THE INNOVATION SCHOOL

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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

Tax Period

2023-07-01 to 2024-06-30

THE INNOVATION SCHOOL, founded in 2016, is a small nonprofit in the Education sector that reported $469K in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $135K, a strong 29% operating margin.

Mission

AT THE INNOVATION SCHOOL WE BELIEVE EACH CHILD IS AN INDIVIDUAL CREATIVE BEING. THE INNOVATION SCHOOL RESPECTS THE INDIVIDUAL NEEDS OF CHILDREN; FOSTERS A CARING AND CREATIVE ENVIRONMENT; AND EMPHASIZES THE SOCIAL, EMOTIONAL, PHYSICAL AND INTELLECTIONAL DEVELOPMENT OF EACH CHILD.

Program Service Accomplishments

Program 1

Expenses: $212,882 Revenue: $259,134

PRIVATE K-6 ELEMENTARY SCHOOL, OPENED FALL 2018 FOR ITS INAUGURAL YEAR. 15 STUDENTS WERE ENROLLED IN THE INITIAL CLASS; 15% OF WHOM HAD SPECIAL NEEDS INCLUDING ADHD AND AUTISM. 40 STUDENTS WERE...

PRIVATE K-6 ELEMENTARY SCHOOL, OPENED FALL 2018 FOR ITS INAUGURAL YEAR. 15 STUDENTS WERE ENROLLED IN THE INITIAL CLASS; 15% OF WHOM HAD SPECIAL NEEDS INCLUDING ADHD AND AUTISM. 40 STUDENTS WERE ENROLLED IN THE CURRENT SCHOOL YEAR, AND THE SCHOOL HAS EXPANDED TO PREK THROUGH GRADE 8. THE INNOVATION SCHOOL PROVIDES HANDS ON AND INDIVIDUALIZED LEARNING, STUDENT-LED INQUIRY BASED LESSONS, COMMUNITY BUILDING AND FOCUSES ON SOCIAL AND EMOTIONAL INTELLIGENCE IN ADDITION TO ACADEMICS.

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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 $259,134

Program Service Revenue $208,499

Investment Income $0

Other Revenue $1,328

TOTAL REVENUE $468,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,387

Fundraising Expenses $180

Program Expenses $212,882

Other Expenses $121,235

TOTAL EXPENSES $333,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$468,961	$271,295	+0.7%
Expenses	$333,622	$252,422	+0.3%
Net Income	$135,339	$18,873	+6.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY TRAYNOR	DIRECTOR	1.00	Director	$0	$0	$0
RYAN BARTH	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI WOODS	EXECUTIVE DIRECTOR	25.00	Officer	$0	$0	$0
ERIN BOLINGER	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
VACANT	SECRETARY	0.00	Officer	$0	$0	$0
BRAD HICE	PRESIDENT	1.00	Officer	$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	$468,961	$333,622	$164,660	$135,339
2023	$271,295	$252,422	$41,320	$18,873
2022	$309,269	$293,660	$26,275	$15,609
2021	$284,589	$295,904	$24,207	$-11,315
2020	$181,833	$169,930	$47,679	$11,903
2019	$222,115	$214,099	$23,386	$8,016
2018	$189,723	$227,177	$8,037	$-37,454