THE LEAP FOUNDATION INC (EIN 261809669) - 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

2008

Legal Domicile

Principal Officer

DR WILLIAM DORFMAN

Phone

8778555327

Tax Period

2023-01-01 to 2023-12-31

THE LEAP FOUNDATION INC, founded in 2008, is a small nonprofit in the Education sector that reported $633K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $613K left a modest 3% surplus.

Mission

THE LEAP FOUNDATION, INC. ("LEAP") IS A CALIFORNIA NOT-FOR-PROFIT THAT ORGANIZES LEADERSHIP CONFERENCES DESIGNED TO TEACH YOUNG ADULTS THE SKILLS NECESSARY TO GET A SEVEN YEAR JUMP-START ON LIFE. LEAP'S LEADERSHIP PROGRAMS AIM TO TEACH YOUNG ADULTS IMPORTANT SKILLS LIKE HOW TO ASSUME LEADERSHIP ROLES, PLAN A CAREER PATH, MANAGE PERSONAL FINANCES, AMONG OTHERS, WITH THE PRIMARY GOAL TO MOTIVATE THEM AND INSTILL IN THEM THE SELF CONFIDENCE NECESSARY TO EXCEL IN BOTH THEIR PERSONAL AND PROFESSIONAL LIVES.

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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 $466,046

Program Service Revenue $166,850

Investment Income $0

Other Revenue $0

TOTAL REVENUE $632,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $174,833

Fundraising Expenses $86,074

Program Expenses $389,299

Other Expenses $438,273

TOTAL EXPENSES $613,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$632,896	$717,070	-0.1%
Expenses	$613,106	$696,055	-0.1%
Net Income	$19,790	$21,015	-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

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

$76,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE GALLAGHER	EXECUTIVE DIRECTOR	5.00	Officer Director	$0	$0	$0
GARY DORFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE GALLAGHER	EXECUTIVE DIRECTOR	40.00	Officer	$76,667	$0	$76,667

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
2024	No data	No data	No data	No data
2023	$632,896	$613,106	$23,662	$19,790
2022	$717,070	$696,055	$417,796	$21,015
2021	$306,824	$398,965	$52,105	$-92,141
2020	$339,041	$383,590	$102,167	$-44,549
2019	$571,734	$747,598	$90,682	$-175,864
2018	$1,776,711	$1,193,637	$53,043	$583,074

THE LEAP FOUNDATION INC