Independent School Collaborative

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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

2022

Legal Domicile

Principal Officer

Linda S Nelson

Phone

7048548531

Tax Period

2023-01-01 to 2023-12-31

Independent School Collaborative, founded in 2022, is a small nonprofit in the Mutual Benefit sector that reported $238K in total revenue in fiscal year 2023. Expenses of $226K left a modest 5% surplus.

Mission

Our mission is to support education and innovation by leveraging collective numbers sharing resources and expanding offerings and programs for independent schools.

Program Service Accomplishments

Program 1

Expenses: $190,050 Revenue: $191,368

The ISC provides consolidated buying for select classroom resources at discounted prices. Some vendors require a consolidated order. In those cases we collect the subscription costs from schools that order and submit one master order. For other vendors we refer schools and the orders are placed directly by individual schools. This is a cost savings service for schools and not a profit center.

Program 2

Expenses: $26,787 Revenue: $46,071

The ISC is the sponsor for a multiple employer retirement plan for member schools. Annual member fees are paid by schools and participants pay quarterly fees based on investment balances.

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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 $39,500

Program Service Revenue $197,939

Investment Income $774

Other Revenue $0

TOTAL REVENUE $238,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,836

Fundraising Expenses $0

Program Expenses $216,837

Other Expenses $199,956

TOTAL EXPENSES $225,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$238,213	N/A	N/A
Expenses	$225,792	N/A	N/A
Net Income	$12,421	$0	N/A

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

N/A

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
Kerin Hughes	Board Chair	0.50	Officer Director	$0	$0	$0
Ed Ellison	Board Member	0.50	Officer Director	$0	$0	$0
Peter Denton	Board Member	0.50	Officer 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
2023	$238,213	$225,792	$25,454	$12,421