IOTA Community Schools (EIN 470970499) - 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

Jocquell Rodgers

Phone

9017308160

Tax Period

2023-07-01 to 2024-06-30

IOTA Community Schools, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $41.9M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $35.7M left a modest 15% surplus.

Mission

To run high quality public charter schools in the communities that need them the most.

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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 $41,600,003

Program Service Revenue $319,348

Investment Income $0

Other Revenue $0

TOTAL REVENUE $41,919,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,314,485

Fundraising Expenses $0

Program Expenses $30,301,815

Other Expenses $16,362,408

TOTAL EXPENSES $35,676,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,919,351	$35,460,678	+0.2%
Expenses	$35,676,893	$32,111,046	+0.1%
Net Income	$6,242,458	$3,349,632	+0.9%

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

327

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

$300,806

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amertice Allen	Board Chair	2.00	Officer Director	$0	$0	$0
Pam Eqwuekwe	Vice Board Chair	2.00	Officer Director	$0	$0	$0
Pedro Velasquez	Board Secretary	2.00	Officer Director	$0	$0	$0
Tamika Young	Director	2.00	Director	$0	$0	$0
Terrell Monger	Director (Left Mid-Year)	2.00	Director	$0	$0	$0
Larry Neal	Director	2.00	Director	$0	$0	$0
Matt Thiry	Director (Left Mid-Year)	2.00	Director	$0	$0	$0
Chilton Simmons	Director (Left Mid-Year)	2.00	Director	$0	$0	$0
Jocquell Rodgers	Executive Director	40.00	Officer	$140,387	$33,671	$174,058
Jovan Orozco	Director of Finance/CBO	40.00	Officer	$126,748	$0	$126,748
Marysa Utley	Chief of Schools	40.00	Highest	$138,878	$24,356	$163,234
Christina Austin	Chief Academic Officer	40.00	Highest	$126,200	$9,552	$135,752
Teddrick Estes	Principal	40.00	Highest	$108,023	$17,810	$125,833
Denai Greene	Principal	40.00	Highest	$106,937	$14,814	$121,751
Patrice Prewitt	Teacher	40.00	Highest	$103,524	$16,133	$119,657

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	$41,919,351	$35,676,893	$31,618,475	$6,242,458
2023	$35,460,678	$32,111,046	$21,875,204	$3,349,632
2022	$34,982,505	$31,738,370	$18,794,135	$3,244,135
2021	$28,094,709	$27,046,538	$18,236,028	$1,048,171
2020	$26,681,719	$25,228,972	$17,864,776	$1,452,747
2019	$24,482,899	$25,215,804	$7,374,530	$-732,905
2018	$24,541,630	$25,389,482	$6,779,852	$-847,852

IOTA Community Schools