INDIVIDUAL EDUCATION PLAN ACADEMY INC (EIN 814236838) - 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

STEVEN WHITEACRE

Phone

4077295974

Tax Period

2024-07-01 to 2025-06-30

INDIVIDUAL EDUCATION PLAN ACADEMY INC, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $23.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $22.7M left a modest 5% surplus.

Mission

EDUCATIONAL TUITION PLAN

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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 $2,150,011

Program Service Revenue $21,601,538

Investment Income $60,059

Other Revenue $50,875

TOTAL REVENUE $23,862,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,888,702

Fundraising Expenses $0

Program Expenses $20,819,457

Other Expenses $11,779,056

TOTAL EXPENSES $22,667,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,862,483	$19,700,140	+0.2%
Expenses	$22,667,758	$17,646,858	+0.3%
Net Income	$1,194,725	$2,053,282	-0.4%

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

421

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

$259,200

Total Directors

$259,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN WHITEACRE	DIRECTOR	1.00	Officer Director	$129,600	$0	$129,600
PETE BALDWIN	DIRECTOR	1.00	Officer Director	$129,600	$0	$129,600

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	$23,862,483	$22,667,758	$18,426,762	$1,194,725
2024	$19,700,140	$17,646,858	$19,490,498	$2,053,282
2023	$17,566,177	$15,631,468	$7,539,279	$1,934,709
2022	$16,453,075	$12,071,580	$5,569,257	$4,381,495
2020	$2,396,370	$1,480,187	$1,008,036	$916,183
2019	$1,799,442	$1,701,071	$109,291	$98,371
2018	$1,508,884	$1,499,031	$10,920	$9,853

INDIVIDUAL EDUCATION PLAN ACADEMY INC