HUTSON SCHOOL INC
Mission Statement
Fortune Academy is ranked 18th in the “Top 50 Best Private Special Needs Schools in the U.S. by Masters in Special Education Guide 2014”. We specialize in educating students with language learning differences such as dyslexia and ADHD. Dyslexia, the most common learning difference, affects one in five people! This is over 300,000 students in Indiana alone (despite having average IQs) struggling with the written code of language and often becoming frustrated with school. We are dedicated to providing an environment that nurtures each child’s development with a student-teacher ratio of 6:1. Furthermore, Fortune Academy transforms the quality of life for youths with learning differences by fostering academic achievement and self-confidence. We serve nearly 90 students, First – Twelfth grades traveling from 31 zip codes across the state of Indiana and even some families who have moved from across the nation to attend. Graduates of our approach have successfully moved on to colleges and other higher learning opportunities.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
61.7% | 84.5% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
36.2% | 12.8% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.1% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
31.3% | 57.1% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
14.6 mo | 8.9 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
17.9% | 18.7% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
59.5% | 89.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
54.3% | 7.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
12.2% | 8.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
24.5% | 2.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $3.5M | $2.6M | $3.2M | 61.7% | 55 |
| 2023 | $2.3M | $2.3M | $2.3M | 68.5% | 49 |
| 2022 | $2.6M | $2.1M | $2.4M | 68.1% | 49 |
| 2021 | $2.1M | $2.0M | N/A | — | 49 |
| 2020 | $2.2M | $1.7M | N/A | — | 56 |
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