INNOVATION SCHOOLS (EIN 473156745) - 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

BRENDA MCDONALD

Phone

5095930821

Tax Period

2020-09-01 to 2021-08-31

INNOVATION SCHOOLS, founded in 2014, is a small nonprofit that reported $905K in total revenue in fiscal year 2020. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 27% operating deficit.

Mission

CHARTER PUBLIC SCHOOL SERVING STUDENTS IN GRADES 6-8 LOCATED IN WALLA WALLA, WA.

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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 (2020)

Revenue Breakdown

Contributions & Grants $65,000

Program Service Revenue $990,354

Investment Income $-150,286

Other Revenue $0

TOTAL REVENUE $905,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $845,745

Fundraising Expenses $0

Program Expenses $570,146

Other Expenses $301,078

TOTAL EXPENSES $1,146,823

Year-over-Year Comparison

	2020	2019	Change
Revenue	$905,068	$2,344,103	-0.6%
Expenses	$1,146,823	$1,907,799	-0.4%
Net Income	$-241,755	$436,304	-1.6%

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

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

$99,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK AGUILAR	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN JACKA	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW WYATT	DIRECTOR	1.00	Director	$0	$0	$0
LISA CHAMBERLAIIN	DIRECTOR	1.00	Director	$0	$0	$0
BECKY WAGGONER	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE TABINO	SECRETARY	1.00	Director	$0	$0	$0
BRENDA MCDONALD	SUPERINTENDENT	17.00	Officer	$76,516	$22,881	$99,397

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	$905,068	$1,146,823	$729,959	$-241,755
2020	$2,344,103	$1,907,799	$1,090,286	$436,304
2019	$1,481,437	$1,837,561	$526,225	$-356,124

INNOVATION SCHOOLS