Leadership Education Foundation dba Arrow Academy (EIN 742636905) - 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

1992

Legal Domicile

Principal Officer

Audrey Sanders

Phone

9797038820

Tax Period

2023-09-01 to 2024-08-31

Leadership Education Foundation dba Arrow Academy, founded in 1992, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $8.6M left a modest 7% surplus.

Mission

LEF operates an open enrollment charter school with an average enrollment of 650 students.

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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 $9,258,157

Program Service Revenue $33,241

Investment Income $12,649

Other Revenue $0

TOTAL REVENUE $9,304,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,498,127

Fundraising Expenses $0

Program Expenses $7,913,624

Other Expenses $3,124,128

TOTAL EXPENSES $8,622,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,304,047	$10,078,971	-0.1%
Expenses	$8,622,255	$9,445,401	-0.1%
Net Income	$681,792	$633,570	+0.1%

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

148

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

$354,853

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Shellenberger	President, Chair	1.00	Officer Director	$0	$0	$0
Carmen S Maxwell	Secretary	1.00	Officer Director	$0	$0	$0
Tony Bloom	Director	1.00	Director	$0	$0	$0
Myrna Lopez	Director	1.00	Director	$0	$0	$0
Sam Smith	Director	1.00	Director	$0	$0	$0
Audrey Sanders	Superintendent	40.00	Officer	$157,689	$10,869	$168,558
Rico Sedeno	COO	40.00	Officer	$72,357	$6,573	$78,930
James Christensen	CEO	12.00	Officer	$30,793	$0	$30,793
Curtis L Mackey	CFO	16.00	Officer	$75,422	$1,150	$76,572
Becky Tucker	Campus Director	40.00	Highest	$145,980	$14,214	$160,194

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	$9,304,047	$8,622,255	$8,173,133	$681,792
2023	$10,078,971	$9,445,401	$8,114,498	$633,570
2022	$8,664,963	$8,476,163	$4,062,801	$188,800
2021	$10,009,970	$9,073,569	$3,972,064	$936,401
2020	$9,151,373	$8,827,432	$3,391,286	$323,941
2019	$7,689,185	$7,467,225	$2,859,922	$221,960
2018	$6,584,250	$6,431,623	$2,628,083	$152,627

Leadership Education Foundation dba Arrow Academy