FOUNDERS EDUCATION LEGACY INC (EIN 460693350) - 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

2012

Legal Domicile

Principal Officer

STEVEN TRUPP

Phone

7022281175

Tax Period

2023-07-01 to 2024-06-30

FOUNDERS EDUCATION LEGACY INC, founded in 2012, is a small nonprofit in the Education sector that reported $712K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $690K left a modest 3% surplus.

Mission

TO PROVIDE EDUCATIONAL SUPPORT SERVICES TO FOUNDERS CLASSICAL ACADEMY OF LAS VEGAS.

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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 $0

Program Service Revenue $711,795

Investment Income $0

Other Revenue $0

TOTAL REVENUE $711,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $677,647

Fundraising Expenses $0

Program Expenses $677,942

Other Expenses $11,969

TOTAL EXPENSES $689,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$711,795	$397,449	+0.8%
Expenses	$689,616	$391,818	+0.8%
Net Income	$22,179	$5,631	+2.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN TRUPP	PRESIDENT	0.25	Officer Director	$0	$0	$0
JENNA LAWRENCE	SECRETARY/TREASURER	0.25	Officer Director	$0	$0	$0
MARK HESIAK	DIRECTOR	0.25	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	$711,795	$689,616	$109,526	$22,179
2023	$397,449	$391,818	$68,914	$5,631
2022	$396,401	$380,986	$55,126	$15,415
2021	$220,042	$208,686	$13,906	$11,356
2020	$254,045	$252,170	$14,054	$1,875
2019	$198,995	$226,528	$5,419	$-27,533
2018	$383,323	$350,837	$10,758	$32,486

FOUNDERS EDUCATION LEGACY INC