LEAP Innovations (EIN 464784152) - 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

2013

Legal Domicile

Principal Officer

Scott Frauenheim

Phone

3128097029

Tax Period

2024-07-01 to 2025-06-30

LEAP INNOVATIONS, founded in 2013, is a community nonprofit in the Human Services sector that reported $8.3M in total revenue in fiscal year 2017. Revenue surged 124% from the prior year, signaling strong growth momentum. Expenses of $7.7M left a modest 7% surplus.

Mission

To create equitable, personalized learning experiences for learners to reach their full potential.

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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 (2024)

Revenue Breakdown

Contributions & Grants $827,240

Program Service Revenue $820,517

Investment Income $-2,837

Other Revenue $0

TOTAL REVENUE $1,644,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,143,582

Fundraising Expenses $264,563

Program Expenses $1,357,197

Other Expenses $1,166,790

TOTAL EXPENSES $2,310,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,644,920	$479,774	+2.4%
Expenses	$2,310,372	$1,511,855	+0.5%
Net Income	$-665,452	$-1,032,081	-0.4%

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

$327,027

Total Directors

$284,027

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ann Chavez	President	40.00	Officer Director	$154,996	$7,031	$162,027
Scott Frauenheim	Chief Executive Officer	16.00	Officer Director	$110,000	$0	$110,000
Joseph Wise	Chair	0.50	Officer Director	$0	$0	$0
Timothy R Schwertfeger	Director	0.50	Director	$0	$0	$0
Harriet Sietler	Director	0.50	Director	$0	$0	$0
Helayne Jones	Director (Until 1/2025)	0.50	Director	$0	$0	$0
Sara Ray Hallman	Director (From 11/2024)	0.50	Director	$0	$0	$0
Kenneth Wong	Director	0.50	Director	$12,000	$0	$12,000
David Sundstrom	Director	0.50	Director	$0	$0	$0
Elizabeth Winke	Chief Finance Officer	40.00	Officer	$55,000	$0	$55,000
Susan Holmes	Sr Exec Dir, Modern Learning Network	40.00	Highest	$111,172	$21,750	$132,922
Silvia Kosovich	Sr Manager, Admin & Ops	40.00	Highest	$112,091	$12,735	$124,826
Kathleen E Speth	Sr Innovation Partner (Until 7/2024)	40.00	Highest	$100,476	$0	$100,476

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	$1,644,920	$2,310,372	$590,850	$-665,452
2024	No data	No data	No data	No data
2023	$1,088,512	$2,019,826	$1,067,353	$-931,314
2022	$3,776,988	$3,670,508	$1,845,737	$106,480
2021	$3,731,173	$5,233,753	$3,799,692	$-1,502,580
2020	$5,986,565	$9,090,114	$4,423,104	$-3,103,549
2019	$10,814,154	$10,237,690	$7,078,438	$576,464
2018	$8,288,890	$7,748,766	$6,467,869	$540,124

LEAP Innovations