Central Indiana Military Academy Inc
Nonprofit profile at a glance
- EIN
- 202693656
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Anderson, IN, USA
- Phone
- 7656498472
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $10,310,963
- Expenses
- $10,367,401
- Assets
- $5,436,432
- Liabilities
- $1,453,791
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- RYAN LYNCH (PRESIDENT)
- ELISA FULTON (VICE PRESIDENT)
- JILL BARKER (CEO)
Highest reported compensation
- JILL BARKER (CEO): $137,379 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is a public charter school authorized by ball state university; a military-style academy for girls and boys that focuses on a college preparatory curriculum of liberal arts and sciences. The organizaton is tuition-free and open to any student in the state of Indiana, regardless of race, sex, national orgin or disability. The academy is guided by both the letter and the spirit of title vi of the civil rights act, titel ix of the higher education act of 1972, section 504 of the rehabilitation acat of 1973, and the americans with disabilities act of 1990.
What it reported doing in 2024
The organization honors diversity and offers educational opportunities for everyone. Building upon these basic principles: a rigorous college preparatory curriculum of liberal arts and sciences: a cadet program to help students become leaders and individuals of character; a commitment to community service and patriotism. The organzation is committed to help students meet and exceed even their own personal expecations. The organization requires that every student serve the community, and strongly encourages parents to play an active role in their child's education.
Operating model
- Revenue model
- Grant-funded. 65% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.5%; rating input score 91
- Program expense ratio: 90%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.5%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 1.3%; rating input score 83; 83rd percentile among comparable filings
Growth
- Program expense growth: 6.3% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 4.5% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 1.2% per year; rating input score 100; 14th percentile among comparable filings
Details
- Where the money goes: 90.5% of revenue deployed · 90% of spending went to programs
- Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $9.3M in reported program spending
- Leadership: top reported pay $137K · 8 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.