INDIANA VIRTUAL EDUCATION FOUNDATION INC

EIN: 475004440 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$30,812,607
Total Expenses
$32,960,886
Total Assets
$3,383,910
Net Assets
$-1,308,971
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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
LOU MOONSHOWER
Phone
3175815355
Tax Period
2017-07-01 to 2018-06-30

INDIANA VIRTUAL EDUCATION FOUNDATION INC, founded in 2015, is a mid-sized nonprofit that reported $30.8M in total revenue in fiscal year 2017. Revenue surged 423% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE A FREE ONLINE PUBLIC CHARTER SCHOOL EDUCATION TO STUDENTS IN THE STATE OF INDIANA INCLUDING STUDENTS WHO HAVE NOT EXPERIENCED SUCCESS IN THE TRADITIONAL BRICK AND MORTAR SYSTEM.

Program Service Accomplishments

Program 1
Expenses: $32,228,675 Revenue: $1,500

ONLINE PUBLIC SCHOOL OFFERING PUBLIC EDUCATION TO INDIANA STUDENTS GRADES 6-12 AT NO COST IN A 100% VIRTUAL ENVIRONMENT. FOR THE 2017/18 SCHOOL YEAR, 98 STUDENTS EARNED THEIR INDIANA CORE-40 HIGH...

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ONLINE PUBLIC SCHOOL OFFERING PUBLIC EDUCATION TO INDIANA STUDENTS GRADES 6-12 AT NO COST IN A 100% VIRTUAL ENVIRONMENT. FOR THE 2017/18 SCHOOL YEAR, 98 STUDENTS EARNED THEIR INDIANA CORE-40 HIGH SCHOOL DIPLOMA. WITHOUT THE SCHOOL THESE STUDENTS WOULD NOT HAVE COMPLETED THE REQUIRED HIGH SCHOOL COURSES TO EARN THEIR DIPLOMA. AS OF NOVEMBER 2018, INDIANA VIRTUAL SCHOOL HAS 988 FULL TIME STUDENTS ENROLLED. THE SCHOOL USES CUSTOM DESIGNED STUDENT & MANAGEMENT INFORMATION SYSTEMS WHICH ARE CRITICAL TO INFORMATION MANAGEMENT AND TIMELY RESPONSE FOR STUDENTS, PARENTS, AND OTHER AGENCIES.

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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 (2017)

Revenue Breakdown

Contributions & Grants $30,781,280
Program Service Revenue $1,500
Investment Income $29,827
Other Revenue $0
TOTAL REVENUE $30,812,607

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $3,281
Program Expenses $32,228,675
Other Expenses $32,960,886
TOTAL EXPENSES $32,960,886

Year-over-Year Comparison

2017 2016 Change
Revenue $30,812,607 $5,891,003 +4.2%
Expenses $32,960,886 $5,811,979 +4.7%
Net Income $-2,148,279 $79,024 -28.2%
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
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOU MOONSHOWER CHAIRMAN 10.00
Officer Director
$0 $0 $0
FRED ELLIS TREASURER 5.00
Officer Director
$0 $0 $0
SAM MANGHELLI DIRECTOR 5.00
Director
$0 $0 $0
THOMAS KRUDY DIRECTOR 5.00
Director
$0 $0 $0
EDWARD VALDETTARO DIRECTOR 5.00
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
2018 $30,812,607 $32,960,886 $3,383,910 $-2,148,279
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