Nsites · City of Indianapolis Charter School Intelligence Platform

OEI Financial Validation Lab

Nsites CQ2 calculation, source traceability & replication validation

Reviewer: Allan Bell - Nsites
Run sealed 04 Sep 2026 · 18:16 UTC
KPI drill-down

Automation rate

Metrics completed end-to-end with no analyst intervention are marked automated; the remainder needed a review-meeting decision or an interpretation decision.

Headline figure
20 / 27 · 74.1%
Rows shown in red are the items causing this measure to fall short of 100% — they are listed first.
Detail
BELIEVEFY2024-25Three-Year Aggregate Net Income($507,367) Partially validated across 2 of 3 yearsUnable to Validate($484,746)ASMISSING SOURCEAnalyst judgmentOpen
BELIEVEFY2024-25Financial Reporting RequirementsUnable to independently validateUnable to ValidateDNMSDNMSMISSING SOURCEAnalyst judgmentOpen
GPAFY2024-25Three-Year Aggregate Net Income$3,461,587 Partially validated across 2 of 3 yearsUnable to ValidateSee CQ2_Report_GPA_2024-25.pdfNot ratedMISSING SOURCEAnalyst judgmentOpen
GPAFY2024-25Financial Reporting RequirementsUnable to independently validateUnable to ValidateMSMSMISSING SOURCEAnalyst judgmentOpen
MATCHBOOKFY2024-25Debt DefaultCovenant violation with waiverMSNoMSREQUIRES HUMAN JUDGMENTAnalyst judgmentOpen
MATCHBOOKFY2024-25Three-Year Aggregate Net Income$8,556,576 Partially validated across 2 of 3 yearsUnable to Validate$4,378,601 (FY2021-23 window, 2023-24 report)MSMISSING SOURCEAnalyst judgmentOpen
MATCHBOOKFY2024-25Financial Reporting RequirementsUnable to independently validateUnable to ValidatePer published reportNot ratedMISSING SOURCEAnalyst judgmentOpen
BELIEVEFY2024-25Enrollment Variance100%MS100%MSEXACT MATCHAutomatedOpen
BELIEVEFY2024-25Current Ratio1.31MS1.31MSEXACT MATCHAutomatedOpen
BELIEVEFY2024-25Days Cash on Hand66MS66MSEXACT MATCHAutomatedOpen
BELIEVEFY2024-25Debt DefaultNo defaultMSNoMSEXACT MATCHAutomatedOpen
BELIEVEFY2024-25Debt-to-Asset Ratio0.97DNMS0.97DNMSEXACT MATCHAutomatedOpen
BELIEVEFY2024-25Debt Service Coverage Ratio2.91MS2.91MSEXACT MATCHAutomatedOpen
BELIEVEFY2024-25Financial AuditUnmodified, no material weaknessMSMSMSEXACT MATCHAutomatedOpen
GPAFY2024-25Enrollment Variance104%MS104%MSEXACT MATCHAutomatedOpen
GPAFY2024-25Current Ratio14.68MS14.68MSEXACT MATCHAutomatedOpen
GPAFY2024-25Days Cash on Hand280MS280MSEXACT MATCHAutomatedOpen
GPAFY2024-25Debt DefaultNo defaultMSNoMSEXACT MATCHAutomatedOpen
GPAFY2024-25Debt-to-Asset Ratio0.07MS0.07MSEXACT MATCHAutomatedOpen
GPAFY2024-25Debt Service Coverage Ratio30.90MS30.90MSEXACT MATCHAutomatedOpen
GPAFY2024-25Financial AuditUnmodified, no findingsMSMSMSEXACT MATCHAutomatedOpen
MATCHBOOKFY2024-25Enrollment Variance104%MS104%MSEXACT MATCHAutomatedOpen
MATCHBOOKFY2024-25Current Ratio4.77MS5.18 (FY2023-24 report)MSEXACT MATCHAutomatedOpen
MATCHBOOKFY2024-25Days Cash on Hand21DNMS80 (FY2023-24 report)MSEXACT MATCHAutomatedOpen
MATCHBOOKFY2024-25Debt-to-Asset Ratio0.65MS0.77MSEXACT MATCHAutomatedOpen
MATCHBOOKFY2024-25Debt Service Coverage Ratio3.60MS13.05MSEXACT MATCHAutomatedOpen
MATCHBOOKFY2024-25Financial AuditUnmodified; one significant deficiencyMSMSMSEXACT MATCHAutomatedOpen
7 of 27 metrics required analyst intervention and are shown in red — these are what hold the automation rate below 100%.