SUCCESS ACADEMY

EIN: 471245811 501(c)(3) Education

BLOOMINGTON, MN

Total Revenue
$6,422,796
Total Expenses
$6,439,541
Total Assets
$6,020,434
Net Assets
$325,280
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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
2015
Legal Domicile
MN
Principal Officer
AHMED HUDLE
Phone
6128763050
Tax Period
2024-07-01 to 2025-06-30

SUCCESS ACADEMY, founded in 2015, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2024.

Mission

THE MISSION OF SUCCESS ACADEMY IS TO PREPARE STUDENTS TO BECOME EXCELLENT QUESTIONERS, SCIENTIFIC THINKERS, AND RESPONSIBLE CITIZENS.

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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 $6,422,796
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,422,796

Expense Breakdown

Grants Paid $46,883
Salaries & Benefits $3,742,658
Fundraising Expenses $0
Program Expenses $5,564,277
Other Expenses $2,650,000
TOTAL EXPENSES $6,439,541

Year-over-Year Comparison

2024 2023 Change
Revenue $6,422,796 $6,115,994 +0.1%
Expenses $6,439,541 $5,849,725 +0.1%
Net Income $-16,745 $266,269 -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
4
Employees
84
Volunteers
8

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
2
$146,657
Total Directors
5
$67,426
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA ADEN MEMBER/ELL LEAD TEACHER 41.00
Director
$57,289 $10,137 $67,426
YUSUF ALI CHAIR 3.00
Officer Director
$0 $0 $0
ABDIRAHMAN HASSAN MEMBER 1.00
Director
$0 $0 $0
HAFSA MAHDI MEMBER 1.00
Director
$0 $0 $0
MUSTAF SHARIFF MEMBER 1.00
Director
$0 $0 $0
AHMED HUDLE DIRECTOR OF OPERATIONS 40.00
Officer
$120,481 $26,176 $146,657
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 $6,422,796 $6,439,541 $6,020,434 $-16,745
2024 $6,115,994 $5,849,725 $6,133,713 $266,269
2023 $5,553,190 $5,620,170 $6,394,830 $-66,980
2022 $4,803,823 $4,997,776 $3,286,502 $-193,953
2021 $2,805,772 $2,121,330 $2,434,696 $684,442
2020 $2,047,177 $1,904,837 $1,777,916 $142,340
2019 $1,522,026 $1,334,513 $1,726,164 $187,513
2018 $1,600,621 $1,672,922 $1,575,882 $-72,301
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