Independent School Inc
Nonprofit profile at a glance
- EIN
- 480914282
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Wichita, KS, USA
- Phone
- 3166860152
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $9,824,158
- Expenses
- $9,957,042
- Assets
- $14,795,208
- Liabilities
- $7,283,741
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Highest reported compensation
- PAUL DRUZINSKY (INTERIM HEAD OF SCHOOL): $104,167 total reported compensation
- RONDA GOODE (CHIEF BUDGETING OFFICER): $99,641 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a superior, independent, college prepatory education, serving a diverse stident population in a safe supportive, community, conducive to the intellectual, emotional and physical growth of each independent student.
What it reported doing in 2024
Provided private education to approximately 500 students from 6 weeks through 12th grade.
Operating model
- Revenue model
- Earned-program. 69% of the money available for current operations came from fees and other program revenue.
- 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. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.1%; rating input score 80
- Program expense ratio: 79%; rating input score 79
- Fundraising efficiency: $19.17 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.4%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 1.49; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 2%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 5.3% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 80.1% of revenue deployed · 79% of spending went to programs
- Governance: 15 of 15 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $7.9M in reported program spending
- Leadership: top reported pay $104K · 17 people listed
- Highest-paid contractors: 4 contractors listed · $677K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 58/100.
- High — Sustainability: Operating margin scored 28/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.