Illinois Math Academy NFP (EIN 822490399) - 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

2017

Legal Domicile

Principal Officer

Prasad V Parupalli

Phone

3092652972

Tax Period

2024-01-01 to 2024-12-31

Illinois Math Academy NFP, founded in 2017, is a small nonprofit in the Education sector that reported $132K in total revenue in fiscal year 2024. Revenue surged 117% from the prior year, signaling strong growth momentum. Expenses of $125K left a modest 5% surplus.

Mission

Inspire youth to develop their interest in science, technology, engineering and math.

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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 $10,767

Program Service Revenue $121,437

Investment Income $0

Other Revenue $157

TOTAL REVENUE $132,361

Expense Breakdown

Grants Paid $95,189

Salaries & Benefits $11,734

Fundraising Expenses $0

Program Expenses $125,275

Other Expenses $18,352

TOTAL EXPENSES $125,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,361	$60,908	+1.2%
Expenses	$125,275	$59,194	+1.1%
Net Income	$7,086	$1,714	+3.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael L Render	President	4.00	Officer	$0	$0	$0
Prasad V Parupalli	Vice Pres./Sect./Treasurer	15.00	Officer	$0	$0	$0
Sandra Wilson	Director	1.00	Director	$0	$0	$0
Jana Hunzicker	Director	1.00	Director	$0	$0	$0
Leslie Pualson	Director	1.00	Director	$0	$0	$0
Meenakshy Aiyer	Director	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
2024	$132,361	$125,275	$30,482	$7,086
2023	$60,908	$59,194	$27,771	$1,714
2022	$46,966	$35,753	$30,330	$11,213
2021	$12,679	$15,491	$11,118	$-2,812
2020	$32,988	$23,267	$14,409	$9,721
2019	$34,312	$35,351	$5,190	$-1,039
2018	$39,792	$42,145	$5,856	$-2,353

Illinois Math Academy NFP