MATCHBOOK LEARNING SCHOOLS OF INDIANA

EIN: 823016780 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$17,980,503
Total Expenses
$13,769,855
Total Assets
$30,967,357
Net Assets
$10,943,705
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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
IN
Principal Officer
DON STEWART
Phone
3172264263
Tax Period
2024-07-01 to 2025-06-30

MATCHBOOK LEARNING SCHOOLS OF INDIANA, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $18.0M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.2M, a strong 23% operating margin.

Mission

PERSONALIZING EDUCATION TO MEET INDIVIDUAL NEEDS SO THAT ALL OF OUR STUDENTS CAN ACHIEVE AT HIGH LEVELS AND BECOME COMPETENT GLOBAL CITIZENS.

Program Service Accomplishments

Program 1
Expenses: $10,678,959 Revenue: $120,250

THE SCHOOL SERVED APPROXIMATELY 700 STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHTH DURING THE 2024-2025 SCHOOL YEAR (690 STUDENTS DURING THE 2023-2024 SCHOOL YEAR).

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,411,980
Program Service Revenue $0
Investment Income $448,273
Other Revenue $120,250
TOTAL REVENUE $17,980,503

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,600,806
Fundraising Expenses $0
Program Expenses $10,678,959
Other Expenses $6,169,049
TOTAL EXPENSES $13,769,855

Year-over-Year Comparison

2024 2023 Change
Revenue $17,980,503 $15,019,488 +0.2%
Expenses $13,769,855 $10,673,560 +0.3%
Net Income $4,210,648 $4,345,928 0.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
152
Volunteers
13

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
2
$131,354
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON STEWART CHIEF OPERATING OFFICER 50.00
Officer
$112,750 $18,604 $131,354
SAJAN GEORGE CHAIRMAN 1.00
Officer Director
$0 $0 $0
MICHAEL COSACK FINANCE CHAIR 1.00
Director
$0 $0 $0
JENNIFER POON ACADEMIC COMMITTEE CHAIR 1.00
Director
$0 $0 $0
ALI KING BOARD MEMBER 1.00
Director
$0 $0 $0
KAYLA MOODY-GRANT BOARD MEMBER 1.00
Director
$0 $0 $0
DR KURT NELSON ACADEMIC COMMITTEE 1.00
Director
$0 $0 $0
JOHN POLK FINANCE COMMITTEE 1.00
Director
$0 $0 $0
WILLIAM TAFT 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 $17,980,503 $13,769,855 $30,967,357 $4,210,648
2024 No data No data No data No data
2023 $9,112,577 $9,159,352 $7,733,089 $-46,775
2022 $8,618,515 $8,761,857 $2,813,040 $-143,342
2021 $8,247,292 $6,930,636 $3,031,162 $1,316,656
2020 $6,338,495 $5,974,368 $2,325,625 $364,127
2019 $6,279,237 $5,418,423 $1,194,207 $860,814
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