MINDS OF THE FUTURE FOUNDATION INC (EIN 815308200) - 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

2017

Tax Period

2024-01-01 to 2024-12-31

MINDS OF THE FUTURE FOUNDATION INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $391K, a strong 35% operating margin.

Mission

At Minds of the Future Academy, our primary concern is to provide quality child care services to families with young children. We are proud of the contribution that each member of our staff makes in providing a safe and happy environment where young children are able to grow in mind, body, and spirit.

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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 $1,121,757

Program Service Revenue $0

Investment Income $63

Other Revenue $0

TOTAL REVENUE $1,121,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,160

Fundraising Expenses $0

Program Expenses $714,999

Other Expenses $543,118

TOTAL EXPENSES $731,278

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,121,820	$502,807	+1.2%
Expenses	$731,278	$250,886	+1.9%
Net Income	$390,542	$251,921	+0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cynthia Smith	President	40	Officer	$0	$0	$0
Keyana Smith	Director	20	Officer	$0	$0	$0
Tiaria Howard	Vice President	20	Officer	$0	$0	$0
Seneshia Stewart	Secretary	10	Officer	$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	$1,121,820	$731,278	$529,800	$390,542
2022	$832,092	$500,866	$410,880	$331,226
2020	$375,810	$425,941	$3,103	$-50,131

MINDS OF THE FUTURE FOUNDATION INC