FUTURE LEADERS OF EXCELLENCE ACADEMY (EIN 822244763) - 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

Legal Domicile

Principal Officer

LESLIE BUGGS

Phone

6152398261

Tax Period

2024-01-01 to 2024-12-31

FUTURE LEADERS OF EXCELLENCE ACADEMY, founded in 2017, is a small nonprofit in the Education sector that reported $700K in total revenue in fiscal year 2024.

Mission

TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION TO ALL CHILDREN AT THE LEVEL OF DEVELOPMENT THEY ARE IN. OUR PURPOSE IS TO PROVIDE INCLUSIVE CHILDCARE FOR CHILDREN THAT ARE OF TYPICAL AND ATYPICAL DEVELOPMENT. WE WANT TO PREPARE CHILDREN FOR KINDERGARTEN. TO MAXIMIZE THESE EFFORTS WE SEEK COLLABORATION WITH OTHER NON-PROFIT ORGANIZATIONS.

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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 $382,693

Program Service Revenue $317,224

Investment Income $0

Other Revenue $0

TOTAL REVENUE $699,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $483,157

Fundraising Expenses $0

Program Expenses $717,070

Other Expenses $273,965

TOTAL EXPENSES $757,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$699,917	$680,339	+0.0%
Expenses	$757,122	$580,818	+0.3%
Net Income	$-57,205	$99,521	-1.6%

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

N/A

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
CHRISTIANE BUGGS	TREASURER	N/A	Officer	$0	$0	$0
RYAN CLARK	BOARD MEMBER	N/A	Officer	$0	$0	$0
SHERRY MAXWELL	BOARD MEMBER	N/A	Officer	$0	$0	$0
TIBITHA NEAL	VICE PRESIDE	N/A	Officer	$0	$0	$0
KELECHI OHANAJA	BOARD MEMBER	N/A	Officer	$0	$0	$0
BRANDI OSBORNE	SECRETARY	N/A	Officer	$0	$0	$0
CHUQUITTA SWEAT	PRESIDENT	N/A	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	$699,917	$757,122	$354,172	$-57,205
2023	$680,339	$580,818	$415,308	$99,521
2022	$837,247	$531,373	$310,019	$305,874
2021	$506,218	$459,567	$10,270	$46,651
2020	$397,355	$419,945	$20,424	$-22,590
2019	$399,494	$368,604	$17,812	$30,890
2018	$201,538	$266,951	$16,751	$-65,413

FUTURE LEADERS OF EXCELLENCE ACADEMY