ELEVEN FIFTY ACADEMY INC

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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

2015

Legal Domicile

Principal Officer

SCOTT A JONES

Phone

8559251150

Tax Period

2021-01-01 to 2021-12-31

ELEVEN FIFTY ACADEMY INC, founded in 2015, is a mid-sized nonprofit that reported $14.6M in total revenue in fiscal year 2021. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $16.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

ELEVEN FIFTY ACADEMY EXISTS TO HELP CLOSE THE NATION'S GROWING TECHNOLOGY SKILLS GAP BY CREATING AN ECOSYSTEM OF TECHNOLOGY TALENT THAT BENEFITS THE INDIVIDUAL, THEIR EMPLOYER, AND THEIR COMMUNITY. OUR VISION IS TO ALLOW ALL INDIVIDUALS WITH THE INTEREST AND UNDISCOVERED PASSION FOR TECHNOLOGY TO BE FULLY ACTUALIZED. WE ACHIEVE OUR MISSION AND VISION THROUGH OUR CORE VALUES OF DIVERSITY, TEAMWORK, QUALITY, LEARNING, LEADERSHIP, AND FUN.

Program Service Accomplishments

Program 1

Expenses: $9,731,420 Revenue: $11,380,225

THE ACADEMY OFFERS FULL-TIME AND PART-TIME CLASSES IN SOFTWARE DEVELOPMENT, CYBERSECURITY, AND USER INTERFACE DESIGN. THE CLASSES LAST 2 TO 6 MONTHS, EITHER IN-PERSON OR ONLINE, IN AN IMMERSIVE...

THE ACADEMY OFFERS FULL-TIME AND PART-TIME CLASSES IN SOFTWARE DEVELOPMENT, CYBERSECURITY, AND USER INTERFACE DESIGN. THE CLASSES LAST 2 TO 6 MONTHS, EITHER IN-PERSON OR ONLINE, IN AN IMMERSIVE FORMAT THAT PROMOTES RAPID LEARNING. THE ACADEMY HAS BEGUN PROGRAMS IN COMMUNITIES STATEWIDE THAT SUPPORT WOMEN, VETERANS, PEOPLE OF COLOR, AND VULNERABLE POPULATIONS. ELEVEN FIFTY ACADEMY WON THE TALENT IMPACT AWARD FOR THE STATE OF INDIANA, HAVING GRADUATED 900 IN 2021. THE ACADEMY'S GRADUATION RATE HAS BEEN 85% WITH PLACEMENT RATE OF 67% AND STARTING SALARIES OF ABOUT $55,000, WHICH IS APPROXIMATELY 50% HIGHER THAN STUDENTS' PRE-ACADEMY SALARY.WITHIN 4 YEARS, ACADEMY GRADS ARE EARNING APPROXIMATELY THE SAME OR MORE THAN PUBLIC UNIVERSITY TECH GRADS, BUT ACADEMY GRADS ARE PUTTING OVER $200,000 OF EARNINGS IN THE BANK WHILE UNIVERSITY GRADS INCUR ABOUT $32,000 OF STUDENT DEBT DURING THOSE YEARS.WE EXPANDED OUR COURSE OFFERINGS IN 2020 TO INCLUDE UX/UI DESIGN COURSES.WE CONTINUED OUR EMPLOYER ADVISORY COMMITTEE, AND WITH THOSE EMPLOYERS, CREATED AN INDUSTRY-ADVISED CURRICULUM THAT RESULTS IN A CERTIFICATE TO THE COMPLETING STUDENT. DURING 2020 AND 2021, CLASSES AND CURRICULUM WERE MODIFIED TO OFFER ONLINE CLASSES TO STUDENTS AS A RESULT OF THE COVID-19 PANDEMIC.IN 2021, A SPECIAL PROGRAM CALLED ADVANCING TECH IN 46218 WAS LAUNCHED TO HELP A PARTICULARLY VULNERABLE SEGMENT OF THE POPULATION, IN THE HIGHEST CRIME ZONE IN INDIANAPOLIS. WE PARTNERED DEEPLY IN THE CIMMUNITY TO ACHIEVE OUR RESULTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $3,068,191

Program Service Revenue $11,380,225

Investment Income $0

Other Revenue $120,901

TOTAL REVENUE $14,569,317

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $7,059,968

Fundraising Expenses $454,901

Program Expenses $9,731,420

Other Expenses $9,243,031

TOTAL EXPENSES $16,352,999

Year-over-Year Comparison

	2021	2020	Change
Revenue	$14,569,317	$9,593,368	+0.5%
Expenses	$16,352,999	$10,574,324	+0.5%
Net Income	$-1,783,682	$-980,956	+0.8%

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

123

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

$353,510

Total Directors

$197,988

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT A JONES	PRESIDENT/CHAIRMAN	40.00	Officer Director	$170,748	$27,240	$197,988
DOUGLAS GILMORE	BOARD MEMBER	0.00	Director	$0	$0	$0
ANDREW THOMAS	SECRETARY AND BOARD MEMBER	0.00	Officer Director	$0	$0	$0
DONALD AQUILANO	BOARD MEMBER	0.00	Director	$0	$0	$0
DEWAND NEELY	CHIEF OPERATING OFFICER	40.00	Officer	$134,264	$21,258	$155,522
JONATHAN HUER	EMPLOYEE	40.00	Highest	$153,475	$6,018	$159,493
ABIGAIL TAMBASCO	EMPLOYEE	40.00	Highest	$110,918	$14,922	$125,840
ALEXANDER VOLYK	EMPLOYEE	40.00	Highest	$110,583	$5,858	$116,441
MARY BUSH	EMPLOYEE	40.00	Highest	$138,302	$0	$138,302
CHRISTOPHER HUTCHINSON	EMPLOYEE	40.00	Highest	$116,237	$27,805	$144,042

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
2021	$14,569,317	$16,352,999	$2,885,301	$-1,783,682
2020	$9,593,368	$10,574,324	$3,381,484	$-980,956
2019	$5,713,395	$5,690,486	$2,662,800	$22,909
2018	$2,520,713	$2,772,574	$818,038	$-251,861