Inspire Me Learning Academy (EIN 473577758) - 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

2018

Legal Domicile

Principal Officer

Frederick Edmonds

Phone

9377236017

Tax Period

2023-01-01 to 2023-12-31

Inspire Me Learning Academy, founded in 2018, is a small nonprofit in the Human Services sector that reported $885K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $976K exceeded revenue, resulting in a 10% operating deficit.

Mission

Inspire Me Learning Academy provides childcare services to low income families for children 6 weeks to 12 years old. Services include preschool, before and aftercare, tutoring, and summer enrichment.

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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 $117,156

Program Service Revenue $766,705

Investment Income $0

Other Revenue $1,104

TOTAL REVENUE $884,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $700,054

Fundraising Expenses $0

Program Expenses $768,035

Other Expenses $276,251

TOTAL EXPENSES $976,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$884,965	$966,642	-0.1%
Expenses	$976,305	$888,230	+0.1%
Net Income	$-91,340	$78,412	-2.2%

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

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

$233,903

Total Directors

$4,291

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heather L Henning	Chief Executive Director of Operations	060.00	Officer	$135,577	$0	$135,577
Stephanie Wise-Cunningham	Chief Executive Compliance Officer	060.00	Officer	$94,035	$0	$94,035
Damian McClure	Secretary	001.00	Officer Director	$4,291	$0	$4,291
Federik Edmonds	President	001.00	Officer Director	$0	$0	$0
Elaine Scott	Treasurer	001.00	Officer Director	$0	$0	$0
Shalanna Bell	Director	001.00	Director	$0	$0	$0
Denise Chattams	Director	001.00	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
2023	$884,965	$976,305	$186,269	$-91,340
2022	No data	No data	No data	No data
2021	$748,608	$688,382	$137,638	$60,226
2020	$426,147	$415,480	$73,423	$10,667

Inspire Me Learning Academy