IGNITE ACADEMY INC (EIN 814874677) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

JUSTIN GINGERICH

Phone

7279006164

Tax Period

2023-07-01 to 2024-06-30

IGNITE ACADEMY INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $221K, a strong 20% operating margin.

Mission

CREATE LEARNING ENVIRONMENTS THAT IGNITE BOUNDLESS GROWTH BY IMMERSING KIDS IN REAL HEALTH TO IMPACT THE WORLD

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $133,163

Program Service Revenue $988,794

Investment Income $3,259

Other Revenue $0

TOTAL REVENUE $1,125,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $674,750

Fundraising Expenses $0

Program Expenses $904,279

Other Expenses $229,529

TOTAL EXPENSES $904,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,125,216	$930,134	+0.2%
Expenses	$904,279	$804,198	+0.1%
Net Income	$220,937	$125,936	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$140,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA SERRANO	PRESIDENT OF BOARD	40	Officer	$70,000	$0	$70,000
JUSTIN GINGERICH	SECRETARY OF BOARD	40	Officer	$70,000	$0	$70,000
KYLE LOOMIS	BOARD MEMBER	2.00	Director	$0	$0	$0
MATTHEW HOUSH	BOARD MEMBER	2	Director	$0	$0	$0
CONNIE SMITH	BOARD MEMBER	2	Director	$0	$0	$0
SARAH MALANOWSKI	BOARD MEMBER	2	Director	$0	$0	$0
STACEY BARTLETT	BOARD MEMBER	2	Director	$0	$0	$0
BRIAN ZAAS	BOARD MEMBER	2	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	$1,125,216	$904,279	$564,649	$220,937
2023	$930,134	$804,198	$333,105	$125,936
2022	$591,378	$461,234	$222,424	$130,144
2021	$351,989	$289,739	$86,890	$62,250

IGNITE ACADEMY INC