Indiana Code Title 20. Education § 20-24-9-4

(1) an organizer is failing to comply with the conditions or procedures established in the charter;

(2) a charter school established by the organizer is failing to meet the educational goals set forth in the charter;

(3) an organizer is failing to comply with all applicable federal and state laws;

(4) an organizer fails to meet generally accepted fiscal management and government accounting principles;  or

(5) one (1) or more grounds for revocation exist as specified in the charter;