INVICTUS ACADEMY INC (EIN 823352415) - 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

2018

Legal Domicile

Principal Officer

SHAWN BENJAMIN

Phone

5109940888

Tax Period

2022-07-01 to 2023-06-30

INVICTUS ACADEMY INC, founded in 2018, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2022. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

INVICTUS ACADEMY OF RICHMOND PREPARES 100% OF STUDENTS IN GRADES 7-10 TO THRIVE IN COLLEGE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,927,558

Program Service Revenue $0

Investment Income $2,273

Other Revenue $42,464

TOTAL REVENUE $4,972,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,436,861

Fundraising Expenses $0

Program Expenses $4,563,012

Other Expenses $1,479,148

TOTAL EXPENSES $4,916,009

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,972,295	$3,624,686	+0.4%
Expenses	$4,916,009	$3,441,223	+0.4%
Net Income	$56,286	$183,463	-0.7%

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

$179,691

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF MANASSERO	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS KELLY	SECRETARY	2.00	Officer Director	$0	$0	$0
KELLY ELLIS	TREASURER	2.00	Officer Director	$0	$0	$0
RHONDA BURTON	MEMBER	2.00	Director	$0	$0	$0
LESLIE WARD	PARENT REPRESENTATIVE	2.00	Director	$0	$0	$0
LAURA ANDERSEN	MEMBER	2.00	Director	$0	$0	$0
ERNEST PETERSON	MEMBER	2.00	Director	$0	$0	$0
SHAWN BENJAMIN	EXECUTIVE DIRECTOR	40.00	Officer	$166,158	$13,533	$179,691
LAUREN RAHLSON	HIGH SCHOOL PRINCIPAL	40.00	Highest	$103,500	$2,558	$106,058
SARAH RHEE	MIDDLE SCHOOL PRINCIPAL	40.00	Highest	$113,133	$11,868	$125,001
MEKA TULL	SCHOOL PSYCHOLOGIST	40.00	Highest	$127,259	$9,041	$136,300

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	No data	No data	No data	No data
2023	$4,972,295	$4,916,009	$2,635,818	$56,286
2022	$3,624,686	$3,441,223	$1,561,143	$183,463
2021	$2,998,318	$2,692,200	$1,645,075	$306,118
2020	$2,295,308	$1,908,058	$1,206,246	$387,250
2019	$1,512,756	$1,341,096	$592,928	$171,660

INVICTUS ACADEMY INC