Impact Academy School Inc (EIN 464982922) - 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

2014

Legal Domicile

Principal Officer

Colette Stibich

Tax Period

2023-07-01 to 2024-06-30

Impact Academy School Inc, founded in 2014, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023.

Mission

Impact Academy is a private not-for-profit school that focuses on teaching academic and personal life skills to special-needs children.

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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 $15,626

Program Service Revenue $1,180,004

Investment Income $7,498

Other Revenue $22,071

TOTAL REVENUE $1,225,199

Expense Breakdown

Grants Paid $222

Salaries & Benefits $833,809

Fundraising Expenses $0

Program Expenses $1,148,333

Other Expenses $451,250

TOTAL EXPENSES $1,285,281

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,225,199	$1,234,972	0.0%
Expenses	$1,285,281	$1,360,400	-0.1%
Net Income	$-60,082	$-125,428	-0.5%

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

N/A

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

$231,243

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Gross	Principal	40.00	Officer	$119,243	$0	$119,243
Colette Stibich	Administrator	40.00	Officer	$112,000	$0	$112,000
Ken Lee	Advisory Board	1.00	Director	$0	$0	$0
John Butler	Advisory Board	1.00	Director	$0	$0	$0
Brian Bursa	Advisory Board	1.00	Director	$0	$0	$0
Jose R Foradada III	Advisory Board	1.00	Director	$0	$0	$0
Jason Stibich	Advisory Board	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	No data	No data	No data	No data
2024	$1,225,199	$1,285,281	$2,198,778	$-60,082
2023	$1,234,972	$1,360,400	$2,276,874	$-125,428
2022	$1,348,793	$1,077,848	$2,429,110	$270,945
2021	$1,284,672	$1,168,001	$2,188,591	$116,671
2020	$1,243,745	$1,130,654	$2,100,027	$113,091
2019	$1,187,612	$1,055,028	$1,718,620	$132,584
2018	$1,166,991	$1,044,003	$1,622,249	$122,988

Impact Academy School Inc