STEEL CITY ACADEMY INC

EIN: 473180593 501(c)(3) Education

GARY, IN

Total Revenue
$5,031,303
Total Expenses
$6,045,811
Total Assets
$5,145,037
Net Assets
$2,822,175
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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
KATHERINE KIRLEY
Phone
2197501010
Tax Period
2024-07-01 to 2025-06-30

STEEL CITY ACADEMY INC, founded in 2015, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $6.0M exceeded revenue, resulting in a 20% operating deficit.

Mission

STEEL CITY ACADEMY WILL EMPOWER THE STUDENTS OF GARY WITH THE MOST RIGOROUS ACADEMIC SKILLS, CULTURAL FLUENCY AND DEPTH OF CHARACTER SO THEY CAN CHOOSE FROM BOUNDLESS OPPORTUNITIES AND STRENGTHEN THE COMMUNITY OF GARY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,946,108
Program Service Revenue $25,908
Investment Income $43,539
Other Revenue $15,748
TOTAL REVENUE $5,031,303

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,974,034
Fundraising Expenses $0
Program Expenses $5,045,562
Other Expenses $2,071,777
TOTAL EXPENSES $6,045,811

Year-over-Year Comparison

2024 2023 Change
Revenue $5,031,303 $7,242,880 -0.3%
Expenses $6,045,811 $6,839,356 -0.1%
Net Income $-1,014,508 $403,524 -3.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
61
Volunteers
7

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
6
$385,273
Total Directors
7
$0
Key Employees
3
$589,924
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE KIRLEY EXECUTIVE DIRECTOR 40.00
Officer
$251,666 $37,048 $288,714
JAZMIN PRATT PRINCIPAL 40.00
Key Emp
$200,619 $35,348 $235,967
BRIDGETTE KELLY MANAGING DIRECTOR OF DIVER 40.00
Key Emp
$155,970 $19,312 $175,282
JOSHUA MOORE ASSISTANT PRINCIPAL 40.00
Key Emp
$151,909 $26,766 $178,675
SHIRLETTA HUNTER FINANCE COORDINATOR 40.00
Officer
$72,850 $23,709 $96,559
CATHERINE BURNS BOARD CHAIR 4.00
Officer Director
$0 $0 $0
ANTHONY WASHINGTON VICE CHAIR 2.00
Officer Director
$0 $0 $0
KATHERINE POHLKAMP TREASURER 2.00
Officer Director
$0 $0 $0
ASHLEY O'NEAL SECRETARY 2.00
Officer Director
$0 $0 $0
ERICA YOUNG LEGAL COUNSEL 1.00
Director
$0 $0 $0
GLORIA MCDANIEL HALL BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL COLLINS BOARD MEMBER 1.00
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
2025 $5,031,303 $6,045,811 $5,145,037 $-1,014,508
2024 $7,242,880 $6,839,356 $5,342,993 $403,524
2023 $6,981,452 $6,475,370 $5,044,124 $506,082
2022 $7,183,219 $5,612,505 $4,630,983 $1,570,714
2020 $5,971,704 $5,600,756 $1,897,471 $370,948
2019 $4,825,994 $5,199,610 $1,946,275 $-373,616
2018 $3,738,399 $3,673,642 $2,137,851 $64,757
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