SHEILA C SKIP NOWELL LEADERSHIP AC… - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

DREW ALLSOPP

Phone

4017510405

Tax Period

2023-07-01 to 2024-06-30

SHEILA C SKIP NOWELL LEADERSHIP ACADEMY, founded in 2013, is a community nonprofit in the Education sector that reported $4.7M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE SHEILA C. "SKIP" NOWELL LEADERSHIP ACADEMY IS TO ENSURE THAT RHODE ISLAND'S PREGNANT, PARENTING AND UNDERSERVED YOUTH GRADUATE FROM HIGH SCHOOL WITH THE KNOWLEDGE AND SKILLS THEY NEED TO BE PREPARED FOR SUCCESS IN COLLEGE, CAREER AND FAMILY LIFE.OUR VISION IS TO BECOME A NATIONAL LEADER IN PROVIDING AN EXCEPTIONALLY HIGH QUALITY, COMPETENCY BASED HIGH SCHOOL EXPERIENCE TO PREGNANT, PARENTING AND UNDERSERVED STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $4,340,166 Revenue: $3,181,905

THROUGH THE PROVISION OF A HOLISTIC EDUCATIONAL PROGRAM THAT INCLUDES A FULL GRADE 9-12 ONLINE-VIRTUAL CURRICULUM; WRAP-AROUND SUPPORTIVE SERVICES; AFFORDABLE AND ACCESSIBLE ON-SITE DAY CARE...

THROUGH THE PROVISION OF A HOLISTIC EDUCATIONAL PROGRAM THAT INCLUDES A FULL GRADE 9-12 ONLINE-VIRTUAL CURRICULUM; WRAP-AROUND SUPPORTIVE SERVICES; AFFORDABLE AND ACCESSIBLE ON-SITE DAY CARE; FLEXIBLE AND INDIVIDUALIZED IN-SCHOOL HOURS; AND SPECIALIZED ACCESSIBILITY TO COLLEGES, UNIVERSITIES AND POST-SECONDARY JOB TRAINING PROGRAMS,GRADUATES OF THE ACADEMY WILL BE PREPARED TO BECOME PRODUCTIVE CITIZENS, WORKERS AND LIFELONG LEARNERS, AND ALSO EMPOWERED AND FINANCIALLY INDEPENDENT INDIVIDUALS AT THE HEADS OF STRONG AND STABLE FAMILIES.

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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 $1,512,147

Program Service Revenue $3,176,524

Investment Income $33,079

Other Revenue $5,381

TOTAL REVENUE $4,727,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,126,934

Fundraising Expenses $0

Program Expenses $4,340,166

Other Expenses $1,698,182

TOTAL EXPENSES $4,825,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,727,131	$4,475,505	+0.1%
Expenses	$4,825,116	$4,351,556	+0.1%
Net Income	$-97,985	$123,949	-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

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

$401,214

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAROME MYRICK	BOARD CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SULINA MOHANTY	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
EASTON DICKSON	TREASURER	1.00	Officer Director	$0	$0	$0
ROSE ALBERT	SECRETARY	1.00	Officer Director	$0	$0	$0
JUAN CARTER	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDETTE BANNERMAN	DIRECTOR	1.00	Director	$0	$0	$0
TERESA JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON MASSAROCO	DIRECTOR	1.00	Director	$0	$0	$0
TAHON ROSS	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GRIFFITH	DIRECTOR	1.00	Director	$0	$0	$0
MISTY DELGADO	DIRECTOR	1.00	Director	$0	$0	$0
DREW ALLSOPP	CHIEF OF FINANCE & OPERATI	40.00	Officer	$126,808	$0	$126,808
JESSICA WATERS	EXECUTIVE DIRECTOR	40.00	Officer	$146,699	$0	$146,699
MICHAEL TEMPLETON	PRINCIPAL	40.00	Officer	$127,707	$0	$127,707

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	$4,727,131	$4,825,116	$4,807,842	$-97,985
2023	$4,475,505	$4,351,556	$5,273,029	$123,949
2022	$3,891,523	$3,909,605	$2,692,851	$-18,082
2021	$3,973,998	$3,285,111	$2,767,514	$688,887
2020	$3,214,298	$3,376,308	$2,673,946	$-162,010
2019	$3,101,408	$2,983,097	$1,390,729	$118,311
2018	$2,648,682	$2,703,986	$1,231,052	$-55,304

SHEILA C SKIP NOWELL LEADERSHIP ACADEMY