PATEL INSTITUTE FOR INNOVATION INC (EIN 831540460) - 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

JENNY ZHENG

Phone

8136298950

Tax Period

2024-07-01 to 2025-06-30

PATEL INSTITUTE FOR INNOVATION INC, founded in 2018, is a mid-sized nonprofit in the Education sector that reported $13.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $11.1M left a modest 14% surplus.

Mission

TO OPERATE TWO PUBLIC CHARTER SCHOOLS IN HILLSBOROUGH COUNTY, FLORIDA.

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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 $0

Program Service Revenue $11,476,995

Investment Income $0

Other Revenue $1,512,642

TOTAL REVENUE $12,989,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,863,445

Other Expenses $11,147,065

TOTAL EXPENSES $11,147,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,989,637	$11,213,394	+0.2%
Expenses	$11,147,065	$10,210,023	+0.1%
Net Income	$1,842,572	$1,003,371	+0.8%

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

165

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

$210,545

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM AKE	CHAIRMAN	0.50	Director	$0	$0	$0
CAROL MILTON	VICE PRESIDENT	0.50	Director	$0	$0	$0
JENNY ZHENG	TREASURER	0.50	Director	$0	$0	$0
RAYMOND JACOBS	SECRETARY	0.50	Director	$0	$0	$0
KAVITA JAIN	MEMBER	0.50	Director	$0	$0	$0
LAUREN CARNELL	PRINCIPAL	40.00	Key Emp Highest	$102,546	$0	$102,546
ASHLEY GALFOND	PRINCIPAL	40.00	Key Emp Highest	$107,999	$0	$107,999

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	$12,989,637	$11,147,065	$23,772,364	$1,842,572
2024	$11,213,394	$10,210,023	$21,975,241	$1,003,371
2023	$10,257,129	$9,102,586	$21,766,619	$1,154,543
2022	$6,852,880	$5,297,107	$13,385,437	$1,555,773
2021	$3,985,007	$3,169,723	$1,271,920	$815,284
2020	$2,562,210	$2,246,568	$403,546	$315,642

PATEL INSTITUTE FOR INNOVATION INC