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
Three-School Matrix / GPA / FY2024-25 / Debt Default
Global Preparatory Academy, Inc. · FY2024-25 · Annual Audited · Calculation level: School

Debt Default

Whether the organization is in default or delinquency on any debt or lease obligation.

Formula: Qualitative determination

Meets Standard: No default MS · waived covenant violation MS with disclosure · default DNMS

Nsites logoresult
No default
MS
Published OEIresult
No
MS
Status
EXACT MATCH
Nsites logo
From Data To Decisions
Formula — MSCS Performance Framework 2025-26

Qualitative review of debt, covenant, default, delinquency and waiver disclosures

Rating threshold: No default or delinquency = Meets Standard

Source inputs
Debt disclosure
Normalized field: debt_note
Note payable — current, no covenant violation
34450A.pdf · Note 7 — Note Payable · PDF page 13 (printed page 11) · Covenant compliance and payment status
Confidence: High · Analyst-confirmed read · Approved
View sourceOpen file
Subsequent events
Normalized field: subsequent_events
No default disclosed
34450A.pdf · Note 12 — Subsequent Events · PDF page 17 (printed page 15) · Events through report date
Confidence: High · Analyst-confirmed read · Approved
View sourceOpen file
Calculation
  1. Note 7 discloses one note payable; all payments current at June 30, 2025.
  2. No covenant violations, waivers or delinquencies disclosed.
  3. Subsequent-events note discloses no default after year end.
OEI rating test

No default or delinquency = Meets Standard

Insights rating:MS
Comparison
Nsites logoNo default / MS
Salesforce / CAPNo
Published OEINo / MS
Variance
StatusEXACT MATCH
Sequencing proof
  1. 1. Source documents ingested and classified.
  2. 2. Raw values extracted with page/cell coordinates.
  3. 3. OEI mapping and accounting treatment applied.
  4. 4. Formula executed — targets not in engine memory.
  5. 5. Nsites result locked 18:14:12 UTC.
  6. 6. Salesforce/CAP and published CQ2 revealed 18:14:43 UTC.
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