THE IMANI SCHOOL

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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

1996

Legal Domicile

Principal Officer

PATRICIA HOGAN WILLIAMS

Phone

7137230616

Tax Period

2024-01-01 to 2024-12-31

THE IMANI SCHOOL, founded in 1996, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $5.0M left a modest 11% surplus.

Mission

PROVIDE AN EDUCATIONAL PROGRAM BASED ON THE PHILOSOPHY THAT EACH CHILD IS A UNIQUE INDIVIDUAL CREATED BY AND IN THE IMAGE OF GOD.

Program Service Accomplishments

Program 1

Expenses: $4,280,236

PROVIDED A EDUCATIONAL ENVIRONMENT CONDUCIVE TO THE MAXIMUM INTELLECTUAL, SPIRITUAL, SOCIAL, EMOTIONAL AND PHYSICAL DEVELOPMENT FOR 425 QUALIFIED STUDENTS WITHOUT REGARD TO RACE, COLOR, NATIONAL OR ETHNIC ORIGIN OR GENDER STUDENTS PARTICIPATED IN AND RECIEVED AWARDS IN VARIOUS ACADEMIC AND ATHLETIC COMPETITIONS INCLUDING: -BETA STATE STATE CONFERENCE -NOBCCHE REGIONAL SCIENCE FAIR -ACSI REGIONAL SPEECH CONTEST -ACSI REGIONAL SONGFEST -ACSI REGIONAL SCIENCE FAIR -ACSI MATH OLYMPICS -CHEERLEADING/DANCE-FELLOWSHIP CHRISTIAN COMPETITION -AMERICAN CHEER POWER NATIONAL COMPETITION STUDENTS ALSO PARTICIPATED IN IMANI ATHLETICS-BASKETBALL, FOOTBALL AND TRACK

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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 $371,500

Program Service Revenue $4,837,895

Investment Income $131,430

Other Revenue $209,940

TOTAL REVENUE $5,550,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,665,691

Fundraising Expenses $0

Program Expenses $4,280,236

Other Expenses $2,227,775

TOTAL EXPENSES $4,966,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,550,765	$4,687,360	+0.2%
Expenses	$4,966,009	$4,980,491	0.0%
Net Income	$584,756	$-293,131	-3.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ADEBAYO ADESOMO	TRUSTEE	5.00	Director	$0	$0	$0
CARLA BRAILEY	TRUSTEE	5.00	Director	$0	$0	$0
WARREN BROADNAX	TRUSTEE	5.00	Director	$0	$0	$0
MRS GAYLA GARDNER	TRUSTEE	5.00	Director	$0	$0	$0
DR KATHERINE KANE	TRUSTEE	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
2024	$5,550,765	$4,966,009	$5,295,921	$584,756
2023	$4,687,360	$4,980,491	$4,921,259	$-293,131
2022	$5,649,827	$3,867,673	$4,949,912	$1,782,154
2021	$3,092,859	$2,774,471	$3,575,373	$318,388
2020	$2,215,231	$2,362,812	$2,911,125	$-147,581
2019	$3,407,159	$3,237,006	$2,765,313	$170,153
2018	$3,156,653	$3,103,449	$2,662,827	$53,204