AI Transparency Report
Idaho Virtual Academy Inc. demonstrates consistent financial activity, with revenues closely matching expenses across its filing history. For instance, in 2024, revenue was $19,318,748 against expenses of $19,780,138, indicating a slight deficit. The organization's assets have fluctuated, peaking at $13,523,804 in 2022 before declining to $10,342,167 in 2024, while liabilities have consistently exceeded assets, suggesting a reliance on external funding or short-term obligations. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to minimizing administrative overhead in this area and suggests that executive leadership may be compensated through other means or that the organization operates with a volunteer board, which enhances its transparency and efficiency profile.
The organization's financial health appears stable in terms of operational scale, consistently managing multi-million dollar budgets. However, the recurring pattern of liabilities exceeding assets, such as $13,543,231 in liabilities against $10,342,167 in assets in 2024, warrants closer examination to understand the nature of these liabilities and their potential impact on long-term solvency. The absence of reported officer compensation is a significant positive indicator for spending efficiency and transparency, as it suggests that a greater proportion of funds can be directed towards program services. Overall, while operational stability is evident, the balance sheet structure merits further scrutiny.