Ignite Pitt Inc

EIN: 811324775 501(c)(3)

Greenville, NC

Total Revenue
$1,749,588
Total Expenses
$1,647,754
Total Assets
N/A
Net Assets
N/A
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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
2013
Legal Domicile
NC
Principal Officer
Melissia Larson
Phone
2526896744
Tax Period
2019-07-01 to 2020-06-30

Ignite Pitt Inc, founded in 2013, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2019. Expenses of $1.6M left a modest 6% surplus.

Mission

Operation of a public charter school.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $355,458
Program Service Revenue $1,394,130
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,749,588

Expense Breakdown

Grants Paid $0
Salaries & Benefits $811,996
Fundraising Expenses $0
Program Expenses $1,246,208
Other Expenses $835,758
TOTAL EXPENSES $1,647,754

Year-over-Year Comparison

2019 2018 Change
Revenue $1,749,588 $1,805,860 0.0%
Expenses $1,647,754 $1,784,163 -0.1%
Net Income $101,834 $21,697 +3.7%
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

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Governance

Voting Members
5
Independent Members
5
Employees
33
Volunteers
17

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tiffany Vaughan Board Member 002.00
Director
$0 $0 $0
Melissia Larson Board Member 002.00
Director
$0 $0 $0
Alan Brock Board Member 002.00
Director
$0 $0 $0
Meredith Andrews Board Member 002.00
Director
$0 $0 $0
Amy Leggett Board Member 002.00
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
2020 $1,749,588 $1,647,754 No data $101,834
2019 $1,805,860 $1,784,163 $68,494 $21,697
2018 $2,116,079 $2,103,380 $85,335 $12,699
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