LEADSMART TRAINING SOLUTIONS INC

EIN: 273030364 Education

SOUTH BERWICK, ME

Total Revenue
$797,871
Total Expenses
$892,062
Total Assets
$129,445
Net Assets
$-349,236
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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
2010
Legal Domicile
MA
Principal Officer
PETER LAWTON
Phone
5087356041
Tax Period
2024-07-01 to 2025-06-30

LEADSMART TRAINING SOLUTIONS INC, founded in 2010, is a small nonprofit in the Education sector that reported $798K in total revenue in fiscal year 2024. Expenses of $892K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE OCCUPATIONAL SAFETY TRAINING IN CONSTRUCTION DEALING WITH LEAD PAINT, ASBESTOS AND OTHER TOXIC HAZARDS, AND TO PROVIDE TRAINING IN OSHA REGULATIONS RELATING TO CONSTRUCTION AND WORKSITE HAZARDS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $775,172
Investment Income $3,109
Other Revenue $19,590
TOTAL REVENUE $797,871

Expense Breakdown

Grants Paid $700
Salaries & Benefits $472,217
Fundraising Expenses $0
Other Expenses $419,145
TOTAL EXPENSES $892,062

Year-over-Year Comparison

2024 2023 Change
Revenue $797,871 $756,028 +0.1%
Expenses $892,062 $719,632 +0.2%
Net Income $-94,191 $36,396 -3.6%
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

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Governance

Voting Members
3
Independent Members
1
Employees
8
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
2
$215,991
Total Directors
3
$215,991
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER LAWTON PRESIDENT,TR 40.00
Officer Director
$106,266 $600 $106,866
SCOTT SPYROPOULOS VICE PRESIDE 40.00
Officer Director
$109,125 $0 $109,125
JONATHAN LAWTON 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 $797,871 $892,062 $129,445 $-94,191
2024 $756,028 $719,632 $107,004 $36,396
2023 $729,625 $801,671 $124,244 $-72,046
2022 $594,663 $779,676 $128,787 $-185,013
2021 $626,622 $593,724 $122,214 $32,898
2020 $490,090 $493,846 $184,669 $-3,756
2019 $549,901 $546,730 $28,796 $3,171
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