FUTURE BUSINESS LEADERS OF AMERICA… - 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

1969

Legal Domicile

Principal Officer

JENNIFER WOODS

Phone

7038603337

Tax Period

2024-08-01 to 2025-07-31

FUTURE BUSINESS LEADERS OF AMERICA INC, founded in 1969, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $8.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

FUTURE BUSINESS LEADERS OF AMERICA (FBLA) INSPIRES AND PREPARES STUDENTS TO BECOME COMMUNITY-MINDED BUSINESS LEADERS IN A GLOBAL SOCIETY THROUGH RELEVANT CAREER PREPARATION AND LEADERSHIP EXPERIENCES. EACH YEAR, FBLA ENGAGES OVER 200,000 MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE STUDENTS THROUGH EDUCATION PROGRAMS THAT BUILD BUSINESS KNOWLEDGE, CAREER-CONNECTED SKILLS, AND LEADERSHIP CAPACITY TO SUCCEED IN THE WORKFORCE OF TOMORROW.

Program Service Accomplishments

Program 1

Expenses: $4,085,530 Revenue: $4,294,819

EDUCATION: FBLA'S NATIONAL LEADERSHIP CONFERENCE (NLC) IS A CORNERSTONE OF ITS EDUCATIONAL PROGRAMMING, INTEGRATING CLASSROOM LEARNING WITH REAL-WORLD APPLICATION. FROM JUNE 26 TO JULY 2, 2025, MORE THAN 14,000 STUDENTS ATTENDED THE NLC IN ANAHEIM, CALIFORNIA, WHERE THEY PARTICIPATED IN HIGH-QUALITY, CAREER-CONNECTED LEARNING EXPERIENCES INCLUDING MORE THAN 194 STUDENT-CENTERED WORKSHOPS, LEADERSHIP ACADEMIES, AND INDUSTRY PANELS. THESE EXPERIENTIAL LEARNING OPPORTUNITIES ALIGN WITH PRIORITIES TO EXPAND WORK-BASED LEARNING EXPERIENCES AND HELP STUDENTS STRENGTHEN IN-DEMAND SKILLS ACROSS BUSINESS, TECHNOLOGY, AND COMMUNICATIONS SECTORS.

Program 2

Expenses: $1,311,870 Revenue: $1,284

AWARDS: FBLA'S COMPETITIVE EVENT PROGRAM IS AN EDUCATION-BASED RECOGNITION INITIATIVE ALIGNED TO STATE AND NATIONAL ACADEMIC AND CAREER AND TECHNICAL EDUCATION (CTE) STANDARDS. STUDENTS COMPETE IN...

AWARDS: FBLA'S COMPETITIVE EVENT PROGRAM IS AN EDUCATION-BASED RECOGNITION INITIATIVE ALIGNED TO STATE AND NATIONAL ACADEMIC AND CAREER AND TECHNICAL EDUCATION (CTE) STANDARDS. STUDENTS COMPETE IN MORE THAN 153 EVENTS TIED TO BUSINESS PATHWAYS SUCH AS FINANCE, ENTREPRENEURSHIP, COMPUTER SCIENCE, HOSPITALITY, AND MARKETING. IN 2024-2025, OVER 30,000 STUDENTS PARTICIPATED IN DISTRICT, STATE, AND NATIONAL LEVELS, DEMONSTRATING PROFICIENCY IN PROBLEM-SOLVING, CRITICAL THINKING, COMMUNICATION, AND LEADERSHIP, SKILLS ALIGNED WITH EMPLOYABILITY AND 21ST-CENTURY WORKFORCE READINESS.

Program 3

Expenses: $743,162 Revenue: $2,139,714

MEMBERSHIP: FBLA CHAPTERS SERVE AS EDUCATION HUBS WHERE STUDENTS ENGAGE IN PROJECT-BASED LEARNING, COMMUNITY SERVICE, AND LEADERSHIP DEVELOPMENT. IN 2024-2025, FBLA SUPPORTED 204,000 MEMBERS ACROSS 5,825 CHAPTERS. THROUGH STRUCTURED CLASSROOM INTEGRATION AND CO-CURRICULAR EXPERIENCES, FBLA HELPS STUDENTS EXPLORE CAREER PATHWAYS, DEVELOP LEADERSHIP COMPETENCIES, AND ENGAGE IN CIVIC AND ECONOMIC EDUCATION, ADVANCING ACCESS TO HIGH-QUALITY CTE AND CAREER PATHWAY PROGRAMMING.

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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 $262,782

Program Service Revenue $6,713,828

Investment Income $262,806

Other Revenue $162,177

TOTAL REVENUE $7,401,593

Expense Breakdown

Grants Paid $222,792

Salaries & Benefits $1,928,994

Fundraising Expenses $168,951

Program Expenses $6,555,152

Other Expenses $6,505,493

TOTAL EXPENSES $8,657,279

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,401,593	$8,730,104	-0.2%
Expenses	$8,657,279	$9,295,060	-0.1%
Net Income	$-1,255,686	$-564,956	+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

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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

Volunteers

2800

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

$178,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER CLAUS	CHAIR	1.00	Officer Director	$0	$0	$0
JAN IMHOFF	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
ROBERT J KOLLAR	PAST CHAIR	5.00	Officer Director	$0	$0	$0
MICHAEL HECHT	TREASURER	1.00	Officer Director	$0	$0	$0
DUKE DISTEFANO	SECRETARY	1.00	Officer Director	$0	$0	$0
LUCKSON ABRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
CORBIN ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
DAN HAZLETT	DIRECTOR	1.00	Director	$0	$0	$0
JULIE ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
CAROL YORK	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MCGARVEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW STONE	HIGH SCHOOL NATIONAL PRESIDENT	1.00	Director	$0	$0	$0
BETHANY DUKE	COLLEGIATE NATIONAL PRESIDENT	1.00	Director	$0	$0	$0
ROBERT HOLST	DIRECTOR OF FINANCE - UNTIL 07/25	40.00	Officer	$166,661	$11,666	$178,327
JENNIFER WOODS	PRESIDENT & CEO - AS OF 01/25	40.00	Officer	$0	$0	$0
RANDY W FISER INTERIM	PRESIDENT & CEO - UNTIL 12/24	40.00	Officer	$0	$0	$0
JENNIFER L STALEY	DIRECTOR OF COMPETITIVE EVENTS	40.00	Highest	$133,370	$19,556	$152,926
GAYLE ROBINSON	DIRECTOR OF EDUCATION	40.00	Highest	$128,106	$18,602	$146,708
LISA SMOTHERS	DIRECTOR OF MEMBERSHIP	40.00	Highest	$105,367	$20,446	$125,813
MARY LYNN RYNKIEWICZ	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$103,321	$7,976	$111,297
ALEXANDER T GRAHAM	FORMER PRESIDENT & CEO	40.00		$168,497	$8,170	$176,667

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	$7,401,593	$8,657,279	$11,687,019	$-1,255,686
2024	No data	No data	No data	No data
2023	$5,211,463	$7,549,571	$9,405,498	$-2,338,108
2022	$9,363,546	$8,277,766	$12,546,685	$1,085,780
2021	$583,574	$602,105	$10,435,182	$-18,531
2021	$3,939,641	$4,162,587	$10,851,342	$-222,946
2020	$5,065,049	$5,813,212	$11,327,997	$-748,163
2019	$5,185,533	$5,307,559	$13,606,097	$-122,026
2018	$5,361,369	$5,045,379	$13,800,565	$315,990

FUTURE BUSINESS LEADERS OF AMERICA INC