FUTURE LEADERS OF AMERICA FOUNDATI… - Form 990 Financial Data

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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

MICHAEL ADAMS

Phone

8009946752

Tax Period

2024-01-01 to 2024-12-31

FUTURE LEADERS OF AMERICA FOUNDATION INC, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $37.3M in total revenue in fiscal year 2024.

Mission

TO PROVIDE SUMMER EDUCATIONAL PROGRAMS FOR HIGH SCHOOL STUDENTS WHICH ENCOURAGE STUDENTS TO EXPLORE THEIR ACADEMIC AND CAREER INTERESTS WHILE DEVELOPING LEADERSHIP SKILLS ESSENTIAL FOR THEIR SUCCESS.

Program Service Accomplishments

Program 1

Expenses: $30,309,659 Revenue: $36,513,622

SUMMER EDUCATIONAL PROGRAMS THAT PROVIDE STUDENTS WITH THE OPPORTUNITY TO EXPERIENCE LIFE ON A COLLEGE CAMPUS, DEVELOP ESSENTIAL LEADERSHIP SKILLS, AND EXPLORE A FUTURE CAREER THROUGH EXCITING...

SUMMER EDUCATIONAL PROGRAMS THAT PROVIDE STUDENTS WITH THE OPPORTUNITY TO EXPERIENCE LIFE ON A COLLEGE CAMPUS, DEVELOP ESSENTIAL LEADERSHIP SKILLS, AND EXPLORE A FUTURE CAREER THROUGH EXCITING SIMULATIONS, EXCLUSIVE SITE VISITS AND INTERACTIVE MEETINGS WITH RENOWNED LEADERS IN THEIR CHOSEN FIELD.

Program 2

Expenses: $35,306 Revenue: $0

THE FOUNDATION AWARDS GRANTS TO PUBLICLY SUPPORTED CHARITABLE AND EDUCATIONAL I.R.C. SECTION 501(C)(3) ORGANIZATIONS TO SUPPORT THEIR MISSION.

Program 3

Expenses: $180,000 Revenue: $0

THE FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS WHO ARE ALUMNI OF NSLF PROGRAMS AND ARE ALSO INCOMING FRESHMEN TO A UNIVERSITY THAT SPONSORS NSLF PROGRAMS.

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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 $0

Program Service Revenue $37,220,104

Investment Income $93,813

Other Revenue $0

TOTAL REVENUE $37,313,917

Expense Breakdown

Grants Paid $215,306

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,524,965

Other Expenses $37,070,854

TOTAL EXPENSES $37,286,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,313,917	$36,580,687	+0.0%
Expenses	$37,286,160	$36,580,687	+0.0%
Net Income	$27,757	$0	N/A

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

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
MICHAEL ADAMS	CHAIRMAN	0.30	Officer Director	$0	$0	$0
KRISTINA DUFFY	VICE CHAIRMAN	0.30	Officer Director	$0	$0	$0
MICHAEL BENNETT	SECRETARY	0.30	Officer Director	$0	$0	$0
NATHANIEL SILVER	TREASURER	0.30	Officer 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
2024	$37,313,917	$37,286,160	$408,099	$27,757
2023	$36,580,687	$36,580,687	$380,342	No data
2022	$29,963,469	$29,583,127	$380,342	$380,342
2021	$13,517,008	$13,183,442	No data	$333,566
2020	$2,998,233	$3,359,731	$241,434	$-361,498
2019	$33,600,364	$33,600,364	$27,932	No data
2018	$29,788,347	$29,788,347	$27,932	No data

FUTURE LEADERS OF AMERICA FOUNDATION INC