ILEAD EXPERIENCE INC

EIN: 824338417 501(c)(3) Youth Development

BROOKLYN, NY

Total Revenue
$694,667
Total Expenses
$817,408
Total Assets
$319,958
Net Assets
$-834,460
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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
2018
Legal Domicile
NY
Principal Officer
RICHARD CHALME
Phone
7182529840
Tax Period
2023-01-01 to 2023-12-31

ILEAD EXPERIENCE INC, founded in 2018, is a small nonprofit in the Youth Development sector that reported $695K in total revenue in fiscal year 2023. Expenses of $817K exceeded revenue, resulting in a 18% operating deficit.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $29,489
Program Service Revenue $690,888
Investment Income $-25,710
Other Revenue $0
TOTAL REVENUE $694,667

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,633
Fundraising Expenses $0
Program Expenses $702,778
Other Expenses $802,775
TOTAL EXPENSES $817,408

Year-over-Year Comparison

2023 2022 Change
Revenue $694,667 $679,552 +0.0%
Expenses $817,408 $995,479 -0.2%
Net Income $-122,741 $-315,927 -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

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Governance

Voting Members
2
Independent Members
2
Employees
1
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD CHALME PRESIDENT 1.00
Officer Director
$0 $0 $0
SHILO PLESSER 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 No data No data No data No data
2023 $694,667 $817,408 $319,958 $-122,741
2022 $679,552 $995,479 $304,538 $-315,927
2021 $329,135 $504,103 $110,034 $-174,968
2020 $72,439 $119,839 $44,612 $-47,400
2019 $428,082 $536,585 $34,763 $-108,503
2018 $485,691 $564,686 $65,466 $-78,995
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