IDEALS FOUNDATION INC

EIN: 581952253 501(c)(3) Education

LAWRENCEVILLE, GA

Total Revenue
$256,117
Total Expenses
$184,148
Total Assets
$198,445
Net Assets
$196,232
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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

Principal Officer
JACK W WILLIAMS
Phone
6786823306
Tax Period
2024-01-01 to 2024-12-31

IDEALS FOUNDATION INC is a small nonprofit in the Education sector that reported $256K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 28% operating margin.

Mission

ORGANIZATION MIISION IS TO TRAIN HIGH SCHOOL STUDENTS IN LIFE SKILLS AND LEADERSHIP

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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 $256,105
Program Service Revenue $0
Investment Income $12
Other Revenue $0
TOTAL REVENUE $256,117

Expense Breakdown

Grants Paid $0
Salaries & Benefits $123,797
Fundraising Expenses $0
Program Expenses $31,114
Other Expenses $60,351
TOTAL EXPENSES $184,148

Year-over-Year Comparison

2024 2023 Change
Revenue $256,117 $168,591 +0.5%
Expenses $184,148 $172,695 +0.1%
Net Income $71,969 $-4,104 -18.5%
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
7
Independent Members
5
Employees
1
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
2
$115,000
Total Directors
7
$115,000
Key Employees
1
$115,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK WILLIAMS CEO/BD MEMBER 50
Officer Director Key Emp Highest
$115,000 $0 $115,000
MARK YATES BC CHAIRMAN 1
Director
$0 $0 $0
JIMMY STOKES BD MEMBER 0
Director
$0 $0 $0
JIMMY FLEMING BD MEMBER 0
Director
$0 $0 $0
NATE BROWN BD MEMBER 0
Director
$0 $0 $0
LISA WILLIAMS SEC/TREAS 1
Officer Director
$0 $0 $0
KERENA WING BD MEMBER 0
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 $256,117 $184,148 $198,445 $71,969
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