ELEVEN FIFTY ACADEMY INC

EIN: 472662508 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$14,569,317
Total Expenses
$16,352,999
Total Assets
$2,885,301
Net Assets
$-2,084,108
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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
IN
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.

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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 (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

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Governance

Voting Members
4
Independent Members
3
Employees
123
Volunteers
50

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
3
$353,510
Total Directors
4
$197,988
Key Employees
0
$0
Highest Compensated
5
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
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