INDIANA VIRTUAL EDUCATION FOUNDATION INC (EIN 475004440) - 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

2015

Legal Domicile

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.

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

INDIANA VIRTUAL EDUCATION FOUNDATION INC