KIPP DETROIT IMANI 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

2021

Legal Domicile

Principal Officer

CANDACE ROGERS

Phone

3134742777

Tax Period

2024-07-01 to 2025-06-30

KIPP DETROIT IMANI ACADEMY, founded in 2021, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

TOGETHER WITH OUR FAMILIES AND COMMUNITIES, WE CREATE JOYFUL AND IDENTITY-AFFIRMING SCHOOLS WHERE STUDENTS ACHIEVE EXCELLENT AND EQUITABLE ACADEMIC OUTCOMES. WE BELIEVE DOING THIS ENSURES THAT OUR STUDENTS ARE PREPARED TO PURSUE ANY PATH THEY CHOOSE COLLEGE, CAREER, AND BEYOND SO THEY CAN LEAD FULFILLING LIVES AND BUILD A MORE JUST WORLD.

Program Service Accomplishments

Program 1

Expenses: $949,670

WE ARE A NETWORK OF 278 SCHOOLS WITH MORE THAN 16,000 EDUCATORS AND 190,000 STUDENTS AND ALUMNI. TOGETHER, WE CONTINUALLY RAISE THE BAR FOR TEACHING AND LEARNING, THEN ENSURE SUCCESS IN ONE CLASSROOM TRAVELS ACROSS OUR NETWORK TO HUNDREDS MORE. AND WHILE EACH OF OUR SCHOOLS REFLECTS THE COMMUNITY TO WHICH IT BELONGS, WE ARE UNITED AROUND A SHARED COMMITMENT: A FUTURE WITHOUT LIMITS.

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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 $1,065,972

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,065,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,283

Fundraising Expenses $0

Program Expenses $949,670

Other Expenses $811,768

TOTAL EXPENSES $1,120,051

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,065,972	$1,176,606	-0.1%
Expenses	$1,120,051	$1,119,379	+0.0%
Net Income	$-54,079	$57,227	-1.9%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGY WEBB	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL DANIEL	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMEL GOODLOE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KIRK MAYES	PRESIDENT/TREASURUER	2.00	Officer Director	$0	$0	$0
CANDACE ROGERS	SUPERINTENDENT	40.00	Officer	$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	$1,065,972	$1,120,051	$458,483	$-54,079
2024	No data	No data	No data	No data