	$7,304,230	$677,497

INNOVATE PUBLIC SCHOOLS