LEO FOUNDATION (EIN 204879525) - 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

2006

Legal Domicile

Principal Officer

MADELINE WINNEY

Tax Period

2025-01-01 to 2025-12-31

LEO FOUNDATION, founded in 2006, is a small nonprofit in the Education sector that reported $241K in total revenue in fiscal year 2025. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO PROVIDE SCHOLARSHIPS TO TRADITIONAL FULL-TIME UNDERGRADUATE STUDENTS ENROLLED AT UNIVERSITIES AND COLLEGES IN ARIZONA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $225,221

Program Service Revenue $0

Investment Income $9,599

Other Revenue $6,280

TOTAL REVENUE $241,100

Expense Breakdown

Grants Paid $86,675

Salaries & Benefits $91,000

Fundraising Expenses $47,501

Program Expenses $91,453

Other Expenses $61,244

TOTAL EXPENSES $238,919

Year-over-Year Comparison

	2025	2024	Change
Revenue	$241,100	$362,080	-0.3%
Expenses	$238,919	$358,921	-0.3%
Net Income	$2,181	$3,159	-0.3%

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

$91,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MADELINE WINNEY	CEO	040.00	Officer	$91,000	$0	$91,000
MICHELE SIMPHOUKHAM	TREASURER	005.00	Officer Director	$0	$0	$0
JEFF LAKES	PRESIDENT/DIRECTOR THRU 7/29/25	001.00	Officer Director	$0	$0	$0
LORI LAKES	DIRECTOR THRU 7/29/25	001.00	Director	$0	$0	$0
ROB KOTTMANN	DIRECTOR	001.00	Director	$0	$0	$0
GREG SHARP	DIRECTOR	001.00	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	$241,100	$238,919	$246,570	$2,181
2024	$362,080	$358,921	$256,839	$3,159
2023	$287,149	$437,822	$321,805	$-150,673
2022	$282,271	$345,655	$437,946	$-63,384
2021	$273,154	$218,529	$508,131	$54,625
2020	$126,988	$270,006	$469,551	$-143,018
2019	$253,717	$312,428	$608,542	$-58,711
2018	$582,146	$828,865	$949,331	$-246,719

LEO FOUNDATION