REDEEMERS LEARNING CENTER

EIN: 371834211 501(c)(3) Human Services

KATY, TX

Total Revenue
$1,282,573
Total Expenses
$1,259,662
Total Assets
$1,411,692
Net Assets
$657,183
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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
TX
Principal Officer
FOLASADE BADRU
Phone
8324378918
Tax Period
2023-01-01 to 2023-12-31

REDEEMERS LEARNING CENTER, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

To raise children withbalanced education, building the future champions in Character, and Ministry

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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 (2023)

Revenue Breakdown

Contributions & Grants $175,210
Program Service Revenue $1,107,131
Investment Income $232
Other Revenue $0
TOTAL REVENUE $1,282,573

Expense Breakdown

Grants Paid $80,335
Salaries & Benefits $308,039
Fundraising Expenses $0
Other Expenses $871,288
TOTAL EXPENSES $1,259,662

Year-over-Year Comparison

2023 2022 Change
Revenue $1,282,573 $1,138,531 +0.1%
Expenses $1,259,662 $846,726 +0.5%
Net Income $22,911 $291,805 -0.9%
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
7
Independent Members
N/A
Employees
10
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
0
$0
Total Directors
1
$74,820
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FOLASADE BADRU DIRECTOR 40
Director
$74,820 $0 $74,820
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 $1,282,573 $1,259,662 $1,411,692 $22,911
2022 $1,138,531 $846,726 $779,918 $291,805
2021 $527,523 $364,543 $342,469 $162,980
2020 $281,441 $242,952 $197,888 $38,489
2019 $394,863 $325,914 $159,397 $68,949
2018 $350,228 $293,474 $92,801 $56,754
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