Worthmore Academy Inc
Nonprofit profile at a glance
- EIN
- 351757424
- IRS 990 coverage
- 2022–2023
- Forms available
- Form 990 2023, Form 990-EZ 2021
- Location
- Indianapolis, IN, USA
- Phone
- 8777006516
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Specialized Education Institutions
Reported finances
- Revenue
- $283,560
- Expenses
- $283,560
- Assets
- $283,560
- Liabilities
- $283,560
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Brenda J Jackson (President)
Highest reported compensation
- Pamela Thornton (Teacher): $27,061 total reported compensation
- Nancy Delph (Teacher): $19,000 total reported compensation
- Christopher Alvey (Teacher): $17,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Worthmore Academy provides education for children k-12th grades that have learning disabilities ADD ADHD dyslexia specific learning disabilities- reading math language arts autism spectrum communication disorders OCD anxiety disorders and other learning struggles.
What it reported doing in 2023
Program tuition
Operating model
- Revenue model
- Other-operating. 83% of the money available for current operations came from other operating 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 90
- Accountability: 69
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 1; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: 24.7% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 74.9% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 8 of 8 board members independent · 2 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $284K in reported program spending
- Leadership: top reported pay $27K · 16 people listed
- Consistency: 39 of 39 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2022 to 2023
- Contacts: How to reach this organization
- Money network: 6 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 41/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.