INNOVATION CHARTER SCHOOL INC (EIN 463301622) - Form 990 Financial Analysis & Trantor Score

🔒

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

2014

Legal Domicile

Principal Officer

NICOLE JOHANSSON

Phone

9547151777

Tax Period

2024-07-01 to 2025-06-30

INNOVATION CHARTER SCHOOL INC, founded in 2014, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

INNOVATION CHARTER SCHOOL EMPOWERS YOUNG ONES FOR SUCCESS AS WORLD CHANGERS THROUGH HIGHLY TALENTED TEACHERS USING INNOVATIVE AND LEADING METHODS IN A VERY LOVING ENVIRONMENT.

🔒

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 $4,057,802

Program Service Revenue $1,355,461

Investment Income $69,484

Other Revenue $32,915

TOTAL REVENUE $5,515,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,148,725

Fundraising Expenses $0

Program Expenses $4,792,949

Other Expenses $2,711,863

TOTAL EXPENSES $5,860,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,515,662	$6,433,861	-0.1%
Expenses	$5,860,588	$5,597,039	+0.0%
Net Income	$-344,926	$836,822	-1.4%

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

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

$259,691

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE JOHANSSON	CHAIR/TREASURER	6.00	Officer Director	$0	$0	$0
TAMMY HOSKINS	SECRETARY	2.00	Officer Director	$0	$0	$0
TAMMY HOSKINS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SALVATELLI	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN ALEXANDER	PRINCIPAL	40.00	Officer	$130,205	$2,894	$133,099
CARLEEN ANDERSON	VICE PRINCIPAL	40.00	Officer	$116,563	$10,029	$126,592

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	$5,515,662	$5,860,588	$3,210,851	$-344,926
2024	$6,433,861	$5,597,039	$3,999,169	$836,822
2023	$5,000,435	$4,880,869	$2,152,715	$119,566
2022	$4,545,246	$4,799,004	$2,094,140	$-253,758
2021	$4,448,415	$4,159,521	$2,367,477	$288,894
2020	$4,378,342	$3,914,335	$1,959,266	$464,007
2019	$4,172,056	$3,755,577	$1,504,028	$416,479

INNOVATION CHARTER SCHOOL INC