IWU ACCELERATOR INC

EIN: 884416645 501(c)(3) Education

MARION, IN

Total Revenue
$2,386,203
Total Expenses
$2,997,294
Total Assets
$337,966
Net Assets
$88,989
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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
IN
Phone
8559251150
Tax Period
2023-07-01 to 2024-06-30

IWU ACCELERATOR INC, founded in 2022, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE MISSION OF ELEVEN FIFTY ACADEMY IS TO BUILD AN ECOSYSTEM OF TECH TALENT THAT FINANCIALLY BENEFITS THE INDIVIDUAL, THEIR EMPLOYER, AND THEIR COMMUNITY.

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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 $358,725
Program Service Revenue $2,023,061
Investment Income $4,417
Other Revenue $0
TOTAL REVENUE $2,386,203

Expense Breakdown

Grants Paid $702,183
Salaries & Benefits $1,306,830
Fundraising Expenses $0
Program Expenses $2,634,249
Other Expenses $988,281
TOTAL EXPENSES $2,997,294

Year-over-Year Comparison

2023 2022 Change
Revenue $2,386,203 $1,983,887 +0.2%
Expenses $2,997,294 $1,283,807 +1.3%
Net Income $-611,091 $700,080 -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

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Governance

Voting Members
8
Independent Members
3
Employees
24
Volunteers
16

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
2
$481,018
Total Directors
8
$1,168,338
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A EXECUTIVE DIRECTOR 40.0
Officer Director
$86,868 $958 $87,826
N/A Director 1.0
Officer Director
$0 $66,034 $393,192
N/A Vice-Chair and Director 1.0
Director
$0 $38,453 $142,573
N/A Director 1.0
Director
$0 $0 $0
N/A Board Chair and President 1.0
Director
$0 $6,046 $171,350
N/A Secretary and Director 1.0
Director
$0 $13,808 $170,546
N/A Director 1.0
Director
$0 $0 $0
N/A Treasurer and Director (END 11/24) 1.0
Director
$0 $18,126 $202,851
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 No data No data No data No data
2024 $2,386,203 $2,997,294 $337,966 $-611,091
2023 $1,983,887 $1,283,807 $1,023,749 $700,080
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