Independence Schools of Alabama

EIN: 921734073 501(c)(3) Education

Fairfield, AL

Total Revenue
$937,256
Total Expenses
$1,090,357
Total Assets
$274,685
Net Assets
$74,685
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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
2023
Legal Domicile
AL
Phone
2053962554
Tax Period
2024-10-01 to 2025-09-30

Independence Schools of Alabama, founded in 2023, is a small nonprofit in the Education sector that reported $937K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

We are on a mission to equip all students with the academic tenacity and strength of character to choose their destiny and create a fulfilling life.

Program Service Accomplishments

Program 1
Expenses: $603,459 Revenue: $935,274

To obtain unanimous approval from the Alabama Public Charter school permission

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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 (2024)

Revenue Breakdown

Contributions & Grants $935,274
Program Service Revenue $0
Investment Income $1,982
Other Revenue $0
TOTAL REVENUE $937,256

Expense Breakdown

Grants Paid $0
Salaries & Benefits $476,427
Fundraising Expenses $0
Program Expenses $603,459
Other Expenses $613,930
TOTAL EXPENSES $1,090,357

Year-over-Year Comparison

2024 2023 Change
Revenue $937,256 N/A N/A
Expenses $1,090,357 N/A N/A
Net Income $-153,101 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

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Governance

Voting Members
5
Independent Members
5
Employees
3
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Calandra Sales Director 0.00
Highest
$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 $937,256 $1,090,357 $274,685 $-153,101
2024 $344,502 $514,883 $241,570 $-170,381
2023 $475,000 $113,701 $407,059 $361,299
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