LEAD ACADEMY

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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

2009

Legal Domicile

Principal Officer

ELIAS S SURKIN

Phone

8649161459

Tax Period

2022-07-01 to 2023-06-30

LEAD ACADEMY, founded in 2009, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TO PREPARE ALL STUDENTS, PARTICULARLY THOSE WHO HAVE NOT BEEN SUCCESSFUL IN TRADITIONAL SCHOOL ENVIRONMENTS, FOR LIFE-LONG SUCCESS THROUGH A STRUCTURED, CARING ENVIRONMENT OF HIGH ACADEMIC EXPECTATIONS; TO EDUCATE SERVANT LEADERS THROUGH A COMMITMENT TO DEVELOP EACH STUDENT IN SEVEN KEY AREAS: LEADERSHIP, SCHOLARSHIP, CHARACTER, TEAMWORK, CREATIVITY, COMMUNITY ENGAGEMENT AND IDENTITY.

Program Service Accomplishments

Program 1

Expenses: $3,838,238 Revenue: $150,636

LEAD ACADEMY IS HELPING ALL STUDENTS DEVELOP THE WORLD CLASS SKILLS AND LIFE AND CAREER CHARACTERISTICS OF THE PROFILE OF THE SOUTH CAROLINA GRADUATE BY CHALLENGING EVERY CHILD TO ACHIEVE AT AN...

LEAD ACADEMY IS HELPING ALL STUDENTS DEVELOP THE WORLD CLASS SKILLS AND LIFE AND CAREER CHARACTERISTICS OF THE PROFILE OF THE SOUTH CAROLINA GRADUATE BY CHALLENGING EVERY CHILD TO ACHIEVE AT AN EXCEPTIONALLY HIGH LEVEL, REGARDLESS OF BACKGROUND OR CIRCUMSTANCE. WE SET HIGH EXPECTATIONS FOR OUR STUDENTS THROUGH OUR FOCUS ON THE FOUR EXPECTATIONS THAT GUIDE OUR SCHOOL CULTURE: BE NICE; WORK HARD; SERVE WELL; HAVE FUN. THESE CORE VALUES DRIVE ALL PROGRAMS AND INITIATIVES AT LEAD. THE EL EDUCATION FRAMEWORK IS ALSO EXEMPLIFIED BY PROJECT-BASED LEARNING EXPEDITIONS, WHERE STUDENTS ENGAGE IN INTERDISCIPLINARY, IN-DEPTH STUDY OF COMPELLING TOPICS, IN GROUPS AND IN THEIR COMMUNITY, WITH ASSESSMENT COMING THROUGH CUMULATIVE PRODUCTS, PUBLIC PRESENTATIONS, AND PORTFOLIOS. THE MODEL EMPHASIZES HIGH LEVELS OF STUDENT ENGAGEMENT, ACHIEVEMENT, AND CHARACTER DEVELOPMENT. PARTNERSHIPS THAT PROVIDED INCREASED OPPORTUNITIES TO OUR STUDENTS WERE FORMED WITH THE UNITED WAY OF GREENVILLE COUNTY, GOODWILL GOODGUIDES, AND THE ROTARY CLUB OF GREENVILLE. THESE ORGANIZATIONS SUPPORTED OUR EXTENDED DAY PROGRAM, PROVIDED TECHNOLOGY FOR OUR 1:1 CHROMEBOOK PROGRAM, ASSIGNED MENTORS, ASSISTED WITH COLLEGE AND CAREER PLANNING, AND ENGAGED OUR STUDENTS IN REGULAR CHARACTER EDUCATION LESSONS. OUR STUDENTS HAD THE OPPORTUNITY TO PARTICIPATE IN A NUMBER OF EXTRACURRICULAR ACTIVITIES AND CLUBS INCLUDING HONOR BAND, ATHLETIC LEAGUES,

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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 $5,315,000

Program Service Revenue $150,636

Investment Income $53,205

Other Revenue $0

TOTAL REVENUE $5,518,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,918,533

Fundraising Expenses $60,226

Program Expenses $3,838,238

Other Expenses $2,652,351

TOTAL EXPENSES $5,570,884

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,518,841	$4,564,880	+0.2%
Expenses	$5,570,884	$5,027,604	+0.1%
Net Income	$-52,043	$-462,724	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIAS S SURKIN	BOARD CHAIR	8.00	Officer Director	$0	$0	$0
MILTON SHOCKLEY	TREASURER	6.00	Officer Director	$0	$0	$0
REBECCA FAULKNER	DIRECTOR	2.00	Director	$0	$0	$0
COURTNEY BURNETT	DIRECTOR	2.00	Director	$0	$0	$0
MICHANA TALLEY	DIRECTOR	2.00	Director	$0	$0	$0
PAUL THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
SUNNY BROADUS	DIRECTOR	2.00	Director	$0	$0	$0
BERRI HEINZ	DIRECTOR	2.00	Director	$0	$0	$0
SARAH KELLEY	DIRECTOR	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$5,518,841	$5,570,884	$17,297,069	$-52,043
2022	$4,564,880	$5,027,604	$17,504,894	$-462,724
2021	$4,765,147	$4,857,327	$18,115,023	$-92,180
2020	$4,522,697	$4,364,983	$11,926,614	$157,714
2019	$4,606,255	$4,263,405	$11,900,912	$342,850
2018	$4,578,529	$4,210,439	$11,996,733	$368,090