IVY HALL ACADEMY

EIN: 870510602 501(c)(3)

PROVO, UT

Total Revenue
$2,470,648
Total Expenses
$2,481,510
Total Assets
$6,638,004
Net Assets
$904,767
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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
1995
Legal Domicile
UT
Principal Officer
Cynthia Simpson
Phone
8013561000
Tax Period
2023-07-01 to 2024-06-30

IVY HALL ACADEMY, founded in 1995, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $294,190
Program Service Revenue $2,172,679
Investment Income $3,779
Other Revenue $0
TOTAL REVENUE $2,470,648

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,592,784
Fundraising Expenses $0
Program Expenses $2,481,510
Other Expenses $888,726
TOTAL EXPENSES $2,481,510

Year-over-Year Comparison

2023 2022 Change
Revenue $2,470,648 $2,031,885 +0.2%
Expenses $2,481,510 $1,982,358 +0.3%
Net Income $-10,862 $49,527 -1.2%
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

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Governance

Voting Members
5
Independent Members
2
Employees
23
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
0
$0
Total Directors
6
$59,117
Key Employees
2
$59,117
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cynthia Simpson Exec dir 1.00
Director Key Emp
$59,117 $0 $59,117
Michael Simpson Vice chair 1.00
Director
$0 $0 $0
Joyca Tan Board member 0.50
Director
$0 $0 $0
Peter Chan Treasurer 0.50
Director
$0 $0 $0
David Reeves Chairman 0.50
Director
$0 $0 $0
Chandra Packham board member/principal 40.00
Director Key Emp Highest
$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
2024 $2,470,648 $2,481,510 $6,638,004 $-10,862
2023 $2,031,885 $1,982,358 $6,375,586 $49,527
2022 $2,249,011 $1,484,020 $6,503,674 $764,991
2021 $1,466,217 $1,156,169 $465,004 $310,048
2020 $508,744 $590,271 $145,321 $-81,527
2019 $631,370 $751,881 $92,507 $-120,511
2018 $635,573 $907,568 $101,771 $-271,995
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