MASTER MINDS ACADEMY INCORPORATED

EIN: 475403089 501(c)(3) Education

NORTH LAUDERDALE, FL

Total Revenue
$903,535
Total Expenses
$836,077
Total Assets
$3,002,213
Net Assets
$1,906,537
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
FL
Principal Officer
TRACY Y KURTZ-MCFADDEN
Phone
9545629422
Tax Period
2024-01-01 to 2024-12-31

MASTER MINDS ACADEMY INCORPORATED, founded in 2015, is a small nonprofit in the Education sector that reported $904K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $836K left a modest 7% surplus.

Mission

OUR MISSION IS TO GLORIFY GOD THROUGH THE TEACHING AND NURTURING OF STUDENTS IN THEIR SPIRITUAL, ACADEMIC, PHYSICAL, EMOTIONAL AND SOCIAL DEVELOPMENT.

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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 $0
Program Service Revenue $891,772
Investment Income $11,763
Other Revenue $0
TOTAL REVENUE $903,535

Expense Breakdown

Grants Paid $0
Salaries & Benefits $293,306
Fundraising Expenses $750
Program Expenses $779,241
Other Expenses $542,771
TOTAL EXPENSES $836,077

Year-over-Year Comparison

2024 2023 Change
Revenue $903,535 $824,926 +0.1%
Expenses $836,077 $334,151 +1.5%
Net Income $67,458 $490,775 -0.9%
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
N/A
Independent Members
N/A
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
1
$159,250
Total Directors
5
$159,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACY KURTZ-MCFADDEN PRESIDENT 20.00
Officer Director
$159,250 $0 $159,250
STEVEN MCFADDEN DIRECTOR 0.00
Director
$0 $0 $0
EMMA KURTZ DIRECTOR 0.00
Director
$0 $0 $0
JESSICA ACCIUS SECRETARY 0.00
Director
$0 $0 $0
VIVIANNE JENKINS DIRECTOR 0.00
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
2024 $903,535 $836,077 $3,002,213 $67,458
2023 $824,926 $334,151 $2,998,738 $490,775
2022 $613,705 $484,909 $2,529,599 $128,796
2021 $1,009,603 $646,504 $2,410,825 $363,099
2020 $857,769 $589,302 $2,154,102 $268,467
2019 $620,499 $436,730 $606,198 $183,769
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