LEE INITIATIVE INC (EIN 823884798) - 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

EDWARD LEE

Phone

9548736447

Tax Period

2024-01-01 to 2024-12-31

LEE INITIATIVE INC, founded in 2017, is a community nonprofit in the Employment sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 29% operating deficit.

Mission

ADMINISTER PROGRAMS THAT PROVIDE CONTINUING EDUCATION, JOB TRAINING, MENTORSHIP, LEADERSHIP OPPORTUNITIES AND RESOURCES TO INDEPENDENT RESTAURANT OPERATORS AND EMPLOYEES. PROVIDE DIRECT RELIEF AND RESOURCES TO OUR COMMUNITY.

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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 $2,337,862

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,337,862

Expense Breakdown

Grants Paid $2,349,184

Salaries & Benefits $313,177

Fundraising Expenses $189,881

Program Expenses $2,638,952

Other Expenses $346,790

TOTAL EXPENSES $3,009,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,337,862	$1,414,928	+0.7%
Expenses	$3,009,151	$2,238,700	+0.3%
Net Income	$-671,289	$-823,772	-0.2%

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

$75,768

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSEY OFACEK	MANAGING DIR	55.00	Officer	$47,874	$8,663	$56,537
EDWARD LEE	CREATIVE DIR	10.00	Officer	$19,231	$0	$19,231
BEN JOHNSON	PRRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN KEITH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SHAUNTRICE MARTIN	SECRATARY	1.00	Officer Director	$0	$0	$0
BEN ROBINSON	TREASURER	1.00	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
2024	$2,337,862	$3,009,151	$261,495	$-671,289
2023	$1,414,928	$1,999,249	$1,184,938	$-584,321
2022	$2,705,892	$2,746,667	$1,531,565	$-40,775
2021	$4,039,877	$3,201,711	$1,682,366	$838,166
2021	$4,039,877	$3,201,711	$1,682,366	$838,166
2020	$6,114,008	$5,380,112	$1,578,527	$733,896

LEE INITIATIVE INC