RISE ACADEMY

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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

Principal Officer

JEREMY BOUMAN

Phone

4029998063

Tax Period

2024-01-01 to 2024-12-31

RISE ACADEMY, founded in 2018, is a community nonprofit in the Employment sector that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 30% operating margin.

Mission

RISE ACADEMY'S MISSION IS TO BREAK GENERATIONAL CYCLES OF INCARCERATION.

Program Service Accomplishments

Program 1

Expenses: $839,564

RISE ACADEMY'S IN-PRISON PROGRAM IS A SIX MONTH ENTREPRENEURSHIP, EMPLOYMENT READINESS AND CHARACTER DEVELOPMENT TRAINING PROGRAM THAT PREPARES INCARCERATED MEN, WOMEN, AND YOUTH NOT JUST FOR...

RISE ACADEMY'S IN-PRISON PROGRAM IS A SIX MONTH ENTREPRENEURSHIP, EMPLOYMENT READINESS AND CHARACTER DEVELOPMENT TRAINING PROGRAM THAT PREPARES INCARCERATED MEN, WOMEN, AND YOUTH NOT JUST FOR SUCCESSFUL RE-ETNRY, BUT ALSO FOR "LIFE BEYOND RE-ENTRY."

Program 2

Expenses: $1,109,804

RISE ACADEMY'S RE-ENTRY PROGRAM OFFERS PROGRAM GRADUATES CASE MANAGEMENT SUPPORT UPON RELEASE. POST-RELEASE SERVICES INCLUDE RE-ENTRY PLANNING, JOB READINESS TRAINING AND SUPPORT FINDING HOUSING.

Program 3

Expenses: $922,842

RISE ACADEMY'S POLICY & ADVOCACY CREATE OPPORTUNITIES FOR SYSTEM IMPACTED PEOPLE TO HAVE THEIR CONCERNS AND IDEAS VOICED AND HEARD DURING THE LEGISLATIVE PROCESS, BRING TOGETHER PEOPLE IMPACTED BY...

RISE ACADEMY'S POLICY & ADVOCACY CREATE OPPORTUNITIES FOR SYSTEM IMPACTED PEOPLE TO HAVE THEIR CONCERNS AND IDEAS VOICED AND HEARD DURING THE LEGISLATIVE PROCESS, BRING TOGETHER PEOPLE IMPACTED BY THE SYSTEM, ORGANIZATIONS, AND OTHER INDIVIDUALS TO CREATE A COALITION TO WORK IN SOLIDARITY TO ADVOCATE FOR CHANGES IN THE NEBRASKA CRIMINAL JUSTICE LANDSCAPE AND THE ECONOMIC AND SOCIAL EMPOWERMENT OF PEOPLE IMPACTED BY THE SYSTEM. LOBBY SUCCESSFULLY FOR POLICY AND LEGISLATIVE CHANGES AT ALL LEVELS OF GOVERNMENT THAT IMPACT THE DAILY LIVES OF PEOPLE IMPACTED BY THE SYSTEM AND THEIR FAMILIES FOR ECONOMIC AND SOCIAL OUTCOMES THAT INCLUDE EMPLOYMENT, HOUSING, TRANSPORTATION, EDUCATION, LIVING CONDITIONS AND CIVIC PARTICIPATION, AND PROVIDE THE RESOURCES, SKILLS, TRAINING AND BUILT CAPACITY TO MAINTAIN POLICY AND ADVOCACY EFFORTS.

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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 $4,817,903

Program Service Revenue $0

Investment Income $115,800

Other Revenue $0

TOTAL REVENUE $4,933,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,479,690

Fundraising Expenses $304,913

Program Expenses $2,872,210

Other Expenses $953,021

TOTAL EXPENSES $3,432,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,933,703	$3,715,669	+0.3%
Expenses	$3,432,711	$2,911,573	+0.2%
Net Income	$1,500,992	$804,096	+0.9%

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

159

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

$216,943

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN WALKER	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
THOMAS SUDYKA	BOARD FINANCE CHAIR	10.00	Officer Director	$0	$0	$0
NAOMI HATTAWAY	MEMBER	10.00	Director	$0	$0	$0
DR MARK FOXALL	MEMBER	10.00	Director	$0	$0	$0
AVA THOMAS	MEMBER	10.00	Director	$0	$0	$0
BILL HOBBS	MEMBER	10.00	Director	$0	$0	$0
JAMIE BERGLUND	MEMBER	10.00	Director	$0	$0	$0
LUESTER WEAVER	MEMBER	10.00	Director	$0	$0	$0
RACHEL FOX	MEMBER	10.00	Director	$0	$0	$0
BEN NAVARRO	MEMBER	10.00	Director	$0	$0	$0
LEAH SMEJKAL	MEMBER	10.00	Director	$0	$0	$0
JAN CHVALA	MEMBER	10.00	Director	$0	$0	$0
STEVE LATHROP	MEMBER	10.00	Director	$0	$0	$0
NATASHA NUYTTEN	MEMBER	10.00	Director	$0	$0	$0
TONYA EGGSPUEHLER	MEMBER	10.00	Director	$0	$0	$0
DARRON ROLLE	MEMBER	10.00	Director	$0	$0	$0
MELISSA TAYLOR	MEMBER	10.00	Director	$0	$0	$0
JEREMY BOUMAN	CEO	40.00	Officer	$181,369	$35,574	$216,943

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	$4,933,703	$3,432,711	$5,800,929	$1,500,992
2023	$3,715,669	$2,911,573	$4,309,625	$804,096
2022	$2,539,212	$2,291,540	$3,394,734	$247,672
2021	$1,915,463	$1,894,913	$3,077,746	$20,550
2020	$2,900,593	$1,731,026	$3,044,968	$1,169,567
2019	$1,762,552	$1,078,832	$945,007	$683,720
2018	$674,964	$420,145	$259,361	$254,819