IGNITE HYBRID SCHOOL INC (EIN 923754354) - 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

2023

Legal Domicile

Principal Officer

REBEKAH ALTERS

Phone

6207470216

Tax Period

2024-01-01 to 2024-12-31

IGNITE HYBRID SCHOOL INC, founded in 2023, is a small nonprofit in the Education sector that reported $250K in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $234K left a modest 7% surplus.

Mission

TO PROVIDE TOPEKA AREA HOMESCHOOL FAMILIES COMMUNITY, HOPE AND NEW OPPORTUNITY THROUGH IN-PERSON ACADEMIC CLASSES FOR THEIR STUDENTS.

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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 $0

Program Service Revenue $249,884

Investment Income $0

Other Revenue $0

TOTAL REVENUE $249,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,785

Fundraising Expenses $0

Program Expenses $169,735

Other Expenses $61,752

TOTAL EXPENSES $233,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,884	$137,527	+0.8%
Expenses	$233,537	$100,782	+1.3%
Net Income	$16,347	$36,745	-0.6%

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

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

$45,826

Total Directors

$45,826

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBEKAH ALTERS	CHAIRMAN	0.50	Officer Director	$43,667	$0	$43,667
SARAH WARREN	TREASURER	0.25	Officer Director	$2,159	$0	$2,159
CAITLIN HELT	SECRETARY	0.25	Officer Director	$0	$0	$0
WILLIE BROOKS	BOARD MEMBER	0.25	Director	$0	$0	$0
ANDREW FOREMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTINA FOREMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
RODNEY KENNER	BOARD MEMBER	0.25	Director	$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	$249,884	$233,537	$53,092	$16,347

IGNITE HYBRID SCHOOL INC