Inspiring Minds (EIN 261429323) - 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

2007

Legal Domicile

Principal Officer

DERYCK TOLES

Phone

3304696729

Tax Period

2023-01-01 to 2023-12-31

Inspiring Minds, founded in 2007, is a community nonprofit in the Recreation & Sports sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 38% operating margin.

Mission

TO ENGAGE INSPIRE AND EMPOWER YOUTH TO REACH THEIR FULL POTENTIAL THROUGH EDUCATION AND EXPOSURE TO LIFE CHANGING EXPERIENCES

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,593,348

Program Service Revenue $0

Investment Income $36,651

Other Revenue $129,727

TOTAL REVENUE $2,759,726

Expense Breakdown

Grants Paid $105

Salaries & Benefits $1,018,209

Fundraising Expenses $0

Program Expenses $1,495,821

Other Expenses $697,762

TOTAL EXPENSES $1,716,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,759,726	$1,663,375	+0.7%
Expenses	$1,716,076	$1,389,852	+0.2%
Net Income	$1,043,650	$273,523	+2.8%

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

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

$181,445

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERYCK TOLES	CEO	40.00	Officer	$171,886	$9,559	$181,445
PASTOR JOSEPH WALKER	President	2.00	Officer Director	$0	$0	$0
TRINETTE SIMON CPA	Treasurer	2.00	Officer Director	$0	$0	$0
DEAN NOBLE	Secretary	2.00	Officer Director	$0	$0	$0
ALICIA MILLER	Vice President	2.00	Officer Director	$0	$0	$0
ANGELA MOSS	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLA BALDWIN	Board Member	2.00	Director	$0	$0	$0
MEGAN WALKER	Board Member	2.00	Director	$0	$0	$0
SHERRI BERCHENI	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$2,759,726	$1,716,076	$5,261,963	$1,043,650
2022	$1,663,375	$1,389,852	$3,664,959	$273,523
2021	$1,773,478	$1,244,576	$3,657,119	$528,902
2020	$1,534,001	$965,592	$2,670,841	$568,409
2019	$1,268,467	$1,033,605	$1,448,543	$234,862
2018	$1,486,761	$1,007,492	$1,267,500	$479,269

Inspiring Minds