GLOBAL LEADERSHIP ACADEMY INC

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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

2008

Legal Domicile

Principal Officer

JOSEPH CHISHOLM

Phone

9045517104

Tax Period

2024-07-01 to 2025-06-30

GLOBAL LEADERSHIP ACADEMY INC, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $32.3M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC AND CONSIST OF THE FOLLOWING: (A) THIS CORPORATION IS FORMED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW. (B) TO AID, SUPPORT, AND ASSIST BY GIFTS, CONTRIBUTIONS, OR OTHERWISE, OTHER CORPORATIONS, COMMUNITY CHESTS, FUNDS AND FOUNDATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, NO PART OF THE NET EARNINGS OF WHICH INURES TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL AND NO SUBSTANTIAL PART OF THE ACTIVITIES OF WHICH IS CARRYING ON PROPAGANDA, OR OTHERWISE ATTEMPTING TO INFLUENCE LEGISLATION. THE SCHOOL RECEIVED A CHARTER FROM THE DUVAL COUNTY PUBLIC SCHOOLS TO OPERATE A PUBLIC CHARTER SCHOOL. IN 2019, THE SCHOOL'S CHARTER CONTRACT WAS RENEWED FOR AN ADDITIONAL FIVE-YEAR TER

Program Service Accomplishments

Program 1

Expenses: $25,787,688 Revenue: $31,932,293

GLOBAL LEADERSHIP ACADEMY (GLA) PROVIDES A HIGH QUALITY, STANDARDS- BASED EDUCATION TO ALL STUDENTS FROM KINDERGARTEN TO 12TH GRADE, WHICH INCLUDES FOREIGN LANGUAGE INSTRUCTION. GLA IS A TUITION FREE PUBLIC CHARTER SCHOOL. GLA RECEIVED APPROXIMATELY 9.33 MILLION IN FEDERAL AND STATE GRANTS DURING THE FISCAL YEAR. THE FEDERAL FUNDS WERE USED TO PAY FOR VARIOUS EDUCATIONAL PURPOSES. ALSO, GLA PROVIDED HOT LUNCHES AND BREAKFAST TO ITS STUDENTS, WHICH WAS SUPPORTED BY FEDERAL GRANT FUNDS. THE SCHOOL RECEIVED CAPITAL OUTLAY FUNDS FROM THE STATE OF FLORIDA, WHICH WAS USED TO PAY OCCUPANCY COSTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $31,628,863

Program Service Revenue $303,429

Investment Income $415,927

Other Revenue $0

TOTAL REVENUE $32,348,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,581,570

Fundraising Expenses $0

Program Expenses $25,787,688

Other Expenses $16,096,999

TOTAL EXPENSES $32,678,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,348,219	$26,392,420	+0.2%
Expenses	$32,678,569	$26,734,551	+0.2%
Net Income	$-330,350	$-342,131	0.0%

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

203

Volunteers

250

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GALEANI	PRINCIPAL	40.00	Highest	$138,429	$4,912	$143,341
LIANNA KNIGHT	PRINCIPAL -	40.00	Highest	$137,500	$1,866	$139,366
YAROSLAV BRYCHKA	DIRECTOR	5.00	Director	$0	$0	$0
VICTORIA BUDNIK	DIRECTOR	5.00	Director	$0	$0	$0
JOSEPH CHISHOLM	CEO	40.00	Director	$0	$0	$0
CHERYL HEARN	SECRETARY	10.00	Officer Director	$0	$0	$0
LYUDMYLA KOLYESNIK	DIRECTOR	5.00	Director	$0	$0	$0
VENIAMIN KUSHNAR	TREASURER	10.00	Officer Director	$0	$0	$0
VICTOR SENDETSKY	DIRECTOR	5.00	Director	$0	$0	$0
LARRY WILLIAMS	CHAIR	15.00	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
2025	$32,348,219	$32,678,569	$75,917,488	$-330,350
2024	No data	No data	No data	No data
2023	$21,479,273	$21,819,743	$53,236,935	$-340,470
2022	$16,215,591	$15,320,943	$28,025,971	$894,648
2021	$15,029,713	$14,883,023	$27,054,831	$146,690
2020	$8,861,082	$9,210,337	$4,772,437	$-349,255
2019	$7,556,947	$7,209,867	$1,815,174	$347,080