GENESIS INNOVATION ACADEMY INC (EIN 814056534) - 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

2015

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

GENESIS INNOVATION ACADEMY INC, founded in 2015, is a mid-sized nonprofit in the Education sector that reported $11.3M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $13.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO CREATE THE NEXT GENERATION OF PATH-BREAKING INNOVATORS, WHO MAXIMIZE THEIR TALENTS AND ASSETS, PURSUE THEIR UNIQUE VISION, PURPOSE AND PASSION; AND LEAD BY SERVING WITH UNCOMPROMISING DISCIPLINE AND INTEGRITY.

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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 $1,434,896

Program Service Revenue $9,510,372

Investment Income $0

Other Revenue $353,143

TOTAL REVENUE $11,298,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,857,672

Other Expenses $13,072,763

TOTAL EXPENSES $13,072,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,298,411	$12,674,616	-0.1%
Expenses	$13,072,763	$12,895,897	+0.0%
Net Income	$-1,774,352	$-221,281	+7.0%

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

$174,458

Total Directors

$174,458

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
GAVIN A SAMMS	HEAD OF SCHOOLS	Officer Director	$174,458	$0	$174,458
KEISHIA NIBLACK	BOARD MEMBER	Director	$0	$0	$0
JEFF LAWRENCE	BOARD MEMBER	Director	$0	$0	$0
MARISSA J COLEMAN	BOARD MEMBER	Director	$0	$0	$0
DARYL C JONES	BOARD MEMBER	Director	$0	$0	$0
EDDIE BRADFORD	TREASURER	Officer Director	$0	$0	$0
TOMIKA JONES	BOARD CHAIR	Officer Director	$0	$0	$0
MARCUS SHUTE SR	VICE CHAIR	Officer 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	$11,298,411	$13,072,763	$18,324,015	$-1,774,352
2023	$12,674,616	$12,895,897	$20,948,334	$-221,281
2022	$11,246,482	$9,964,672	$15,607,375	$1,281,810
2021	$10,227,224	$9,713,470	$13,756,801	$513,754
2020	$8,713,527	$7,631,616	$12,422,792	$1,081,911
2019	$6,906,383	$6,005,505	$8,628,850	$900,878

GENESIS INNOVATION ACADEMY INC