Independence Schools of Alabama

EIN: 921734073 501(c)(3) Education

Fairfield, AL

Total Revenue
$344,502
Total Expenses
$514,883
Total Assets
$241,570
Net Assets
$241,570
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
AL
Tax Period
2023-10-01 to 2024-09-30

Independence Schools of Alabama, founded in 2022, is a small nonprofit in the Education sector that reported $475K in total revenue in fiscal year 2022. The organization ran a surplus of $361K, a strong 76% operating margin.

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.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $344,502
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $344,502

Expense Breakdown

Grants Paid $0
Salaries & Benefits $326,600
Fundraising Expenses $0
Program Expenses $210,777
Other Expenses $119,201
TOTAL EXPENSES $514,883

Year-over-Year Comparison

2023 2022 Change
Revenue $344,502 N/A N/A
Expenses $514,883 N/A N/A
Net Income $-170,381 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
1
Independent Members
N/A
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
2024 $344,502 $514,883 $241,570 $-170,381
2023 $475,000 $113,701 $407,059 $361,299
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