Empower Me Academy (EIN 465133241) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

Jerome Gumbs

Phone

6152195192

Tax Period

2023-01-01 to 2023-12-31

Empower Me Academy, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $886K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 56% operating deficit.

Mission

EMPOWER ME ACADEMY PROVIDES A HOLISTIC TRAINING EXPERIENCE FOR STUDENT ATHLETES TO DEVELOP BETTER ATTITUDES, COMMITMENT, AND DISCIPLINE. AS PART OF THE PROGRAM, STUDENT-ATHLETES WILL BECOME WELL-ROUNDED LEADERS AND ADULTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $468,430

Program Service Revenue $441,913

Investment Income $5,956

Other Revenue $-30,734

TOTAL REVENUE $885,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $744,894

Fundraising Expenses $0

Program Expenses $809,950

Other Expenses $637,942

TOTAL EXPENSES $1,382,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$885,565	$1,681,967	-0.5%
Expenses	$1,382,836	$1,264,825	+0.1%
Net Income	$-497,271	$417,142	-2.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$354,227

Total Directors

$210,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anand Swaminathan	Vice Chair	1.00	Director	$0	$0	$0
Nisba Husain	Board Member	1.00	Officer Director	$0	$0	$0
David Glickman	Board Chair	1.00	Officer Director	$0	$0	$0
George Gund V	Board Member	1.00	Director	$0	$0	$0
Jerome Gumbs	Board Member	40.00	Officer Director Highest	$210,004	$0	$210,004
Keaton Carano	Board Member	1.00	Director	$0	$0	$0
Michael Leraris	Board Chair	1.00	Director	$0	$0	$0
Victor Wang	Board member	1.00	Director	$0	$0	$0
Pamela Burke	Board Member	1.00	Officer Director	$0	$0	$0
Paul Burke	Board Member	1.00	Director	$0	$0	$0
Annette Margolis	Officer	40.00	Officer	$144,223	$0	$144,223

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
2023	$885,565	$1,382,836	$356,487	$-497,271
2022	$1,681,967	$1,264,825	$838,296	$417,142
2021	$897,226	$847,427	$420,785	$49,799
2020	$483,260	$379,530	$384,250	$103,730

Empower Me Academy