INclusive Academy (EIN 921371354) - 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

2022

Legal Domicile

Principal Officer

Noel Thompson

Tax Period

2024-01-01 to 2024-12-31

INclusive Academy, founded in 2022, is a small nonprofit in the Education sector that reported $346K in total revenue in fiscal year 2024. The organization ran a surplus of $53K, a strong 15% operating margin.

Mission

Inclusive Academys mission is to successfully educate non-speaking minimally speaking and unreliably speaking students. We provide a unique inclusive educational environment founded on the philosophy of presuming competence that utilizes innovative and individualized instruction to foster the conceptual growth and ability of every student.

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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 $8,502

Program Service Revenue $336,979

Investment Income $987

Other Revenue $0

TOTAL REVENUE $346,468

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $187,112

Fundraising Expenses $0

Program Expenses $199,147

Other Expenses $102,666

TOTAL EXPENSES $293,278

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,468	N/A	N/A
Expenses	$293,278	N/A	N/A
Net Income	$53,190	N/A	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

N/A

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

$49,290

Total Directors

$49,290

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Noel Thompson	Chief Executive Officer Director	20.00	Officer Director	$24,645	$0	$24,645
Alison Thompson	CCO Director	35.00	Officer Director	$24,645	$0	$24,645
Tara Summers	Director and Teacher	40.00		$21,617	$0	$21,617

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	$346,468	$293,278	$88,634	$53,190

INclusive Academy