LEADERSHIP EMPOWERMENT CENTER INC FORMERLY YOUTH VISIONS INC

EIN: 311611758 501(c)(3) Religion

MEMPHIS, TN

Total Revenue
$326,841
Total Expenses
$645,881
Total Assets
$1,461,779
Net Assets
$1,416,400
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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
1999
Legal Domicile
TN
Principal Officer
BILL SEELY
Phone
9013587788
Tax Period
2024-01-01 to 2024-12-31

LEADERSHIP EMPOWERMENT CENTER INC FORMERLY YOUTH VISIONS INC, founded in 1999, is a small nonprofit in the Religion sector that reported $327K in total revenue in fiscal year 2024. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $646K exceeded revenue, resulting in a 98% operating deficit.

Mission

MINISTRY TO INNER-CITY CHILDREN THROUGH EDUCATION AND LEADERSHIP SKILLS

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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 $318,509
Program Service Revenue $0
Investment Income $532
Other Revenue $7,800
TOTAL REVENUE $326,841

Expense Breakdown

Grants Paid $0
Salaries & Benefits $402,272
Fundraising Expenses $0
Program Expenses $42,444
Other Expenses $243,609
TOTAL EXPENSES $645,881

Year-over-Year Comparison

2024 2023 Change
Revenue $326,841 $2,060,194 -0.8%
Expenses $645,881 $683,963 -0.1%
Net Income $-319,040 $1,376,231 -1.2%
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
5
Independent Members
5
Employees
7
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
1
$0
Total Directors
4
$92,252
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL SEELY CHAIRMAN 1.00
Officer
$0 $0 $0
JERRY CORLESS DIRECTOR 1.00
Director
$0 $0 $0
SAM ROGERS DIRECTOR 1.00
Director
$0 $0 $0
CHARLES CLARK DIRECTOR 1.00
Director
$0 $0 $0
MARRON THOMAS EXECUTIVE DI 40.00
Director
$92,252 $0 $92,252
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 $326,841 $645,881 $1,461,779 $-319,040
2023 $2,060,194 $683,963 $1,818,527 $1,376,231
2022 $582,654 $573,933 $415,718 $8,721
2021 $410,411 $556,649 $385,206 $-146,238
2020 $538,736 $542,073 $523,410 $-3,337
2019 $446,634 $589,411 $537,285 $-142,777
2018 $720,542 $509,490 $670,738 $211,052
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