LEADERS & SCHOLARS INC (EIN 465341370) - 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

2014

Legal Domicile

Principal Officer

KAREN CLARK

Phone

9167441200

Tax Period

2023-07-01 to 2024-06-30

LEADERS & SCHOLARS INC, founded in 2014, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.7M exceeded revenue, resulting in a 34% operating deficit.

Mission

THE PURPOSE OF THIS CORPORATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF RIVER CHARTER SCHOOLS (FORMERLY KNOWN AS FRIENDS OF CLARKSBURG SCHOOLS).

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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 $0

Program Service Revenue $1,203,329

Investment Income $90,608

Other Revenue $16,316

TOTAL REVENUE $1,310,253

Expense Breakdown

Grants Paid $375,579

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,572,383

Other Expenses $1,373,673

TOTAL EXPENSES $1,749,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,310,253	$1,253,179	+0.0%
Expenses	$1,749,252	$1,381,933	+0.3%
Net Income	$-438,999	$-128,754	+2.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN CLARK	PRESIDENT/DIRECTOR	0.50	Officer Director	$0	$0	$0
SANDY ADAMS HR	SECRETARY/CFO/DIRECTOR	0.50	Officer Director	$0	$0	$0
RINA DIMARE	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$1,310,253	$1,749,252	$15,149,318	$-438,999
2023	$1,253,179	$1,381,933	$15,669,846	$-128,754
2022	$1,218,217	$1,395,895	$16,078,503	$-177,678
2021	$1,315,333	$1,349,135	$16,348,700	$-33,802
2020	$1,131,028	$1,200,208	$16,982,435	$-69,180
2019	$891,348	$1,095,457	$16,601,177	$-204,109
2018	$135,073	$88,130	$18,034,749	$46,943

LEADERS & SCHOLARS INC