LEARNING INDEPENDENCE FOR TOMORROW INC

EIN: 461088977 501(c)(3) Education

CLEARWATER, FL

Total Revenue
$5,930,547
Total Expenses
$5,037,274
Total Assets
$19,327,535
Net Assets
$9,801,357
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
FL
Principal Officer
MATTHEW SPENCE
Phone
7272587659
Tax Period
2023-07-01 to 2024-06-30

LEARNING INDEPENDENCE FOR TOMORROW INC, founded in 2012, is a community nonprofit in the Education sector that reported $5.9M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $893K, a strong 15% operating margin.

Mission

TO INSPIRE AND EMPOWER PEOPLE WITH NEURODIVERSITY TO LEARN, THRIVE, AND SUCCEED.

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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 $5,156,178
Program Service Revenue $773,556
Investment Income $56,151
Other Revenue $-55,338
TOTAL REVENUE $5,930,547

Expense Breakdown

Grants Paid $81,417
Salaries & Benefits $2,735,505
Fundraising Expenses $492,691
Program Expenses $3,976,692
Other Expenses $2,220,352
TOTAL EXPENSES $5,037,274

Year-over-Year Comparison

2023 2022 Change
Revenue $5,930,547 $8,108,088 -0.3%
Expenses $5,037,274 $4,204,329 +0.2%
Net Income $893,273 $3,903,759 -0.8%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
65
Volunteers
160

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
5
$184,964
Total Directors
11
$184,964
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAWN NAUGLE EXECUTIVE DIRECTOR - THRU 6.24 50.00
Officer Director
$181,500 $3,464 $184,964
MATTHEW SPENCE EXECUTIVE DIRECTOR - AS OF 6.24 50.00
Officer Director
$0 $0 $0
KELI MONDELLO CHAIRMAN 20.00
Officer Director
$0 $0 $0
KIM KURUZOVICH VICE CHAIRMAN 5.00
Officer Director
$0 $0 $0
MATT RICH TREASURER 10.00
Officer Director
$0 $0 $0
CHRIS AISENBREY DIRECTOR - AS OF 5.24 1.00
Director
$0 $0 $0
ERIC BECK DIRECTOR - AS OF 3.24 1.00
Director
$0 $0 $0
ELLIAD GRANGER DIRECTOR 1.00
Director
$0 $0 $0
AMY MAGUIRE DIRECTOR 1.00
Director
$0 $0 $0
COLBY MASTERSON DIRECTOR 1.00
Director
$0 $0 $0
KYLE MAXSON DIRECTOR 1.00
Director
$0 $0 $0
TAMI VANOVERBEKE PRINCIPAL 40.00
Highest
$146,000 $5,905 $151,905
JULIE BRECHER DEVELOPMENT DIRECTOR 40.00
Highest
$119,000 $10,025 $129,025
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 $5,930,547 $5,037,274 $19,327,535 $893,273
2023 $8,108,088 $4,204,329 $14,065,909 $3,903,759
2022 $6,565,939 $2,726,802 $5,670,231 $3,839,137
2021 $2,733,297 $2,302,037 $1,541,510 $431,260
2020 $1,920,592 $2,180,777 $1,265,940 $-260,185
2019 $1,885,948 $1,796,629 $1,018,873 $89,319
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