Innovative Learning Inc (EIN 521173307) - 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

1979

Legal Domicile

Principal Officer

Linda Jacobs

Phone

4109744248

Tax Period

2024-07-01 to 2025-06-30

Innovative Learning Inc, founded in 1979, is a mid-sized nonprofit in the Education sector that reported $19.5M in total revenue in fiscal year 2024. Expenses of $18.7M left a modest 4% surplus.

Mission

To keep the Harbour School a safe place where children with learning disabilities become successful learners.

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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 (2024)

Revenue Breakdown

Contributions & Grants $843,751

Program Service Revenue $18,260,425

Investment Income $377,030

Other Revenue $8,698

TOTAL REVENUE $19,489,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,439,089

Fundraising Expenses $830,794

Program Expenses $14,965,895

Other Expenses $3,233,269

TOTAL EXPENSES $18,672,358

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,489,904	$18,626,906	+0.0%
Expenses	$18,672,358	$17,592,373	+0.1%
Net Income	$817,546	$1,034,533	-0.2%

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

234

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

$273,734

Total Directors

$273,734

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martha D Schneider	Vice President	50.00	Officer Director	$131,070	$28,114	$159,184
Linda Jacobs	President and Executive Director	50.00	Officer Director	$90,797	$23,753	$114,550
Sandra Liotta	Board Member	1.00	Director	$0	$0	$0
Kathleen Fitch	Board Member	1.00	Director	$0	$0	$0
Robin Vaughn	Board Member	1.00	Director	$0	$0	$0
Sen Shelly Hettleman	Board Member	1.00	Director	$0	$0	$0
Jill Berie	Board Member	1.00	Director	$0	$0	$0
Renee Catlin	Board Member	1.00	Director	$0	$0	$0
Yvonne B Callaway	SecretaryTreasurer	10.00	Officer 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	$19,489,904	$18,672,358	$23,024,063	$817,546
2024	$18,626,906	$17,592,373	$22,732,233	$1,034,533
2023	$17,407,342	$16,695,933	$22,143,679	$711,409
2022	$15,755,864	$15,580,306	$14,693,405	$175,558
2021	$15,553,956	$14,202,051	$14,623,081	$1,351,905
2020	$15,035,877	$13,989,938	$12,734,453	$1,045,939
2019	$14,515,758	$13,943,866	$11,519,491	$571,892
2018	$14,269,869	$13,225,074	$10,687,870	$1,044,795

Innovative Learning Inc