Idaho Novus Classical Academy

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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

2020

Legal Domicile

Principal Officer

Marv Lasnick

Phone

2083919867

Tax Period

2024-07-01 to 2025-06-30

Idaho Novus Classical Academy, founded in 2020, is a community nonprofit in the Education sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $3.8M left a modest 12% surplus.

Mission

Public Education.

Program Service Accomplishments

Program 1

Expenses: $3,414,872

The school is an independent state-funded public charter school governed under Title 33, Chapter 52 of Idaho Code. It provides innovative educational curricula within the public school system but...

The school is an independent state-funded public charter school governed under Title 33, Chapter 52 of Idaho Code. It provides innovative educational curricula within the public school system but independent from the traditional structure. Virtually all revenues and expenses relate to this single program service.

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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 $4,264,520

Program Service Revenue $0

Investment Income $17,383

Other Revenue $0

TOTAL REVENUE $4,281,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,621,693

Fundraising Expenses $0

Program Expenses $3,414,872

Other Expenses $1,141,618

TOTAL EXPENSES $3,763,311

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,281,903	$3,446,273	+0.2%
Expenses	$3,763,311	$666,601	+4.6%
Net Income	$518,592	$2,779,672	-0.8%

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

$109,034

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vincent Kane	Head of School	40.00	Officer	$55,167	$7,219	$62,386
Bruce Sims	Asst. Principal	40.00	Officer	$41,250	$5,398	$46,648
Marv Lasnick	Board Chair	1.00	Officer Director	$0	$0	$0
Stacy Saylor	Treasurer	1.00	Officer Director	$0	$0	$0
John Bassetti	Secretary	1.00	Officer Director	$0	$0	$0
Sage Dixon	Board Member	1.00	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	$4,281,903	$3,763,311	$14,423,249	$518,592
2024	$3,446,273	$666,601	$11,880,267	$2,779,672
2023	$16,421	$12,510	$3,960	$3,911