LEAP INC (EIN 113111694) - 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

1992

Legal Domicile

Principal Officer

AARON SHIFFMAN

Phone

7182372017

Tax Period

2022-07-01 to 2023-06-30

LEAP INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $7.3M in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $6.7M left a modest 8% surplus.

Mission

LEAP EMPOWERS LOW AND MODERATE INCOME PEOPLE BY HELPING THEM GAIN ACCESS TO LIVING-WAGE EMPLOYMENT OPPORTUNITIES AND CAREER PATHS. WE SEEK TO DEVELOP PROGRAMS THAT COUNTER PREVAILING MARKET INEQUALITIES AND TO A BROADER MOVEMENT FOR ECONOMIC JUSTICE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,917,261

Program Service Revenue $403,423

Investment Income $14,116

Other Revenue $-26,108

TOTAL REVENUE $7,308,692

Expense Breakdown

Grants Paid $50,298

Salaries & Benefits $3,856,195

Fundraising Expenses $484,418

Program Expenses $5,704,004

Other Expenses $2,830,781

TOTAL EXPENSES $6,737,274

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,308,692	$6,063,090	+0.2%
Expenses	$6,737,274	$5,668,780	+0.2%
Net Income	$571,418	$394,310	+0.4%

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

$727,481

Total Directors

$243,874

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUNE YEARWOOD	CHAIR	2.00	Officer Director	$0	$0	$0
GARY RINDNER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHELLE DE LA UZ	SECRETARY	0.50	Officer Director	$0	$10,720	$243,874
JEFF REISER	TREASURER	2.00	Officer Director	$0	$0	$0
AZAD ASSADIPOUR	BOARD MEMBER	2.00	Director	$0	$0	$0
SOPHIE CHAMPTALOUP	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIA FOTSCH	BOARD MEMBER	2.00	Director	$0	$0	$0
LARA GRUBER	BOARD MEMBER	2.00	Director	$0	$0	$0
JEANINE MENDEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MANASVI MENON	BOARD MEMBER	2.00	Director	$0	$0	$0
LARA O'BRIEN	BOARD MEMBER	2.00	Director	$0	$0	$0
ANJULIKA SAINI	BOARD MEMBER	2.00	Director	$0	$0	$0
TOYA WILLIFORD	BOARD MEMBER	2.00	Director	$0	$0	$0
MELISSA WOODS	BOARD MEMBER	2.00	Director	$0	$0	$0
AARON SHIFFMAN	EXECUTIVE DIRECTOR	35.00	Officer	$214,693	$77,915	$292,608
ROY NIELSEN	DIRECTOR OF FINANCE & IT	0.50	Officer	$0	$20,945	$190,999
JULIO PEREZ	PROGRAM DIRECTOR	35.00	Highest	$105,392	$20,400	$125,792
SHAWN HEGELE	DEVELOPMENT DIRECTOR	35.00	Highest	$138,294	$9,842	$148,136
SCOTT PELTZER	DIRECTOR OF BROOKLYN WOODS	35.00	Highest	$110,318	$5,450	$115,768

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$7,308,692	$6,737,274	$6,966,347	$571,418
2022	$6,063,090	$5,668,780	$6,400,677	$394,310
2021	$6,295,758	$5,309,153	$4,959,342	$986,605
2020	$5,305,947	$5,251,244	$4,001,843	$54,703
2019	$5,660,497	$5,414,423	$3,551,672	$246,074
2018	$5,917,786	$5,081,365	$3,168,826	$836,421

LEAP INC