I3 ACADEMY

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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

DR MARTIN NALLS

Phone

2054035777

Tax Period

2023-10-01 to 2024-09-30

I3 ACADEMY, founded in 2018, is a mid-sized nonprofit in the Education sector that reported $17.7M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $16.5M left a modest 7% surplus.

Mission

TO EMPOWER LEARNERS TO BECOME AGENTS OF CHANGE WHO SOLVE THE PROBLEMS THEY SEE IN THEIR WORLD.

Program Service Accomplishments

Program 1

Expenses: $11,898,806 Revenue: $44,098

THE ACADEMY RUNS AN ALABAMA PUBLIC CHARTER SCHOOL SERVING KINDERGARTEN THROUGH NINTH GRADE STUDENTS.

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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 $17,677,836

Program Service Revenue $44,098

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,721,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,020,726

Fundraising Expenses $0

Program Expenses $11,898,806

Other Expenses $7,525,983

TOTAL EXPENSES $16,546,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,721,934	$12,721,388	+0.4%
Expenses	$16,546,709	$12,277,539	+0.3%
Net Income	$1,175,225	$443,849	+1.6%

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

325

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

$196,006

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BICE	CHAIRMAN	10.00	Officer Director	$0	$0	$0
BOBBY HUMPHREY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LASHUNTA BOLER	SECRETARY	5.00	Officer Director	$0	$0	$0
TANESHA SIMS-SUMMERS	DIRECTOR	5.00	Director	$0	$0	$0
SELENA RODGERS DICKERSON	DIRECTOR	5.00	Director	$0	$0	$0
JOE AYERS	DIRECTOR	5.00	Director	$0	$0	$0
JOE MCCARTY	DIRECTOR	5.00	Director	$0	$0	$0
JESSICA MORALES	DIRECTOR	5.00	Director	$0	$0	$0
CINDY SHACKELFORD	DIRECTOR	5.00	Director	$0	$0	$0
REV GARRETT HARPER	DIRECTOR	5.00	Director	$0	$0	$0
MARTIN NALLS	HEAD OF SCHOOL	40.00	Officer	$149,315	$0	$149,315
DYLAN FERNIANY	CHIEF ACADEMIC OFFICER	40.00	Officer	$46,691	$0	$46,691
SUSAN RICH	DIRECTOR OF STUDENT SERVICES	40.00	Highest	$115,671	$0	$115,671
TAMALA MADDOX	PRINCIPAL	40.00	Highest	$145,689	$0	$145,689
DOMINIQUE PRINCE	LITERACY COACH	40.00	Highest	$101,951	$0	$101,951
ENJULL BULLOCK	PRINCIPAL	40.00	Highest	$103,518	$0	$103,518
JOHNMARK EDWARDS	DIRECTOR OF OPERATIONS	40.00	Highest	$115,805	$0	$115,805

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	$17,721,934	$16,546,709	$17,509,635	$1,175,225
2022	$9,927,086	$9,831,436	$1,680,477	$95,650
2018	$250,000	$133,287	$116,713	$116,713