IMAGINE LEADERSHIP ACADEMY

EIN: 462712702 501(c)(3) Education

AKRON, OH

Total Revenue
$2,703,323
Total Expenses
$2,729,753
Total Assets
$4,178,065
Net Assets
$-1,531,859
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
OH
Principal Officer
KENDALL RILEY
Phone
3337531000
Tax Period
2024-07-01 to 2025-06-30

IMAGINE LEADERSHIP ACADEMY, founded in 2013, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024.

Mission

IMAGINE LEADERSHIP ACADEMY PARTNERS WITH PARENTS AND GUARDIANS IN THE EDUCATION OF THEIR CHILDREN BY PROVIDING HIGH QULITY SHCOOLS THAT PREPARE STUDENTS FOR LIVES OF LEADERSHIP, ACCOMPLISHMENT, AND EXEMPLARY CHARACTER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,703,323
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,703,323

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,025
Fundraising Expenses $0
Program Expenses $2,729,753
Other Expenses $2,615,728
TOTAL EXPENSES $2,729,753

Year-over-Year Comparison

2024 2023 Change
Revenue $2,703,323 $2,825,362 0.0%
Expenses $2,729,753 $2,459,515 +0.1%
Net Income $-26,430 $365,847 -1.1%
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
5
Independent Members
5
Employees
N/A
Volunteers
76

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
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASMINE ALLEN BOARD MEMBER 2.00
Director
$0 $0 $0
GLENDA COLEMAN BOARD MEMBER 2.00
Director
$0 $0 $0
LADONNA PAUL BOARD MEMBER 2.00
Director
$0 $0 $0
KENDALL RILEY PRESIDENT 2.00
Director
$0 $0 $0
ERIN SCHERMESSER BOARD MEMBER 2.00
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
2025 $2,703,323 $2,729,753 $4,178,065 $-26,430
2024 $2,825,362 $2,459,515 $4,957,607 $365,847
2023 $3,214,040 $2,735,387 $5,465,315 $478,653
2022 $2,212,349 $2,105,707 $6,212,435 $106,642
2021 $1,524,802 $1,908,833 $576,850 $-384,031
2020 $1,653,666 $1,821,688 $382,508 $-168,022
2019 $1,749,665 $1,881,697 $555,559 $-132,032
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