INNOVATIVE EDUCATION MANAGEMENT INC

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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

1998

Legal Domicile

Principal Officer

JODI JONES

Phone

5302953566

Tax Period

2023-07-01 to 2024-06-30

INNOVATIVE EDUCATION MANAGEMENT INC, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $43.4M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $37.7M left a modest 13% surplus.

Mission

TO DEVELOP NEW AND DIFFERENT WAYS TO INCORPORATE PARENTAL CHOICE INTO EDUCATIONAL PROCESS, WITH AN EMPHASIS ON THE USE OF COMPUTER TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $31,504,892 Revenue: $10,530,256

DEVELOPING NEW AND DIFFERENT WAYS TO INCORPORATE PARENTAL CHOICE INTO THE EDUCATIONAL PROCESS WITH AN EMPHASIS ON PROVIDING THE MAXIMUMAMOUNT OF EDUCATIONAL OPPORTUNITIES POSSIBLE TO EVERY STUDENT...

DEVELOPING NEW AND DIFFERENT WAYS TO INCORPORATE PARENTAL CHOICE INTO THE EDUCATIONAL PROCESS WITH AN EMPHASIS ON PROVIDING THE MAXIMUMAMOUNT OF EDUCATIONAL OPPORTUNITIES POSSIBLE TO EVERY STUDENT. CHARTERS GRANTED TO IEM INCLUDE FOUR SCHOOLS. SKY MOUNTAIN CHARTER SCHOOLFINANCIAL DATA IS INCLUDED WITH THIS TAX RETURN.

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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 $32,050,865

Program Service Revenue $10,530,256

Investment Income $772,903

Other Revenue $0

TOTAL REVENUE $43,354,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,811,707

Fundraising Expenses $0

Program Expenses $31,504,892

Other Expenses $17,881,400

TOTAL EXPENSES $37,693,107

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,354,024	$32,039,127	+0.4%
Expenses	$37,693,107	$29,847,879	+0.3%
Net Income	$5,660,917	$2,191,248	+1.6%

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

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

$309,584

Total Directors

$129,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Wilberger	Facilities Dir	40.00		$155,453	$30,392	$185,845
PATRICK RATCLIFF	Dir of accounti	40.00	Officer	$161,989	$20,945	$182,934
Cortney Ray	Dir of Student inf	40.00		$129,617	$28,493	$158,110
Robert Lewis Jr	IT Director	40.00		$139,706	$14,725	$154,431
Randy Gaschier	President	40.00	Officer Director	$108,850	$0	$108,850
Larry Mandelberg	Chairman	2.00	Officer Director	$9,000	$0	$9,000
Charles Ansbach	Member	2.00	Director	$3,000	$0	$3,000
Susan Clark	Secretary	2.00	Officer Director	$3,000	$0	$3,000
Michael Yadon	Treasurer	2.00	Officer Director	$3,000	$0	$3,000
JODI JONES	CEO	0.00	Officer	$2,800	$0	$2,800
Sharon Tobar	Member	2.00	Director	$2,250	$0	$2,250

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	$43,354,024	$37,693,107	$40,387,026	$5,660,917
2023	$32,039,127	$29,847,879	$33,566,516	$2,191,248
2022	$32,370,829	$24,999,649	$28,356,831	$7,371,180
2021	$24,530,780	$21,198,895	$19,923,777	$3,331,885
2020	$21,851,258	$19,873,458	$17,309,535	$1,977,800
2019	$20,863,341	$18,250,324	$13,330,321	$2,613,017
2018	$17,357,604	$17,219,551	$10,931,646	$138,053