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

Source-traceable inputs

Every formula input, with the document, page or sheet/cell it was taken from. Open a row to see the highlighted source coordinate.

Headline figure
65 / 68 · 95.6%
Rows shown in red are the items causing this measure to fall short of 100% — they are listed first.
Detail
BELIEVEFinancial Reporting Requirementssubmission_logNot providedOpen
GPAFinancial Reporting Requirementssubmission_logNot providedOpen
MATCHBOOKFinancial Reporting Requirementssubmission_logNot providedOpen
BELIEVEEnrollment Varianceenrollment_budget40006-30-2026 Mayor Reports - BCC HS.xlsxBudget Summary!D14HighOpen
BELIEVEEnrollment Varianceadm_fall40226520S.pdfPDF p.19HighOpen
BELIEVEEnrollment Varianceadm_spring39826520S.pdfPDF p.19HighOpen
BELIEVECurrent Ratiocurrent_assets143465326520A.pdfPDF p.4HighOpen
BELIEVECurrent Ratiocurrent_liabilities109551126520A.pdfPDF p.4HighOpen
BELIEVEDays Cash on Handcash_gross112122126520A.pdfPDF p.7HighOpen
BELIEVEDays Cash on Handtotal_expenses641147326520A.pdfPDF p.8HighOpen
BELIEVEDays Cash on Handdepreciation22347026520A.pdfPDF p.9HighOpen
BELIEVEDebt Defaultdebt_noteIn compliance; no waiver26520A.pdfPDF p.12HighOpen
BELIEVEDebt Defaultaffiliate_debtBuild Believe Properties, LLC — payments current06-30-26 - Build Believe.xlsxDebt Schedule!B4:H22MediumOpen
BELIEVEThree-Year Aggregate Net Incomenet_income_fy23FY2022-23 audited financial statements not in data room— not provided —PDF p.0LowOpen
BELIEVEThree-Year Aggregate Net Incomenet_income_fy24-84439526520A.pdfPDF p.8HighOpen
BELIEVEThree-Year Aggregate Net Incomenet_income_fy2533702826520A.pdfPDF p.8HighOpen
BELIEVEDebt-to-Asset Ratiototal_liabilities440842226520A.pdfPDF p.4HighOpen
BELIEVEDebt-to-Asset Ratiototal_assets453684026520A.pdfPDF p.4HighOpen
BELIEVEDebt Service Coverage Rationet_income_fy2533702826520A.pdfPDF p.8HighOpen
BELIEVEDebt Service Coverage Ratiodepreciation22347026520A.pdfPDF p.9HighOpen
BELIEVEDebt Service Coverage Ratiointerest_expense17353026520A.pdfPDF p.9HighOpen
BELIEVEDebt Service Coverage Ratiocurrent_maturities7903126520A.pdfPDF p.14HighOpen
BELIEVEFinancial Auditaudit_opinionUnmodified26520A.pdfPDF p.2HighOpen
BELIEVEFinancial Auditaudit_findingsNo material weakness; prior-year deficiency remediated26520S.pdfPDF p.23HighOpen
GPAEnrollment Varianceenrollment_budget73034450S.pdfPDF p.21HighOpen
GPAEnrollment Varianceadm_fall76134450S.pdfPDF p.22HighOpen
GPAEnrollment Varianceadm_spring75834450S.pdfPDF p.22HighOpen
GPACurrent Ratiocurrent_assets880671434450A.pdfPDF p.4HighOpen
GPACurrent Ratiocurrent_liabilities59977334450A.pdfPDF p.4HighOpen
GPADays Cash on Handcash_gross834123734450A.pdfPDF p.4HighOpen
GPADays Cash on Handtotal_expenses1091119234450A.pdfPDF p.5HighOpen
GPADays Cash on Handinkind_expenses292307334450A.pdfPDF p.3HighOpen
GPADays Cash on Handdepreciation3834834450A.pdfPDF p.6HighOpen
GPADebt Defaultdebt_noteNote payable — current, no covenant violation34450A.pdfPDF p.13HighOpen
GPADebt Defaultsubsequent_eventsNo default disclosed34450A.pdfPDF p.17HighOpen
GPAThree-Year Aggregate Net Incomenet_income_fy23FY2022-23 audited financial statements not in data room— not provided —PDF p.0LowOpen
GPAThree-Year Aggregate Net Incomenet_income_fy24190657734450A.pdfPDF p.5HighOpen
GPAThree-Year Aggregate Net Incomenet_income_fy25155501034450A.pdfPDF p.5HighOpen
GPADebt-to-Asset Ratiototal_liabilities67477334450A.pdfPDF p.4HighOpen
GPADebt-to-Asset Ratiototal_assets959308034450A.pdfPDF p.4HighOpen
GPADebt Service Coverage Rationet_income_fy25155501034450A.pdfPDF p.5HighOpen
GPADebt Service Coverage Ratiodepreciation3834834450A.pdfPDF p.7HighOpen
GPADebt Service Coverage Ratiointerest_expense162534450A.pdfPDF p.6HighOpen
GPADebt Service Coverage Ratioprincipal_payments5000034450A.pdfPDF p.7HighOpen
GPADebt Service Coverage Ratiointerest_paid162534450A.pdfPDF p.18HighOpen
GPAFinancial Auditaudit_opinionUnmodified34450A.pdfPDF p.2HighOpen
GPAFinancial Auditaudit_findingsNone reported34450S.pdfPDF p.25HighOpen
MATCHBOOKEnrollment Varianceenrollment_budget58534960S.pdfPDF p.20MediumOpen
MATCHBOOKEnrollment Varianceadm_fall61234960S.pdfPDF p.20MediumOpen
MATCHBOOKEnrollment Varianceadm_spring60534960S.pdfPDF p.20MediumOpen
MATCHBOOKCurrent Ratiocurrent_assets613000334960A.pdfPDF p.5HighOpen
MATCHBOOKCurrent Ratiocurrent_liabilities128430034960A.pdfPDF p.5HighOpen
MATCHBOOKDays Cash on Handcash_gross75484234960A.pdfPDF p.5HighOpen
MATCHBOOKDays Cash on Handtotal_expenses1376985534960A.pdfPDF p.6HighOpen
MATCHBOOKDays Cash on Handdepreciation36983234960A.pdfPDF p.9HighOpen
MATCHBOOKDebt Defaultdebt_noteDays-cash covenant violated; waiver obtained 9/12/202434960A.pdfPDF p.14MediumOpen
MATCHBOOKThree-Year Aggregate Net Incomenet_income_fy23FY2022-23 audited financial statements not in data room— not provided —PDF p.0LowOpen
MATCHBOOKThree-Year Aggregate Net Incomenet_income_fy24434592834960A.pdfPDF p.6HighOpen
MATCHBOOKThree-Year Aggregate Net Incomenet_income_fy25421064834960A.pdfPDF p.6HighOpen
MATCHBOOKDebt-to-Asset Ratiototal_liabilities2002365234960A.pdfPDF p.5HighOpen
MATCHBOOKDebt-to-Asset Ratiototal_assets3096735734960A.pdfPDF p.5HighOpen
MATCHBOOKDebt Service Coverage Rationet_income_fy25421064834960A.pdfPDF p.6HighOpen
MATCHBOOKDebt Service Coverage Ratiodepreciation36983234960A.pdfPDF p.8HighOpen
MATCHBOOKDebt Service Coverage Ratiointerest_expense2000034960A.pdfPDF p.7HighOpen
MATCHBOOKDebt Service Coverage Ratioprincipal_payments2771734960A.pdfPDF p.8HighOpen
MATCHBOOKDebt Service Coverage Ratiointerest_paid2000034960A.pdfPDF p.19MediumOpen
MATCHBOOKFinancial Auditaudit_opinionUnmodified34960A.pdfPDF p.3HighOpen
MATCHBOOKFinancial Auditaudit_findingsSignificant deficiency — segregation of duties34960S.pdfPDF p.24HighOpen
Rows shown in red are the inputs without a page- or cell-level source coordinate.