BROOKHAVEN INNOVATION ACADEMY (EIN 474087305) - 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

ADAM CASKEY

Phone

7705381550

Tax Period

2023-07-01 to 2024-06-30

BROOKHAVEN INNOVATION ACADEMY, founded in 2014, is a community nonprofit in the Education sector that reported $8.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

BIA IS A SCHOOL COMMUNITY USING A CAREFULLY CRAFTED COMBINATION OF INSTRUCTIONAL METHODS THAT WE REFER TO AS "DEEPER LEARNING BY DESIGN", WHERE EVERY STUDENT WILL MASTER A CORE RESEARCH-BASED, COLLEGE PREPARATORY, BLENDED LEARNING CURRICULUM, WITH A COMPLIMENTARY PROJECT-BASED LEARNING FOCUS ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATH ("STEM"), WITH COMPUTER CODING INTEGRATED AS A COMPONENT OF THE CORE PROGRAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,908,909

Program Service Revenue $181,115

Investment Income $76,636

Other Revenue $70,788

TOTAL REVENUE $8,237,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,211,951

Fundraising Expenses $0

Program Expenses $6,947,305

Other Expenses $2,806,316

TOTAL EXPENSES $8,018,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,237,448	$7,149,578	+0.2%
Expenses	$8,018,267	$7,036,174	+0.1%
Net Income	$219,181	$113,404	+0.9%

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

$153,352

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL CHRISTIAN	HEAD OF SCHOOL	40.00	Officer	$128,646	$24,706	$153,352
ADAM CASKEY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KELLY MANDY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALLISON JETT	TREASURER AND FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
ZENNIE LYNCH	FORMER TREASURER, FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
VERONICA JOHNSON	SECRETARY, ACADEMIC CHAIR	1.00	Officer Director	$0	$0	$0
WALTER BELL	BOARD MEMBER, OPERATIONS CHAIR	1.00	Director	$0	$0	$0
MICHELLE CLEMENTS	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	No data	No data	No data	No data
2024	$8,237,448	$8,018,267	$16,820,464	$219,181
2023	$7,149,578	$7,036,174	$17,252,161	$113,404
2022	$6,591,702	$6,091,171	$15,256,794	$500,531
2021	$6,615,354	$6,405,470	$15,037,187	$209,884
2020	$5,724,979	$6,208,390	$14,460,858	$-483,411
2019	$5,229,103	$6,704,180	$15,238,535	$-1,475,077
2018	$4,761,545	$4,373,403	$3,326,151	$388,142

BROOKHAVEN INNOVATION ACADEMY