IGNITE HYBRID SCHOOL INC

EIN: 923754354 501(c)(3) Education

TOPEKA, KS

Total Revenue
$274,702
Total Expenses
$260,906
Total Assets
$71,038
Net Assets
$66,888
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
KS
Principal Officer
REBEKAH ALTERS
Phone
6207470216
Tax Period
2025-01-01 to 2025-12-31

IGNITE HYBRID SCHOOL INC, founded in 2023, is a small nonprofit in the Education sector that reported $275K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $261K left a modest 5% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $190,652 Revenue: $271,118

PART-TIME PRIVATE SCHOOL, PARTNERING WITH HOMESCHOOLING FAMILIES BY PROVIDING TWO DAYS OF CORE ACADEMIC CLASSES ON TUESDAYS AND THURSDAYS THROUGHOUT THE SCHOOL YEAR. IGNITE SERVES THE EXISTING...

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PART-TIME PRIVATE SCHOOL, PARTNERING WITH HOMESCHOOLING FAMILIES BY PROVIDING TWO DAYS OF CORE ACADEMIC CLASSES ON TUESDAYS AND THURSDAYS THROUGHOUT THE SCHOOL YEAR. IGNITE SERVES THE EXISTING HOMESCHOOL COMMUNITY AND EXPANDS THE REACH OF HOMESCHOOL TO FAMILIES LOOKING FOR AN ALTERNATIVE EDUCATION PATH.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,584
Program Service Revenue $271,118
Investment Income $0
Other Revenue $0
TOTAL REVENUE $274,702

Expense Breakdown

Grants Paid $0
Salaries & Benefits $203,838
Fundraising Expenses $0
Program Expenses $190,652
Other Expenses $57,068
TOTAL EXPENSES $260,906

Year-over-Year Comparison

2025 2024 Change
Revenue $274,702 $249,884 +0.1%
Expenses $260,906 $233,537 +0.1%
Net Income $13,796 $16,347 -0.2%
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
8
Independent Members
8
Employees
29
Volunteers
34

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
3
$54,054
Total Directors
8
$54,054
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBEKAH ALTERS CHAIRMAN 0.50
Officer Director
$52,000 $0 $52,000
SARAH WARREN TREASURER 0.25
Officer Director
$2,054 $0 $2,054
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
ETHAN SPERLE 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
2025 $274,702 $260,906 $71,038 $13,796
2024 $249,884 $233,537 $53,092 $16,347
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