Leap Learning Systems (EIN 363940161) - 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

1993

Legal Domicile

Principal Officer

Nina Smith

Tax Period

2023-01-01 to 2023-12-31

Leap Learning Systems, founded in 1993, is a small nonprofit in the Education sector that reported $540K in total revenue in fiscal year 2023.

Mission

To develop language skills needed for academic and professional success across ages 0 to early adulthood in low-resource communities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $400,039

Program Service Revenue $136,370

Investment Income $3,351

Other Revenue $0

TOTAL REVENUE $539,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,862

Fundraising Expenses $67,953

Program Expenses $382,278

Other Expenses $339,139

TOTAL EXPENSES $571,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$539,760	$526,853	+0.0%
Expenses	$571,001	$488,887	+0.2%
Net Income	$-31,241	$37,966	-1.8%

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

$101,063

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nina Smith	Executive Director	40.00	Officer	$101,063	$0	$101,063
Cyril Nichols	Director	1.00	Director	$0	$0	$0
Lorraine Cole	Director	1.00	Director	$0	$0	$0
David Starr	Director	1.00	Director	$0	$0	$0
Catherine Gottfred	Director	1.00	Director	$0	$0	$0
Josh Holton	Director	1.00	Director	$0	$0	$0
Richard Gottfred	Director	1.00	Director	$0	$0	$0
Chris Hillcoat	Director	1.00	Director	$0	$0	$0
Sue Ellen Krause	Secretary	1.00	Officer Director	$0	$0	$0
Pamela Daniels Halisi	Chair	1.00	Officer Director	$0	$0	$0
Summit Dahr	Treasurer	1.00	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
2024	No data	No data	No data	No data
2023	$539,760	$571,001	$203,122	$-31,241
2022	$526,853	$488,887	$294,125	$37,966
2021	$516,056	$454,812	$237,916	$61,244
2020	$449,674	$397,360	$137,425	$52,314
2019	$419,715	$395,913	$72,707	$23,802
2018	$314,368	$376,956	$52,577	$-62,588

Leap Learning Systems