I AM ACADEMY (EIN 861297592) - 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

2020

Legal Domicile

Principal Officer

LINDSAY CHERRY

Phone

6166357574

Tax Period

2023-07-01 to 2024-06-30

I AM ACADEMY, founded in 2020, is a small nonprofit in the Youth Development sector that reported $273K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

Mentorship program in conjunction with community partners, for the purpose of helping to dismatle the school to prison pipeline systems within educational institutions. Support and encourage local students by providing opportunities for job experiences, college visits dialogue sessions, book studies, an entrepreneurship program, mindful experiences, and potential group trips to cultural places of interest.

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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 $273,198

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $273,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,285

Fundraising Expenses $0

Program Expenses $106,624

Other Expenses $150,289

TOTAL EXPENSES $282,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$273,198	$292,298	-0.1%
Expenses	$282,574	$283,319	0.0%
Net Income	$-9,376	$8,979	-2.0%

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

N/A

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

$73,211

Key Employees

$93,744

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY CHERRY	DIRECTOR	40.00	Director Key Emp	$50,615	$0	$50,615
LAUREN BECK	OPERATION DIRECTOR	40.00	Key Emp	$43,129	$0	$43,129
LINDSAY CHERRY	DIRECTOR	20.00	Director	$22,596	$0	$22,596

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
2024	$273,198	$282,574	$18,833	$-9,376
2023	$292,298	$283,319	$24,539	$8,979
2022	$179,519	$155,248	$32,307	$24,271

I AM ACADEMY