INSPIRING MINDS (EIN 050310175) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1963

Legal Domicile

Principal Officer

SOKEO ROS

Phone

4012743240

Tax Period

2024-07-01 to 2025-06-30

INSPIRING MINDS, founded in 1963, is a small nonprofit in the Education sector that reported $842K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE TUTORING, MENTORING AND EDUCATIONAL SERVICES TO STUDENTS WITHIN PROVIDENCE AND CRANSTON, RI.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $622,645

Program Service Revenue $192,250

Investment Income $4,552

Other Revenue $22,313

TOTAL REVENUE $841,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,854

Fundraising Expenses $0

Program Expenses $622,499

Other Expenses $372,193

TOTAL EXPENSES $1,035,047

Year-over-Year Comparison

	2024	2023	Change
Revenue	$841,760	$928,590	-0.1%
Expenses	$1,035,047	$922,749	+0.1%
Net Income	$-193,287	$5,841	-34.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$115,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY WARNER	CHAIRMAN	3.00	Officer Director	$0	$0	$0
MARGARET KOOSA	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JAMES WILLEY	TREASURER	2.00	Officer Director	$0	$0	$0
WENDY WALLACE	SECRETARY	2.00	Officer Director	$0	$0	$0
ROTHEL DE LA CRUZ	BOARD MEMBER	2.00	Director	$0	$0	$0
LORRAINE LALLI	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIDA MEZINI	BOARD MEMBER	2.00	Director	$0	$0	$0
SOKEO ROS	EXECUTIVE DIRECTOR	40.00	Officer	$100,575	$15,111	$115,686

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$841,760	$1,035,047	$418,190	$-193,287
2024	$928,590	$922,749	$584,271	$5,841
2023	$914,966	$864,686	$530,361	$50,280
2022	$873,524	$795,464	$444,278	$78,060
2021	$481,831	$426,745	$352,378	$55,086
2020	$387,566	$298,691	$321,316	$88,875
2019	$306,445	$228,660	$206,224	$77,785
2018	$161,804	$200,769	$117,950	$-38,965

INSPIRING MINDS