LEAP for Education Inc

EIN: 471445061 501(c)(3) Education

Salem, MA

Total Revenue
$2,495,189
Total Expenses
$2,748,170
Total Assets
$1,638,805
Net Assets
$1,255,510
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MA
Phone
9787406667
Tax Period
2024-07-01 to 2025-06-30

LEAP for Education Inc, founded in 2014, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $2.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

To provide academic, post secondary and career services to underserved students in grades 6-16.

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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 $2,300,574
Program Service Revenue $0
Investment Income $52,532
Other Revenue $142,083
TOTAL REVENUE $2,495,189

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,322,073
Fundraising Expenses $246,004
Program Expenses $2,205,792
Other Expenses $426,097
TOTAL EXPENSES $2,748,170

Year-over-Year Comparison

2024 2023 Change
Revenue $2,495,189 $2,813,804 -0.1%
Expenses $2,748,170 $2,797,132 0.0%
Net Income $-252,981 $16,672 -16.2%
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
8
Independent Members
7
Employees
188
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
3
$0
Total Directors
8
$143,658
Key Employees
1
$143,658
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Linda Saris Executive Director 40.00
Director Key Emp
$135,240 $8,418 $143,658
Connie Rudnick Grayson Board Chair 1.00
Officer Director
$0 $0 $0
Valerie Fox Director 1.00
Director
$0 $0 $0
Dr Raminder Luther Director 1.00
Director
$0 $0 $0
Daniel Richard Director 1.00
Director
$0 $0 $0
Brian Castellanos Director 1.00
Director
$0 $0 $0
Jody Goldman Treasurer and Vice Chair 1.00
Officer Director
$0 $0 $0
Lydia Smyers Clerk 1.00
Officer 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 $2,495,189 $2,748,170 $1,638,805 $-252,981
2024 $2,813,804 $2,797,132 $2,021,281 $16,672
2023 $2,587,311 $2,336,041 $2,074,713 $251,270
2022 $1,946,703 $1,831,907 $1,573,811 $114,796
2021 $1,696,162 $1,464,522 $1,539,260 $231,640
2020 $1,572,860 $1,150,510 $1,177,585 $422,350
2019 $1,157,723 $1,039,353 $611,499 $118,370
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