INDIANA COLLEGE PREPARATORY SCHOOL INC

EIN: 472438884 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$2,358,450
Total Expenses
$3,059,033
Total Assets
$172,599
Net Assets
$-1,633,961
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IN
Principal Officer
GEOFFREY E CHERRY
Phone
3179145868
Tax Period
2017-07-01 to 2018-06-30

INDIANA COLLEGE PREPARATORY SCHOOL INC, founded in 2015, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2017. Revenue decreased 7% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 30% operating deficit.

Mission

OUR MISSION IS TO PREPARE STUDENTS FOR A COLLEGE PREPARATORY HIGH SCHOOL THAT WILL ENSURE SUCCESS AND GRADUATION FROM A FOUR YEAR COLLEGE.

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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%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $2,517,231
Program Service Revenue $0
Investment Income $-223,918
Other Revenue $65,137
TOTAL REVENUE $2,358,450

Expense Breakdown

Grants Paid $0
Salaries & Benefits $941,152
Fundraising Expenses $0
Program Expenses $2,004,071
Other Expenses $2,117,881
TOTAL EXPENSES $3,059,033

Year-over-Year Comparison

2017 2016 Change
Revenue $2,358,450 $2,541,031 -0.1%
Expenses $3,059,033 $2,868,059 +0.1%
Net Income $-700,583 $-327,028 +1.1%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
20
Volunteers
10

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE MCDONALD BOARD PRESIDENT 2.00
Officer Director
$0 $0 $0
LONNIE TATE BOARD TREASURER & VP 1.00
Officer Director
$0 $0 $0
MARGIE LAWYER-SMITH BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
JAMYCE CURTIS BANKS BOARD CHAIR 1.00
Officer 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
2018 $2,358,450 $3,059,033 $172,599 $-700,583
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