INSTITUTE OF TAOIST EDUCATION AND ACCUPUNCTURE INC

EIN: 841337452 501(c)(3) Education

LOUISVILLE, CO

Total Revenue
$1,434,741
Total Expenses
$1,438,823
Total Assets
$480,882
Net Assets
$110,809
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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
1996
Legal Domicile
CO
Phone
7208908922
Tax Period
2024-09-01 to 2025-08-31

INSTITUTE OF TAOIST EDUCATION AND ACCUPUNCTURE INC, founded in 1996, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 113% from the prior year, signaling strong growth momentum.

Mission

The Institute of Taoist Education and Acupuncture, Inc. (ITEA) is dedicated to excellence in the teaching of pure Classical Five-Element Acupuncture (CF-EA), as taught by J.R. and J.B. Worsley. The school is committed to producing graduates who have a deep understanding and respect for the integrity of the human body, mind, and spirit as it exists within nature, and who have developed the inner qualities needed to be effective healers. The Institute is further committed to serving the public at the highest levels of competence and knowledge of CF-EA, through inspiring its graduates to educate the public and to teach future students.

Program Service Accomplishments

Program 1
Expenses: $987,560

TO PROVIDE STUDENTS WITH THE BASIC KNOWLEDGE OF CLASSICAL 5 ELEMENT ACUPUNCTURE AND ITS PHILOSOPY. PROGRAM REQUIRES OVER 3000 HOURS OF CLASSROOM AND LAB INSTRUCTION.

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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 $39,318
Program Service Revenue $1,389,473
Investment Income $32
Other Revenue $5,918
TOTAL REVENUE $1,434,741

Expense Breakdown

Grants Paid $0
Salaries & Benefits $369,672
Fundraising Expenses $5,942
Program Expenses $987,560
Other Expenses $1,069,151
TOTAL EXPENSES $1,438,823

Year-over-Year Comparison

2024 2023 Change
Revenue $1,434,741 $672,285 +1.1%
Expenses $1,438,823 $760,250 +0.9%
Net Income $-4,082 $-87,965 -1.0%
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
5
Independent Members
5
Employees
8
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
6
$178,010
Total Directors
7
$178,010
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRITTANY SANELLI President 40.00
Officer Director
$68,667 $0 $68,667
HILARY SKELLON VISIONARY 40.00
Officer Director
$65,000 $0 $65,000
KATHY KNAUS Asst Treasurer 40.00
Officer Director
$44,343 $0 $44,343
MARY ABLE CHAIR 2.00
Officer Director
$0 $0 $0
SABEEHA KURJI Treasurer/SEC 2.00
Officer Director
$0 $0 $0
JOE WHITE ASST SECRETARY 2.00
Officer Director
$0 $0 $0
DAVID TUCKER VICE CHAIR 2.00
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 $1,434,741 $1,438,823 $480,882 $-4,082
2024 $672,285 $760,250 $528,416 $-87,965
2023 $726,039 $729,678 $663,820 $-3,639
2022 $594,066 $589,516 $221,218 $4,550
2021 $635,633 $540,226 $208,975 $95,407
2020 $519,251 $454,074 $152,764 $65,177
2019 $471,162 $471,072 $86,952 $90
2018 $460,099 $508,455 $63,107 $-48,356
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