INDEPENDENT SCHOLARSHIP INC (EIN 586074366) - 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

1969

Legal Domicile

Principal Officer

JEFF HANSON

Phone

2292428491

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENT SCHOLARSHIP INC, founded in 1969, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 16% operating margin.

Mission

EDUCATION - GRADES K4 THROUGH 12

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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 $1,634,444

Program Service Revenue $6,107,947

Investment Income $106,237

Other Revenue $485,948

TOTAL REVENUE $8,334,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,304,813

Fundraising Expenses $268,973

Program Expenses $5,384,324

Other Expenses $2,715,340

TOTAL EXPENSES $7,020,153

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,334,576	$7,279,398	+0.1%
Expenses	$7,020,153	$7,212,089	0.0%
Net Income	$1,314,423	$67,309	+18.5%

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

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

132

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

$165,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA DAVIS	TRUSTEE	0.25	Director	$0	$0	$0
WILL ELLIOTT	TRUSTEE	0.25	Director	$0	$0	$0
LISA HENRY	TRUSTEE	0.25	Director	$0	$0	$0
JOANNA NIJEM	TRUSTEE	0.25	Director	$0	$0	$0
SARAH VARNEDOE	TRUSTEE	0.25	Director	$0	$0	$0
JOE BROWNLEE	TRUSTEE	0.25	Director	$0	$0	$0
JONATHAN BURNS	TRUSTEE	0.25	Director	$0	$0	$0
SAMANTHA DEMERSSEMAN	TRUSTEE	0.25	Director	$0	$0	$0
JUSTIN MARTIN	TRUSTEE	0.25	Director	$0	$0	$0
STAR WALDRON	CHAIR	1.00	Officer	$0	$0	$0
JOHN WILLIAMS	VICE CHAIR	1.00	Officer	$0	$0	$0
SHELLY COLLINS	SECRETARY	1.00	Officer	$0	$0	$0
JEFF HANSON	TREASURER	1.00	Officer	$0	$0	$0
CARYN ALVARADO	IMMEDIATE PAST CHAIR	1.00	Officer	$0	$0	$0
JOHN PEEPLES	CHAIRMAN'S CHOICE	1.00	Officer	$0	$0	$0
JOHN DAVIS	HEAD OF SCHOOL	40.00	Key Emp	$165,000	$0	$165,000

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	$8,334,576	$7,020,153	$11,843,305	$1,314,423
2024	$7,279,398	$7,212,089	$11,002,711	$67,309
2023	$6,752,766	$6,410,373	$10,959,526	$342,393
2022	$5,750,739	$5,695,556	$11,188,453	$55,183
2021	$5,703,643	$5,568,360	$11,285,213	$135,283
2020	$5,924,877	$5,358,326	$11,434,541	$566,551

INDEPENDENT SCHOLARSHIP INC