ADELANTE SCHOOLS INC (EIN 843574341) - 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

2019

Legal Domicile

Principal Officer

EDWARD RANGEL

Phone

3172264272

Tax Period

2024-07-01 to 2025-06-30

ADELANTE SCHOOLS INC, founded in 2019, is a community nonprofit in the Education sector that reported $7.9M in total revenue in fiscal year 2024. Expenses of $7.2M left a modest 9% surplus.

Mission

ADELANTE SCHOOLS IS COMMITTED TO CONTINUOUSLY IMPROVING THE EDUCATIONAL OUTCOMES FOR ITS SCHOLARS IN SOLIDARITY WITH FAMILIES AND OUR COMMUNITY. WE ARE WORKING TO CREATE A JOYOUS NEIGHBORHOOD SCHOOL, PREPARING ALL SCHOLARS TO GRADUATE FROM COLLEGE AND LEAD LIVES OF LEADERSHIP AND SERVICE TO INDIANAPOLIS.

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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 $7,837,718

Program Service Revenue $0

Investment Income $35,910

Other Revenue $63,606

TOTAL REVENUE $7,937,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,164,584

Fundraising Expenses $0

Program Expenses $5,267,175

Other Expenses $2,057,623

TOTAL EXPENSES $7,222,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,937,234	$7,378,383	+0.1%
Expenses	$7,222,207	$6,609,623	+0.1%
Net Income	$715,027	$768,760	-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

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

$315,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD RANGEL	EXECUTIVE DIRECTOR	50.00	Officer	$146,425	$25,500	$171,925
JORDAN HABAYEB	CHIEF OPERATING OFFICER	50.00	Officer	$125,345	$18,126	$143,471
KRISTY KAINRATH	BOARD PRESIDENT	15.00	Officer Director	$0	$0	$0
NELSON FRECH	SECRETARY	5.00	Officer Director	$0	$0	$0
MATTHEW MEER	TREASURER	5.00	Officer Director	$0	$0	$0
BARBRA BURCOPE	BOARD MEMBER	5.00	Director	$0	$0	$0
MARGARITA HOPE MUNN	BOARD MEMBER	5.00	Director	$0	$0	$0
MARY STATEN	BOARD MEMBER	5.00	Director	$0	$0	$0
MATTHEW WHITLEY	BOARD MEMBER	5.00	Director	$0	$0	$0
RACHEL SCOTT	BOARD MEMBER	5.00	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	$7,937,234	$7,222,207	$5,899,245	$715,027
2024	$7,378,383	$6,609,623	$5,359,578	$768,760
2023	$6,940,866	$5,394,283	$4,315,846	$1,546,583
2022	$6,396,040	$5,130,929	$2,763,608	$1,265,111
2021	$4,822,349	$3,786,048	$1,639,729	$1,036,301

ADELANTE SCHOOLS INC