Tomorrows Leaders NYC

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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

2011

Legal Domicile

Principal Officer

Oluwatoyin Ayanfodun

Tax Period

2023-08-01 to 2024-07-31

Tomorrows Leaders NYC, founded in 2011, is a community nonprofit in the Youth Development sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 18% operating deficit.

Mission

TLNYCs mission is to help students and community members overcome social, emotional, and academic challenges to become positive and productive leaders of their community.

Program Service Accomplishments

Program 1

Expenses: $1,352,455

TLNYCs mission is to help students and community members overcome social, emotional, and academic challenges to become positive and productive leaders of their community.

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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 $1,174,128

Program Service Revenue $0

Investment Income $411

Other Revenue $0

TOTAL REVENUE $1,174,539

Expense Breakdown

Grants Paid $2,754

Salaries & Benefits $861,135

Fundraising Expenses $0

Program Expenses $1,352,455

Other Expenses $516,246

TOTAL EXPENSES $1,380,135

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,174,539	$1,194,601	0.0%
Expenses	$1,380,135	$1,185,459	+0.2%
Net Income	$-205,596	$9,142	-23.5%

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

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
Fernando Snowden Lorence	Board Member	1.00	Director	$0	$0	$0
Neisha Springer	Board Member	1.00	Director	$0	$0	$0
Clinton Jackson	Board Member	1.00	Director	$0	$0	$0
Reeya Shah	Board Member	1.00	Director	$0	$0	$0
Oluwatoyin Ayanfodun	Executive Director	40.00	Officer	$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	No data	No data	No data	No data
2024	$1,174,539	$1,380,135	$177,157	$-205,596
2023	$1,194,601	$1,185,459	$372,253	$9,142
2022	$931,868	$538,999	$367,435	$392,869
2022	$930,058	$536,979	$364,373	$393,079
2021	$220,949	$395,433	$76,831	$-174,484
2020	$322,289	$258,379	$200,379	$63,910
2019	$248,526	$252,331	$76,255	$-3,805
2018	$235,791	$260,177	$77,594	$-24,386