LEAD PUBLIC SCHOOLS INC (EIN 202526508) - 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

2004

Legal Domicile

Principal Officer

DR RICKI GIBBS II

Phone

6153275422

Tax Period

2024-07-01 to 2025-06-30

LEAD PUBLIC SCHOOLS INC, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $40.2M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

PREPARE ALL OUR STUDENTS WITH THE KNOWLEDGE AND SKILLS TO SUCCEED IN COLLEGE AND IN LIFE.

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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 $39,988,349

Program Service Revenue $54,840

Investment Income $110,542

Other Revenue $0

TOTAL REVENUE $40,153,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,530,541

Fundraising Expenses $0

Program Expenses $37,277,662

Other Expenses $16,177,886

TOTAL EXPENSES $40,708,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,153,731	$56,365,930	-0.3%
Expenses	$40,708,427	$53,539,861	-0.2%
Net Income	$-554,696	$2,826,069	-1.2%

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

349

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

$502,508

Total Directors

Key Employees

$585,810

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWAYNE TUCKER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$277,945	$28,385	$306,330
ADRIENNE USETED	CSGO (LEFT MAR 2025)	40.00	Key Emp	$188,799	$28,880	$217,679
LAVOE MULGREW	HEAD OF SCHOOLS	40.00	Highest	$179,524	$25,408	$204,932
RICKI GIBBS	ES HEAD OF SCHOOL	40.00	Highest	$188,030	$15,236	$203,266
MARY MINICH	HEAD OF ACAD/INNO	40.00	Highest	$164,906	$32,778	$197,684
ASHLEY MONTGOMERY	CHIEF FINANCIAL OFFICER	40.00	Officer	$167,396	$28,782	$196,178
NICOLAS FRANK	CHIEF HUMAN RESOURCES OFFICER	40.00	Key Emp	$173,013	$13,834	$186,847
TONY MAJORS	CHIEF OPERATING OFFICER	40.00	Key Emp	$168,337	$12,947	$181,284
ELOISE ALEXIS	VP OF DEVELOPMENT	40.00	Highest	$166,281	$18,383	$184,664
STEF CARSON	VP OF DATA	40.00	Highest	$146,165	$26,856	$173,021
MIKE HONIOUS	CHAIR	2.00	Officer Director	$0	$0	$0
JONATHAN DYKE	DIRECTOR	2.00	Director	$0	$0	$0
DR BRYAN FISHER	DIRECTOR	2.00	Director	$0	$0	$0
CARTER FISHER	DIRECTOR	2.00	Director	$0	$0	$0
VALERIE HAYES MOLETTE	DIRECTOR	2.00	Director	$0	$0	$0
CARI ISHAM	DIRECTOR	2.00	Director	$0	$0	$0
ROB KELLER	DIRECTOR	2.00	Director	$0	$0	$0
JAMESE LEVEIUS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LOVE	DIRECTOR	2.00	Director	$0	$0	$0
JEROME OGELSBY	DIRECTOR	2.00	Director	$0	$0	$0
LINDA PANNOCK	DIRECTOR	2.00	Director	$0	$0	$0
ALEX RYERSON	DIRECTOR	2.00	Director	$0	$0	$0
DERRICK SALTER	DIRECTOR	2.00	Director	$0	$0	$0
JIM VESTERMAN	DIRECTOR	2.00	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	$40,153,731	$40,708,427	$42,809,086	$-554,696
2024	$56,365,930	$53,539,861	$43,880,415	$2,826,069
2023	$48,853,926	$44,596,381	$39,015,962	$4,257,545
2022	$52,206,992	$40,865,536	$34,734,770	$11,341,456
2021	$42,742,487	$34,529,503	$24,033,254	$8,212,984
2020	$33,776,721	$33,440,503	$14,615,210	$336,218
2019	$31,670,055	$30,905,845	$15,282,672	$764,210
2018	$28,514,861	$28,907,480	$13,941,135	$-392,619

LEAD PUBLIC SCHOOLS INC