IDEA FLORIDA INC

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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

Principal Officer

CHRISTINA BARKER

Phone

9563326311

Tax Period

2023-07-01 to 2024-06-30

IDEA FLORIDA INC, founded in 2019, is a mid-sized nonprofit in the Education sector that reported $74.3M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $64.8M left a modest 13% surplus.

Mission

IDEA FLORIDA PREPARES STUDENTS FROM UNDERSERVED COMMUNITIES TO BE SUCCESSFUL COLLEGE STUDENTS AND RESPONSIBLE CITIZENS BY PROVIDING EDUCATIONAL SERVICES TO STUDENTS. IDEA FLORIDA SERVES STUDENTS IN GRADES K-9 AND WILL GROW TO SERVE GRADES K-12 WHEN FULLY SCALED.

Program Service Accomplishments

Program 1

Expenses: $58,579,418

IDEA PUBLIC SCHOOLS BELIEVES EACH AND EVERY CHILD CAN GO TO COLLEGE. SINCE 2000, IDEA PUBLIC SCHOOLS HAS GROWN FROM A SMALL SCHOOL WITH 150 STUDENTS TO A NATIONAL NETWORK OF TUITION-FREE K-12 PUBLIC CHARTER SCHOOLS IN THE UNITED STATES. THE NETWORK CURRENTLY SERVES OVER 80,000 COLLEGE-BOUND STUDENTS IN 143 SCHOOLS. THROUGH SMALL LEARNING GROUPS AND DAILY ACCESS TO TECHNOLOGY, EVERY STUDENT LEARNS AT THE LEVEL AND SPEED JUST RIGHT FOR THEM. TEACHERS BRING SUBJECT MATTER EXPERTISE AND AN UNWAVERING COMMITMENT TO SET EACH STUDENT ON A PATH TO SUCCESS. PARENTS, TEACHERS, AND ADMINISTRATORS WORK AS A TEAM TO HELP EACH STUDENT REACH THEIR FULL POTENTIAL. FOR THE 2023-2024 ACADEMIC YEAR, IDEA FLORIDA SERVED 1,689 STUDENTS ACROSS FOUR CAMPUSES IN THE TAMPA BAY AREA. IDEA FLORIDA ALSO OPENED FOUR ADDITIONAL SCHOOLS IN THE JACKSONVILLE AREA, SERVING 1,411 STUDENTS. THE SCHOOLS OPENED WITH GRADES K-9 AND WILL GROW TO SERVE GRADES K-12 WHEN FULLY SCALED.

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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 $74,030,847

Program Service Revenue $0

Investment Income $0

Other Revenue $316,234

TOTAL REVENUE $74,347,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,181,451

Fundraising Expenses $0

Program Expenses $58,579,418

Other Expenses $63,592,018

TOTAL EXPENSES $64,773,469

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,347,081	$51,759,566	+0.4%
Expenses	$64,773,469	$51,493,720	+0.3%
Net Income	$9,573,612	$265,846	+35.0%

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

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

Total Directors

Key Employees

$379,934

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HARTMAN	EXECUTIVE DI	40.00	Key Emp	$0	$15,384	$190,900
SIMARAN BAKSHI	EXECUTIVE DI	40.00	Key Emp	$0	$14,933	$189,034
CURTIS LAWRENCE	PRINCIPAL	40.00	Highest	$136,278	$15,245	$151,523
JANINE VALENTIN	MANAGING DIR	40.00	Highest	$0	$9,935	$136,208
LATOYA MCGHEE	PRINCIPAL	40.00	Highest	$118,452	$8,951	$127,403
KATOYA MCCASKILL	PRINCIPAL	40.00	Highest	$112,208	$9,339	$121,547
LATOYA SPANN	PRINCIPAL	40.00	Highest	$108,739	$11,007	$119,746
RENEE BAKER	TREASURER	6.00	Officer Director	$0	$0	$0
CHRISTINA BARKER	CHAIR	6.00	Officer Director	$0	$0	$0
GARY CHARTRAND	DIRECTOR	6.00	Director	$0	$0	$0
NICK RHODES	DIRECTOR	6.00	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	No data	No data	No data	No data
2024	$74,347,081	$64,773,469	$163,773,698	$9,573,612
2023	$51,759,566	$51,493,720	$38,237,857	$265,846
2022	$28,549,811	$29,470,141	$10,711,541	$-920,330
2021	$8,920,816	$8,690,437	$6,472,132	$230,379
2020	$1,084,423	$1,037,578	$2,638,996	$46,845