IGNITE ENTREPRENEURSHIP ACADEMY INC (EIN 811918602) - 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

2016

Tax Period

2022-07-01 to 2023-06-30

IGNITE ENTREPRENEURSHIP ACADEMY INC, founded in 2016, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2022. Expenses of $4.8M left a modest 5% surplus.

Mission

TO PROMOTE ENTREPRENEURIAL SUCCESS THROUGH ACADEMIC RIGOR, PROJECT-BASED LEARNING, AND CREATING A CULTURE OF CREATIVITY, COLLABORATION, ADAPTABILITY, ACCOUNTABILITY, COMMUNICATION, AND PROBLEM SOLVING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,775,249

Program Service Revenue $189,749

Investment Income $43,738

Other Revenue $18,935

TOTAL REVENUE $5,027,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,956,396

Fundraising Expenses $0

Program Expenses $4,716,146

Other Expenses $1,842,082

TOTAL EXPENSES $4,798,478

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,027,671	$5,148,308	0.0%
Expenses	$4,798,478	$4,340,733	+0.1%
Net Income	$229,193	$807,575	-0.7%

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

Governance

Voting Members

Independent Members

Employees

100

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

$123,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI LONG	Executive Dir.	40.00	Officer	$123,150	$0	$123,150
RYAN MARSHALL	Director	2.00	Director	$0	$0	$0
KELLY TATE	VICE CHAIR	2.00	Director	$0	$0	$0
HEIDI ROBINSON	Secretary	2.00	Director	$0	$0	$0
BROOKE GALATA	Treasurer	2.00	Director	$0	$0	$0
DAWN HARVEY	Director	2.00	Director	$0	$0	$0
JENNAE THOMAS	Director	2.00	Director	$0	$0	$0
LINDSEY ESTES	Director	2.00	Director	$0	$0	$0
RACHELLE ELLIOTT	Director	2.00	Director	$0	$0	$0
NATALIE UNGA	Director	2.00	Director	$0	$0	$0
SHERA TAYLOR	BOARD CHAIR	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$5,027,671	$4,798,478	$10,913,475	$229,193
2022	$5,148,308	$4,340,733	$10,606,608	$807,575
2021	$4,395,586	$4,595,473	$10,499,519	$-199,887
2020	$4,230,047	$3,848,127	$1,438,836	$381,920
2019	$3,827,992	$3,560,154	$954,592	$267,838

IGNITE ENTREPRENEURSHIP ACADEMY INC