Launching Educational Assistance Programs Forward Inc

EIN: 522169397 501(c)(3) Education

Prince Frederick, MD

Total Revenue
$132,843
Total Expenses
$137,378
Total Assets
$179,211
Net Assets
$179,211
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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
1999
Legal Domicile
MD
Phone
4105351803
Tax Period
2024-01-01 to 2024-12-31

Launching Educational Assistance Programs Forward Inc, founded in 1999, is a small nonprofit in the Education sector that reported $133K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

To serve youth from disadvantaged ethnic backgrounds by providing them with social and cultural enrichment that include seminars that foster self-esteem and academic excellence, college tours and educational support and exposure to science, technology, engineering, and math careers.

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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 $125,137
Program Service Revenue $5,063
Investment Income $2,643
Other Revenue $0
TOTAL REVENUE $132,843

Expense Breakdown

Grants Paid $59,167
Salaries & Benefits $0
Fundraising Expenses $4,166
Program Expenses $128,213
Other Expenses $78,211
TOTAL EXPENSES $137,378

Year-over-Year Comparison

2024 2023 Change
Revenue $132,843 $108,127 +0.2%
Expenses $137,378 $105,762 +0.3%
Net Income $-4,535 $2,365 -2.9%
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
14
Independent Members
13
Employees
N/A
Volunteers
21

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rhonda Thomas President 35.00
Officer Director
$0 $0 $0
Trayonna Hutchins Trustee 5.00
Director
$0 $0 $0
Wilson Ennis Trustee 2.00
Director
$0 $0 $0
Conrad White Trustee 2.00
Director
$0 $0 $0
Riddicia Mackall Trustee 2.00
Director
$0 $0 $0
Darlene Harrod Trustee 2.00
Director
$0 $0 $0
Triana Carter Trustee 2.00
Director
$0 $0 $0
Jessica Brooks Trustee 2.00
Director
$0 $0 $0
Joseph Berry III Trustee 2.00
Director
$0 $0 $0
Peggy Leeper Trustee 0.00
Director
$0 $0 $0
Kimberly Thomas Trustee 2.00
Director
$0 $0 $0
Sherri Barber Secretary 5.00
Officer Director
$0 $0 $0
Kailyn Hutchins Vice President 2.00
Officer Director
$0 $0 $0
Terrence Thurmon Treasurer 2.00
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
2024 $132,843 $137,378 $179,211 $-4,535
2023 $108,127 $105,762 $184,746 $2,365
2022 $116,676 $109,269 $181,954 $7,407
2021 $113,389 $94,965 $174,413 $18,424
2020 $115,144 $72,813 $156,081 $42,331
2019 $112,035 $94,117 $113,658 $17,918
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