Ignite Classical School

EIN: 832476882 501(c)(3) Education

SHREVEPORT, LA

Total Revenue
$268,464
Total Expenses
$254,186
Total Assets
$14,278
Net Assets
$14,278
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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
2019
Legal Domicile
LA
Phone
3184332515
Tax Period
2023-07-01 to 2024-06-30

Ignite Classical School, founded in 2019, is a small nonprofit in the Education sector that reported $268K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $254K left a modest 5% surplus.

Mission

We exist to impact the local community for Christ through an unparalleled Christ - centered Classical education and community involvement for racially and socioeconomically diverse student body

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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 (2023)

Revenue Breakdown

Contributions & Grants $158,445
Program Service Revenue $11,364
Investment Income $0
Other Revenue $98,655
TOTAL REVENUE $268,464

Expense Breakdown

Grants Paid $0
Salaries & Benefits $186,290
Fundraising Expenses $0
Program Expenses $254,186
Other Expenses $67,896
TOTAL EXPENSES $254,186

Year-over-Year Comparison

2023 2022 Change
Revenue $268,464 $173,528 +0.5%
Expenses $254,186 $156,997 +0.6%
Net Income $14,278 $16,531 -0.1%
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

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Governance

Voting Members
2
Independent Members
2
Employees
11
Volunteers
2

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
0
$0
Total Directors
0
$0
Key Employees
1
$4,251
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adia Garrick Wells Head of School 100.00
Key Emp
$4,251 $0 $4,251
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 $268,464 $254,186 $14,278 $14,278
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