NEAR EASTSIDE INNOVATION SCHOOL CO… - Form 990 Financial Data

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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

ROSS PIPPIN

Phone

3172264215

Tax Period

2023-07-01 to 2024-06-30

NEAR EASTSIDE INNOVATION SCHOOL CORP, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $10.0M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $8.8M left a modest 12% surplus.

Mission

THOMAS GREGG NEIGHBORHOOD SCHOOL PREPARES STUDENTS TO CONTRIBUTE TO THE QUALITY OF LIFE OF THEIR COMMUNITY THROUGH RIGOROUS ACADEMICS, PERSONALIZED LEARNING, CIVIC INVOLVEMENT AND SOCIAL/EMOTIONAL SKILL DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $7,658,140 Revenue: $22,406

EXECUTED A SEAMLESS TRANSITION TO A NEW READING CURRICULUM ACROSS BOTH SCHOOL SITES, ENHANCING STUDENT ENGAGEMENT AND LITERACY OUTCOMES WHILE ALIGNING WITH STATE STANDARDS AND INDIVIDUAL STUDENT...

EXECUTED A SEAMLESS TRANSITION TO A NEW READING CURRICULUM ACROSS BOTH SCHOOL SITES, ENHANCING STUDENT ENGAGEMENT AND LITERACY OUTCOMES WHILE ALIGNING WITH STATE STANDARDS AND INDIVIDUAL STUDENT NEEDS.

Program 2

STRATEGICALLY RETAINED CRITICAL STAFF MEMBERS CRUCIAL TO THE LAUNCH OF THE WASHINGTON IRVING NEIGHBORHOOD SCHOOL (WINS) INITIATIVE, ENSURING CONTINUITY IN LEADERSHIP AND INSTRUCTIONAL QUALITY...

STRATEGICALLY RETAINED CRITICAL STAFF MEMBERS CRUCIAL TO THE LAUNCH OF THE WASHINGTON IRVING NEIGHBORHOOD SCHOOL (WINS) INITIATIVE, ENSURING CONTINUITY IN LEADERSHIP AND INSTRUCTIONAL QUALITY, THEREBY FOSTERING A SUPPORTIVE AND STABLE LEARNING ENVIRONMENT.

Program 3

EFFECTIVELY NAVIGATED AND IMPLEMENTED GRADE LEVEL CONFIGURATION ADJUSTMENTS ACROSS BOTH SCHOOL SITES TO ACCOMMODATE A PREK-5 MODEL, ENHANCING EDUCATIONAL CONTINUITY FROM EARLY CHILDHOOD THROUGH...

EFFECTIVELY NAVIGATED AND IMPLEMENTED GRADE LEVEL CONFIGURATION ADJUSTMENTS ACROSS BOTH SCHOOL SITES TO ACCOMMODATE A PREK-5 MODEL, ENHANCING EDUCATIONAL CONTINUITY FROM EARLY CHILDHOOD THROUGH ELEMENTARY YEARS.

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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 $9,969,769

Program Service Revenue $0

Investment Income $35,553

Other Revenue $22,406

TOTAL REVENUE $10,027,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,557,522

Fundraising Expenses $0

Program Expenses $7,658,140

Other Expenses $2,263,715

TOTAL EXPENSES $8,821,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,027,728	$5,715,046	+0.8%
Expenses	$8,821,237	$5,508,761	+0.6%
Net Income	$1,206,491	$206,285	+4.8%

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

102

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

$701,358

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSS PIPPIN	CHIEF EXECUTIVE OFFICER	50.00	Officer	$191,431	$24,729	$216,160
ANUJA PETRUIW	CHIEF OF OPERATING	50.00	Officer	$151,511	$34,864	$186,375
DANA LARSON	CHIEF OF ACADEMICS	50.00	Officer	$151,511	$12,329	$163,840
BRANDON HOUSE	CHIEF OF COMMUNITY ENGAGEMENT	50.00	Officer	$128,695	$6,288	$134,983
JAMES TAYLOR	CHAIR	2.00	Director	$0	$0	$0
ASHLEY ACUFF	VICE CHAIR	2.00	Director	$0	$0	$0
BETH USELMANN	TREASURER	2.00	Director	$0	$0	$0
SUSAN VOGT	SECRETARY	2.00	Director	$0	$0	$0
SUSAN ADAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSH BOWLING	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE BOWLING	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTIANA CESNIK	BOARD MEMBER	2.00	Director	$0	$0	$0
VALERIE DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
TRACY GUERRERO	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIANA LOPEZ-OWENS	BOARD MEMBER	2.00	Director	$0	$0	$0
RANISHA MARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
SHAYNA SANGSTER	BOARD MEMBER	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	$10,027,728	$8,821,237	$2,936,137	$1,206,491
2023	$5,715,046	$5,508,761	$2,111,021	$206,285
2022	$4,234,583	$4,232,809	$1,470,262	$1,774
2021	$4,234,554	$3,763,599	$1,421,995	$470,955
2020	$4,083,947	$3,495,547	$1,321,899	$588,400
2019	$3,445,112	$3,352,143	$560,582	$92,969
2018	$2,835,792	$2,725,490	$560,140	$110,302

NEAR EASTSIDE INNOVATION SCHOOL CORP