INNOVATIVE SPECIAL EDUCATION SERVICES (EIN 900676269) - 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

2010

Legal Domicile

Principal Officer

ERIN LAVERY

Phone

6512782307

Tax Period

2023-07-01 to 2024-06-30

INNOVATIVE SPECIAL EDUCATION SERVICES, founded in 2010, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 11% surplus.

Mission

TO PROVIDE EXPERT, SERVICE ORIENTED SPECIAL EDUCATION DIRECTORSHIP TO CHARTER SCHOOLS THROUGHOUT MINNESOTA.

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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 $0

Program Service Revenue $2,435,467

Investment Income $3,848

Other Revenue $1,564

TOTAL REVENUE $2,440,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,875,164

Fundraising Expenses $0

Program Expenses $1,795,694

Other Expenses $289,585

TOTAL EXPENSES $2,164,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,440,879	$1,948,535	+0.3%
Expenses	$2,164,749	$1,927,458	+0.1%
Net Income	$276,130	$21,077	+12.1%

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

$166,408

Total Directors

$123,459

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANNAH PETERSON	BOARD MEMBER	40.00	Director	$111,552	$11,907	$123,459
DIANE RESTORFF	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG ANDERSON	BOARD CHAIR	1.00	Director	$0	$0	$0
MILO CUTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
DONAL STOVALL	BOARD CHAIR	1.00	Director	$0	$0	$0
TERRY MOFFATT	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN LAVERY	EXECUTIVE DIRECTOR	40.00	Officer	$153,417	$12,991	$166,408
GIGI KRAUSE	EMPLOYEE	40.00	Highest	$117,703	$14,592	$132,295
NOREEN FOSTER	EMPLOYEE	40.00	Highest	$108,819	$18,084	$126,903
JENNIFER HEIEIE	EMPLOYEE	40.00	Highest	$109,962	$16,958	$126,920
KORI RYAN	EMPLOYEE	40.00	Highest	$121,547	$15,854	$137,401
MICHAEL DESCHNEAU	EMPLOYEE	40.00	Highest	$108,932	$4,866	$113,798
DEANA SIEKMANN	EMPLOYEE	40.00	Highest	$110,546	$4,424	$114,970
CARINA ABATE-WRIGHT	EMPLOYEE	40.00	Highest	$116,273	$12,324	$128,597

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	$2,440,879	$2,164,749	$940,601	$276,130
2023	$1,948,535	$1,927,458	$817,496	$21,077
2022	$1,692,597	$1,657,899	$758,077	$34,698
2021	$1,965,672	$1,698,277	$765,027	$267,395
2020	$1,766,483	$1,613,986	$643,201	$152,497
2019	$1,665,562	$1,684,968	$326,432	$-19,406
2018	$1,584,957	$1,655,995	$277,378	$-71,038

INNOVATIVE SPECIAL EDUCATION SERVICES