Local Initiatives for Education

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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

2004

Legal Domicile

Principal Officer

Marvin M Bozard

Phone

5172382936

Tax Period

2024-01-01 to 2024-12-31

Local Initiatives for Education, founded in 2004, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

Provide health, education, and training resources for children and adults in lesser developed areas of the world.

Program Service Accomplishments

Program 1

Expenses: $486,079

Local Initiatives for Education provided educational resources for a primary school in Kenya,and Zimbabwe. Tuition and scholarships were provided to students whose parents were unable to provide...

Local Initiatives for Education provided educational resources for a primary school in Kenya,and Zimbabwe. Tuition and scholarships were provided to students whose parents were unable to provide schools fees in the countries of South Sudan and Kenya. Higher education and training opportunities were provided in university settings in Ghana, Uganda and South Sudan. Long-term objectives is to provide oppor- tunities for all individuals and increase economic opportunities. Accountability through receipted expenses and partner reporting. Individuals served - 2125

Program 2

Expenses: $349,580

Local Initiatives for Education provided medical training (ortho- plasties) for the Orthopedic Department at Mulago Hospital, Kampala, Uganda. Medical training in arthoplastic surgery as well as the devices and implants were provided to doctors for indigent patients. The training enhanced the surgeons skills to appropriately provide medical treatment. Medical camps were conducted in South Sudan through the provision of medicines to local doctors to administer in areas with limited healthcare. Accountability through receipted expenses and partner reporting. Individuals served - 1,225

Program 3

Expenses: $227,343

Local Initiatives for Education provided health and sustainability resources, including food and water, for refugees, internally displaced and residents in South Sudan, Djibouti, Somalia, Syria...

Local Initiatives for Education provided health and sustainability resources, including food and water, for refugees, internally displaced and residents in South Sudan, Djibouti, Somalia, Syria, Kenya and Liberia. The resources provided immediate aid in severly drought-stricken areas where food supplies and water were non-existent Accountability through on-site monitoring, receipted expenses and partner reporting. Individuals served - 7000

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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 $1,240,515

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,240,515

Expense Breakdown

Grants Paid $1,294,993

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,191,243

Other Expenses $12,332

TOTAL EXPENSES $1,307,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,240,515	$1,154,768	+0.1%
Expenses	$1,307,325	$1,160,873	+0.1%
Net Income	$-66,810	$-6,105	+9.9%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARVIN M BOZARD	President Treasurer	15.00	Officer Director	$0	$0	$0
CYNTHIA S BOZARD	Secretary	25.00	Officer Director	$0	$0	$0
LORRAINE B NORDMEYER	Director	5.00	Director	$0	$0	$0

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	$1,240,515	$1,307,325	$317,177	$-66,810
2023	$1,154,768	$1,160,873	$430,277	$-6,105
2022	$1,256,433	$1,252,579	$475,566	$3,854
2021	$833,967	$857,511	$358,077	$-23,544
2020	$544,851	$440,737	$357,377	$104,114