PILOTED SCHOOLS OF INDIANA INC

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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

2017

Legal Domicile

Principal Officer

LAKISHA MOLIN

Phone

3174385426

Tax Period

2024-07-01 to 2025-06-30

PILOTED SCHOOLS OF INDIANA INC, founded in 2017, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2024.

Mission

PILOTED SCHOOLS IS AN ELEMENTARY CHARTER SCHOOL FOCUSED ON EMPOWERING STUDENTS IN THE WAY THEY SEEM THEMSELVES THROUGH A MODEL OF SOCIAL IDENTITY DEVELOPMENT, CIVIC ENGAGEMENT, AND ACADEMIC EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $2,603,650 Revenue: $242,208

THE CHARTER WAS EFFECTIVE THROUGH JUNE 30, 2025, AT WHICH TIME THE SCHOOL ESTABLISHED PLANS TO DISSOLVE THE LEGAL ENTITY PILOTED SCHOOLS OF INDIANA, INC. D/B/A BETHEL PARK ELEMENTARY. THE SCHOOL...

THE CHARTER WAS EFFECTIVE THROUGH JUNE 30, 2025, AT WHICH TIME THE SCHOOL ESTABLISHED PLANS TO DISSOLVE THE LEGAL ENTITY PILOTED SCHOOLS OF INDIANA, INC. D/B/A BETHEL PARK ELEMENTARY. THE SCHOOL SERVED APPROXIMATELY 225 STUDENTS IN KINDERGARTEN THROUGH SIXTH GRADE DURING THE 2024-2025 SCHOOL YEAR (215 STUDENTS DURING THE 2023-2024 SCHOOL YEAR). THE SCHOOL CLOSED EFFECTIVELY AT THE END OF THE 2024-2025 SCHOOL YEAR AS LIQUIDATION WAS DEEMED IMMINENT BY MANAGEMENT. THE DISSOLUTION PROCEDURES OUTLINED IN THE SCHOOL'S ARTICLES OF INCORPORATION REQUIRE THE TRANSFER OF ANY REMAINING ASSETS TO ANOTHER NONPROFIT ORGANIZATION SELECTED BY THE BOARD OF DIRECTORS AND ORGANIZED WITH A SIMILAR PURPOSE AS THE SCHOOL.

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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 $3,166,652

Program Service Revenue $170,903

Investment Income $0

Other Revenue $71,305

TOTAL REVENUE $3,408,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,006,754

Fundraising Expenses $0

Program Expenses $2,603,650

Other Expenses $1,318,138

TOTAL EXPENSES $3,324,892

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,408,860	$3,183,825	+0.1%
Expenses	$3,324,892	$3,515,584	-0.1%
Net Income	$83,968	$-331,759	-1.3%

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

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

$182,822

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNICA ADKINS	PRINCIPAL	40.00	Officer	$84,633	$12,845	$97,478
JADE WELCH	PRINCIPAL	40.00	Officer	$74,884	$10,460	$85,344
JACOB TANDY	CHAIR	1.00	Officer Director	$0	$0	$0
SARAH DILLINGER	SECRETARY	1.00	Officer Director	$0	$0	$0
LAKISHA MOLIN	TREASURER	1.00	Officer Director	$0	$0	$0
AUTUMN CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
TARA SUMRALL	BOARD MEMBER	1.00	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	$3,408,860	$3,324,892	$2,103,864	$83,968
2024	$3,183,825	$3,515,584	$2,299,757	$-331,759
2023	$3,165,851	$3,250,017	$2,648,403	$-84,166
2022	$2,869,746	$3,203,131	$2,822,958	$-333,385
2021	$3,163,291	$2,499,533	$3,397,936	$663,758
2019	$1,561,810	$1,912,442	$3,036,445	$-350,632