IVY ACADEMYS SKILLERN ELEMENTARY INC (EIN 843921365) - 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

ANGIE MARKUM

Phone

4236547308

Tax Period

2024-07-01 to 2025-06-30

IVY ACADEMYS SKILLERN ELEMENTARY INC, founded in 2019, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 10% surplus.

Mission

TO CULTIVATE THE MIND, BODY, AND HEART OF EACH STUDENT THROUGH A CLASSICAL, CONTENT-RICH EDUCATION.

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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 $255,619

Program Service Revenue $3,817,551

Investment Income $10,917

Other Revenue $59,384

TOTAL REVENUE $4,143,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,851,067

Fundraising Expenses $0

Program Expenses $3,559,226

Other Expenses $881,460

TOTAL EXPENSES $3,732,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,143,471	$2,712,863	+0.5%
Expenses	$3,732,527	$2,290,341	+0.6%
Net Income	$410,944	$422,522	0.0%

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

200

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

$158,499

Total Directors

$87,446

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN HOLLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
SHERRIE FORD	SECRETARY	1.00	Officer Director	$0	$0	$0
VICTORIA BLEVINS	DIRECTOR	1.00	Director	$0	$0	$0
KATHY WILSON	TREASURER	1.00	Officer Director	$0	$0	$0
RON JONES	PRESIDENT	1.00	Officer Director	$0	$0	$0
COREY HOLLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
NILCA BILLOW	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE MARKUM	CEO	40.00	Officer Director	$87,446	$0	$87,446
DR PATTI SKATES	DIRECTOR (ENDED JUNE 2025)	1.00	Director	$0	$0	$0
RYAN S DIXON	HEAD OF SCHOOL	40.00	Officer	$71,053	$0	$71,053

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	$4,143,471	$3,732,527	$5,583,250	$410,944
2024	$2,712,863	$2,290,341	$2,162,354	$422,522
2023	$1,853,813	$1,124,077	$1,806,105	$729,736
2022	$305,304	$210,004	$159,709	$95,300

IVY ACADEMYS SKILLERN ELEMENTARY INC