EDUCATION LEADS TO SUCCESS FOUNDAT… - 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

2009

Legal Domicile

Principal Officer

KING HOLLIS

Phone

9722551800

Tax Period

2022-01-01 to 2022-12-31

EDUCATION LEADS TO SUCCESS FOUNDATION, founded in 2009, is a small nonprofit in the Education sector that reported $865K in total revenue in fiscal year 2022. Revenue surged 114% from the prior year, signaling strong growth momentum. Expenses of $3.1M exceeded revenue, resulting in a 260% operating deficit.

Mission

ELTSF SUPPORTS LTTS PRIMARILY BY PROVIDING IT WITH A COST-EFFECTIVE FACILITY FOR ITS SCHOOL OPERATIONS.

Program Service Accomplishments

Program 1

Expenses: $2,775,736 Revenue: $505,775

ELTSF LEASES AN EDUCATIONAL FACILITY TO LTTS CHARTER SCHOOL, INC. UNDER FAVORABLE TERMS FOR THE SCHOOL WHICH ALLOWS THE SCHOOL TO BETTER SERVE ITS STUDENTS. ELTS ENSURES THAT LTTS HAS ADEQUATE...

ELTSF LEASES AN EDUCATIONAL FACILITY TO LTTS CHARTER SCHOOL, INC. UNDER FAVORABLE TERMS FOR THE SCHOOL WHICH ALLOWS THE SCHOOL TO BETTER SERVE ITS STUDENTS. ELTS ENSURES THAT LTTS HAS ADEQUATE EDUCATIONAL FACILITIES SUCH THAT LTTS CAN SUCCESSFULLY CARRY OUT ITS FUNCTION OF PROVIDING FREE PUBLIC EDUCATION TO STUDENTS IN PRE-KINDERGARDEN THROUGH THE TWELFTH GRADE.THE ORGANIZATION ALSO OWNS LAND, HORSE STABLES, AND HORSES THAT ARE USED TO PROVIDE RIDING LESSONS, FIELD TRIPS, AND OTHER EXTRACURRICULAR ACTIVITIES TO THE STUDENTS OF LTTS CHARTER SCHOOL.

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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 $0

Program Service Revenue $505,775

Investment Income $323,694

Other Revenue $35,340

TOTAL REVENUE $864,809

Expense Breakdown

Grants Paid $3,489

Salaries & Benefits $77,578

Fundraising Expenses $0

Program Expenses $2,775,736

Other Expenses $3,028,546

TOTAL EXPENSES $3,109,613

Year-over-Year Comparison

	2022	2021	Change
Revenue	$864,809	$404,806	+1.1%
Expenses	$3,109,613	$3,509,035	-0.1%
Net Income	$-2,244,804	$-3,104,229	-0.3%

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
SHARON MCNEALY	SECRETARY	0.25	Officer Director	$0	$0	$0
NATE MCLAUGHLIN	PRESIDENT	0.25	Officer Director	$0	$0	$0
KING HOLLIS	DIRECTOR	0.25	Officer 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
2022	$864,809	$3,109,613	$19,800,271	$-2,244,804
2021	$404,806	$3,509,035	$22,329,209	$-3,104,229
2020	$331,064	$1,854,877	$25,094,712	$-1,523,813

EDUCATION LEADS TO SUCCESS FOUNDATION