INSPIRING MINDS (EIN 822994465) - 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

ALYSIA BUDD

Phone

7012047100

Tax Period

2024-01-01 to 2024-12-31

INSPIRING MINDS, founded in 2017, is a small nonprofit in the Education sector that reported $380K in total revenue in fiscal year 2024.

Mission

TO PROVIDE EFFECTIVE, QUALITY SERVICES AND EDUCATION TO SUPPORT INDIVIDUAL LEARNING NEEDS OF ALL CHILDREN AND ADULTS WITH DYSLEXIA TO ASSIST THEM IN ACHIEVING THEIR FULL POTENTIAL.

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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 $31,286

Program Service Revenue $348,805

Investment Income $6

Other Revenue $0

TOTAL REVENUE $380,097

Expense Breakdown

Grants Paid $555

Salaries & Benefits $294,623

Fundraising Expenses $0

Program Expenses $318,690

Other Expenses $86,003

TOTAL EXPENSES $381,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,097	$399,528	0.0%
Expenses	$381,181	$391,370	0.0%
Net Income	$-1,084	$8,158	-1.1%

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

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

$74,778

Total Directors

$74,778

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALYSIA BUDD	PRESIDENT	40.00	Officer Director	$72,600	$2,178	$74,778
DR MELISSA SEIBEL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LAWRENCE LANGEMO	TREASURER	1.00	Officer Director	$0	$0	$0
RACHELLE KANE	SECRETARY	1.00	Officer Director	$0	$0	$0
HEATHER HORNER	DIRECTOR	1.00	Director	$0	$0	$0
DINA CASHMAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC BUDD	DIRECTOR	1.00	Director	$0	$0	$0
KATIE VEIDEL	DIRECTOR	1.00	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
2024	$380,097	$381,181	$24,789	$-1,084
2023	$399,528	$391,370	$30,705	$8,158
2022	$343,863	$363,507	$24,907	$-19,644
2021	$361,681	$347,603	$38,723	$14,078
2020	$292,578	$271,187	$23,926	$21,391
2019	$237,277	$242,962	$2,229	$-5,685

INSPIRING MINDS