LEAP ACADEMY UNIVERSITY CHARTER SC… - 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

1997

Legal Domicile

Principal Officer

GLORIA BONILLA-SANTIAGO

Phone

8566145640

Tax Period

2022-07-01 to 2023-06-30

LEAP ACADEMY UNIVERSITY CHARTER SCHOOL, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $35.4M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.9M, a strong 20% operating margin.

Mission

THE MISSION OF THE LEAP ACADEMY UNIVERSITY CHARTER SCHOOL IS TO ENHANCE OPPORTUNITIES FOR THE CHILDREN AND FAMILIES OF CAMDEN THROUGH THE COLLABORATIVE DESIGN, IMPLEMENTATION, AND INTEGRATION OF EDUCATION, HEALTH, AND HUMAN SERVICES PROGRAMS AND THROUGH COMMUNITY DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $23,484,298

IN SCHOOL INSTRUCTION - FUNDS USED TO PROVIDE PUPIL INSTRUCTION

Program 2

NOT APPLICABLE

Program 3

NOT APPLICABLE

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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 $32,578,325

Program Service Revenue $0

Investment Income $232,744

Other Revenue $2,542,668

TOTAL REVENUE $35,353,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,190,454

Fundraising Expenses $0

Program Expenses $23,484,298

Other Expenses $10,262,126

TOTAL EXPENSES $28,452,580

Year-over-Year Comparison

	2022	2021	Change
Revenue	$35,353,737	$32,391,607	+0.1%
Expenses	$28,452,580	$25,967,203	+0.1%
Net Income	$6,901,157	$6,424,404	+0.1%

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

302

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

$286,153

Total Directors

Key Employees

$264,619

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR GLORIA BONILLA SANTIAGO	CHAIR	15.00	Director	$0	$0	$0
DR MICHAEL PALIS	VICE-CHAIR	2.00	Director	$0	$0	$0
HECTOR NIEVES	PARENT REP - TRUSTEE	2.00	Director	$0	$0	$0
MARGO VENABLE	PUBLIC MEMBER - TRUSTEE	2.00	Director	$0	$0	$0
CAL MARADONNA	PUBLIC MEMBER - TRUSTEE	2.00	Director	$0	$0	$0
DR DONNA NICKITAS	PUBLIC MEMBER - TRUSTEE	2.00	Director	$0	$0	$0
DR ANTHONY M LOWMAN	PUBLIC MEMBER - TRUSTEE	2.00	Director	$0	$0	$0
BRENDA ORTIZ	PARENT REP - TRUSTEE	2.00	Director	$0	$0	$0
MARGARET MANTHE	PUBLIC MEMBER - TRUSTEE	2.00	Director	$0	$0	$0
OMAR SAMANIEGO	PUBLIC MEMBER - TRUSTEE	2.00	Director	$0	$0	$0
DR MATHEW CLOSTER	PUBLIC MEMBER - TRUSTEE	2.00	Director	$0	$0	$0
DR YOSMERIZ ROMAN	PUBLIC MEMBER - TRUSTEE	2.00	Director	$0	$0	$0
BETTE MENGASHA	PUBLIC MEMBER - TRUSTEE	2.00	Director	$0	$0	$0
WANDA GARCIA	BOARD LIASON	2.00	Officer	$0	$0	$0
STEPHANIE ROGERS	CHIEF OPERATIONS OFFICER/L	40.00	Officer	$142,200	$6,922	$149,122
YUSEIN DURAKOV	CHIEF FINANCIAL OFFICER/SB	40.00	Officer	$137,031	$0	$137,031
DR VELMINA RIVERA MD	CHIEF MEDICAL DIRECTOR	40.00	Key Emp	$264,619	$0	$264,619
STEVENSON PIERRE-JACQUES	DIRECTOR OF IT	40.00	Highest	$120,075	$0	$120,075
MARGARITA DAVID	NURSE	40.00	Highest	$114,683	$0	$114,683
TUGBA HOGUET	DIRECTOR OF ESL	40.00	Highest	$118,181	$15,475	$133,656
JOZIAN MOLINA	CHIEF ACADEMIC OFFICE	40.00	Highest	$117,500	$6,822	$124,322

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	$35,353,737	$28,452,580	$56,268,773	$6,901,157
2022	$32,391,607	$25,967,203	$51,218,862	$6,424,404
2021	$26,837,765	$24,822,346	$46,262,848	$2,015,419
2020	$24,003,614	$25,389,032	$45,851,890	$-1,385,418
2019	$26,442,379	$25,443,031	$43,463,064	$999,348
2018	$24,749,961	$24,961,649	$44,046,778	$-211,688

LEAP ACADEMY UNIVERSITY CHARTER SCHOOL