Firm Foundation Early Learning Academy (EIN 352424156) - 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

2010

Legal Domicile

Principal Officer

Colbert White

Phone

7703440002

Tax Period

2024-08-01 to 2025-07-31

Firm Foundation Early Learning Academy, founded in 2010, is a small nonprofit in the Education sector that reported $187K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $233K exceeded revenue, resulting in a 25% operating deficit.

Mission

We are a student support program that provides academic enrichment for students K4 through 9th grade.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,222

Program Service Revenue $151,361

Investment Income $0

Other Revenue $34,297

TOTAL REVENUE $186,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,241

Fundraising Expenses $0

Program Expenses $219,673

Other Expenses $118,655

TOTAL EXPENSES $232,896

Year-over-Year Comparison

	2024	2023	Change
Revenue	$186,880	$217,969	-0.1%
Expenses	$232,896	$170,714	+0.4%
Net Income	$-46,016	$47,255	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Colbert White	Chairman	012.00	Officer Director	$0	$0	$0
Angela Benson	Secretary	004.00	Officer Director	$0	$0	$0
James Johnson	Board Member - Transportation	004.00	Officer Director	$0	$0	$0
Lincoln Henry	Board Member	004.00	Officer Director	$0	$0	$0
Karmel Zimmerman	Advertising Director	004.00	Director	$0	$0	$0
Lisa Green Butler	Board Member	004.00	Director	$0	$0	$0
Lisa Robinson	Financial Director	006.00	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	$186,880	$232,896	$1,398	$-46,016
2024	$217,969	$170,714	$47,414	$47,255
2023	$186,988	$204,222	$159	$-17,234
2022	$228,050	$187,895	$17,393	$40,155
2021	$165,144	$187,370	$-22,762	$-22,226
2020	$169,418	$193,655	$-536	$-24,237
2019	$236,417	$205,967	$23,701	$30,450

Firm Foundation Early Learning Academy