ACADEMY OF INNOVATION INC (EIN 813180774) - 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

Legal Domicile

Principal Officer

CAROL HENDERSON

Phone

6785366898

Tax Period

2024-06-01 to 2025-05-31

ACADEMY OF INNOVATION INC, founded in 2016, is a small nonprofit in the Education sector that reported $653K in total revenue in fiscal year 2024. Expenses of $832K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE MISSION OF ACADEMY OF INNOVATION IS TO MAXIMIZE THE POTENTIAL OF STUDENTS WITH LEARNING DISABILITIES AND DEVELOP FOUNDATIONS FOR SUCCESS.

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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 $80,046

Program Service Revenue $545,953

Investment Income $22,184

Other Revenue $5,253

TOTAL REVENUE $653,436

Expense Breakdown

Grants Paid $171,185

Salaries & Benefits $459,505

Fundraising Expenses $8,889

Program Expenses $713,918

Other Expenses $201,497

TOTAL EXPENSES $832,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$653,436	$676,022	0.0%
Expenses	$832,187	$810,341	+0.0%
Net Income	$-178,751	$-134,319	+0.3%

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

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

$75,938

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL HENDERSON	HEAD OF SCHO	40.00	Officer	$75,938	$0	$75,938
ADAM BLACKWELL	DIRECTOR	1.00	Officer Director	$0	$0	$0
ANTHONY DYE	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
BRENT HATCHER	SECRETARY	2.00	Officer Director	$0	$0	$0
SARA LYLE	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA MEGAHEE	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER WELCH	DIRECTOR	1.00	Director	$0	$0	$0
AVA H WHITE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ZOLLER	DIRECTOR	1.00	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	$653,436	$832,187	$588,950	$-178,751
2024	$676,022	$810,341	$821,432	$-134,319
2023	$791,735	$764,883	$950,632	$26,852
2022	$974,859	$770,080	$918,509	$204,779
2021	$876,515	$707,390	$783,476	$169,125
2020	$708,769	$580,212	$612,941	$128,557
2019	$703,454	$533,088	$407,154	$170,366

ACADEMY OF INNOVATION INC