INDIANA CHARTER INNOVATION CENTER INC (EIN 993102442) - 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

2024

Legal Domicile

Principal Officer

SCOTT BESS

Phone

3174907265

Tax Period

2024-07-01 to 2025-06-30

INDIANA CHARTER INNOVATION CENTER INC, founded in 2024, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. The organization ran a surplus of $1.4M, a strong 70% operating margin.

Mission

ADVANCE AND GROW INDIANA'S CHARTER SCHOOL SECTOR THROUGH ROBUST SUPPORT AND STRONG ADVOCACY, ENABLING SCHOOLS TO OPERATE EFFICIENTLY AND PROVIDE TOP-TIER EDUCATION, ENSURING ALL STUDENTS THRIVE.

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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 $1,783,350

Program Service Revenue $155,911

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,939,261

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $351,349

Fundraising Expenses $17,389

Program Expenses $420,553

Other Expenses $213,404

TOTAL EXPENSES $574,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,939,261	N/A	N/A
Expenses	$574,753	N/A	N/A
Net Income	$1,364,508	$0	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

Employees

N/A

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

$120,672

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BESS	PRESIDENT	28.00	Officer	$81,979	$20,698	$120,672
JOE WHITE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BETSY WILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY BORDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDON BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
EDDIE RANGEL	BOARD MEMBER	1.00	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	$1,939,261	$574,753	$1,411,621	$1,364,508

INDIANA CHARTER INNOVATION CENTER INC