Lincoln Leadership Academy Charter… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

Meloney Sallie-Dosunmu

Phone

4848603300

Tax Period

2023-07-01 to 2024-06-30

Lincoln Leadership Academy Charter School, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $18.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $15.7M left a modest 14% surplus.

Mission

Education - Grades 6 through 12 Lincoln Leadership Academy Charter School (LLACS) is committed to providing a holistic learning community dedicated to the academic, emotional, social and spiritual success of each student.

Program Service Accomplishments

Program 1

Expenses: $10,640,793 Revenue: $18,157,909

Rigourous learning focused on academic, emotional, social and spiritual success of each student.

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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 $0

Program Service Revenue $17,975,167

Investment Income $182,742

Other Revenue $0

TOTAL REVENUE $18,157,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,098,772

Fundraising Expenses $0

Program Expenses $10,640,793

Other Expenses $4,582,803

TOTAL EXPENSES $15,681,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,157,909	$16,670,505	+0.1%
Expenses	$15,681,575	$13,031,472	+0.2%
Net Income	$2,476,334	$3,639,033	-0.3%

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

166

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

Total Directors

Key Employees

$388,133

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Melonie Sallie-Dosunmu	Board President	1.00	Director	$0	$0	$0
Jimmy Torres	Secretary / Treasurer	1.00	Director	$0	$0	$0
Ngozi Bell	Trustee	1.00	Director	$0	$0	$0
Dr Barry Spriggs	Trustee	1.00	Director	$0	$0	$0
Fred Rooney	TRustee	1.00	Director	$0	$0	$0
Sandra Figueroa-Torres	CEO / Principal	40.00	Key Emp Highest	$190,694	$0	$190,694
SisObed Torres	Director	40.00	Key Emp Highest	$103,792	$0	$103,792
Michael Evans	Director	40.00	Key Emp Highest	$93,647	$0	$93,647

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	$18,157,909	$15,681,575	$22,842,374	$2,476,334
2023	$16,670,505	$13,031,472	$20,012,065	$3,639,033
2022	$14,664,375	$9,858,213	$18,393,466	$4,806,162
2021	$13,128,292	$9,087,907	$13,726,668	$4,040,385
2020	$11,969,340	$9,971,415	$10,727,138	$1,997,925
2019	$11,108,166	$8,666,579	$9,652,107	$2,441,587
2018	$10,656,719	$8,416,439	$8,031,353	$2,240,280

Lincoln Leadership Academy Charter School