Institute for Girls Education Inc DBA Magnolia School (EIN 463101988) - 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

John Michael Schuelke

Phone

2817964000

Tax Period

2024-07-01 to 2025-06-30

Institute for Girls Education Inc DBA Magnolia School, founded in 2013, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $4.2M left a modest 14% surplus.

Mission

To educate elementary and middle school girls with an excellent foundation of academics and personal integrity enlivened by a strong faith, as well as a spirit of freedom and adventure.

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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 $2,002,900

Program Service Revenue $2,738,153

Investment Income $11,366

Other Revenue $130,966

TOTAL REVENUE $4,883,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,508,099

Fundraising Expenses $381,587

Program Expenses $2,976,908

Other Expenses $1,549,306

TOTAL EXPENSES $4,180,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,883,385	$3,450,622	+0.4%
Expenses	$4,180,431	$3,591,777	+0.2%
Net Income	$702,954	$-141,155	-6.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Annamarie Omanga	Head of School	40.00		$182,322	$15,737	$198,059
Florentina Ganem	Director of Ops	40.00		$111,432	$27,475	$138,907
Martha Martinez	President	1.00	Officer Director	$0	$0	$0
John Michael Schuelke	Vice President	1.00	Officer Director	$0	$0	$0
Ellen Linbeck	Secretary	1.00	Officer Director	$0	$0	$0
Janet Montgomery	Treasurer	1.00	Officer Director	$0	$0	$0
Amber Young	Director	1.00	Director	$0	$0	$0
Keith Fullenweider	Director	1.00	Director	$0	$0	$0
Jeff Polzer	Director	1.00	Director	$0	$0	$0
Kathleen McGarry	Trustee	0.25	Director	$0	$0	$0
Irene Schwartz	Trustee	0.25	Director	$0	$0	$0
Mary McDeavitt	Trustee	0.25	Director	$0	$0	$0
Sarah Carroll	Trustee	0.25	Director	$0	$0	$0
Susan Hanssen	Trustee	0.25	Director	$0	$0	$0
Mark Bazin	Director	1.00	Director	$0	$0	$0
Rebecca Girbach	Director	1.00	Director	$0	$0	$0
Joe Flanigan	Director	1.00	Director	$0	$0	$0
Mathew Goldsby	Director	1.00	Director	$0	$0	$0

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	$4,883,385	$4,180,431	$12,791,903	$702,954
2024	$3,450,622	$3,591,777	$11,777,768	$-141,155
2023	$4,080,711	$3,235,923	$12,050,367	$844,788
2022	$3,590,004	$2,785,867	$10,631,990	$804,137
2021	$3,250,900	$1,981,807	$10,757,210	$1,269,093
2020	$1,152,092	$1,634,537	$5,051,660	$-482,445

Institute for Girls Education Inc DBA Magnolia School