Innovation Spokane Schools (EIN 464051666) - 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

Paige Albrecht

Phone

5093894848

Tax Period

2023-09-01 to 2024-08-31

Innovation Spokane Schools, founded in 2013, is a community nonprofit in the Education sector that reported $8.1M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

To prepare a diverse range of students for a life of learning in post-secondary education, citizenship, and leadership.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,415,021

Program Service Revenue $6,575,624

Investment Income $14,978

Other Revenue $121,116

TOTAL REVENUE $8,126,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,400,341

Fundraising Expenses $8,128

Program Expenses $7,524,138

Other Expenses $3,545,471

TOTAL EXPENSES $7,945,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,126,739	$9,138,877	-0.1%
Expenses	$7,945,812	$8,618,006	-0.1%
Net Income	$180,927	$520,871	-0.7%

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

$184,943

Total Directors

Key Employees

$210,197

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ashley Erickson	Chair	2.00	Officer Director	$0	$0	$0
Keith Stanhill	Vice Chair	2.00	Officer Director	$0	$0	$0
Courtney Lee	Treasurer	2.00	Officer Director	$0	$0	$0
Karen Boone	Board Member	2.00	Director	$0	$0	$0
Ted Zhang	Board Member	2.00	Director	$0	$0	$0
Paige Albrecht	Chief Operations Manager	40.00	Officer	$154,570	$30,373	$184,943
Brenda Eastman	Superintentend/Principal	40.00	Key Emp	$174,780	$35,417	$210,197
Michelle Portrey	Director of Special Ed	40.00	Highest	$107,420	$26,532	$133,952
Brian Via	Teacher/Administrator	40.00	Highest	$105,093	$26,262	$131,355
Andrea Zink	Administrator	40.00	Highest	$103,763	$26,598	$130,361
Rebecca Clinard	Teacher	40.00	Highest	$102,310	$25,891	$128,201

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
2024	$8,126,739	$7,945,812	$10,528,329	$180,927
2023	$9,138,877	$8,618,006	$11,406,543	$520,871
2022	$10,962,169	$8,641,199	$11,567,847	$2,320,970
2021	$8,242,945	$7,509,841	$4,483,995	$733,104
2020	$6,643,041	$7,452,586	$1,902,388	$-809,545
2019	$6,362,317	$5,861,523	$1,988,772	$500,794
2018	$5,224,870	$5,558,991	$745,013	$-334,121

Innovation Spokane Schools