ENGAGING YOUNG MINDS ACADEMY INC

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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

2019

Legal Domicile

Principal Officer

NKOYO E ROSS

Phone

9043382579

Tax Period

2023-01-01 to 2023-12-31

ENGAGING YOUNG MINDS ACADEMY INC, founded in 2019, is a small nonprofit in the Education sector that reported $345K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $328K left a modest 5% surplus.

Mission

To create a safe, nurturing, and rigorous learning environment that that encourages high expectations and engages, prepares, and equips young minds with the tools they need to be successful.

Program Service Accomplishments

Program 1

Expenses: $300,399 Revenue: $253,720

The school continued to enroll and educate cvhildren from all socio- economic and cultural backgrounds in the foundational skills needed to be successful in life. With support from funding sources...

The school continued to enroll and educate cvhildren from all socio- economic and cultural backgrounds in the foundational skills needed to be successful in life. With support from funding sources and grants such as the Voluntary Prekindergarten Program and School Readiness, the school began to thrive and graduated its second cohort.Students continue to show learning gains via various activities such as field trips, camps, literacy nights, orientation, and similar events through out the year. These activities are designed to create a cohesive learning environment that enhances student learning opportunities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $110,980

Program Service Revenue $234,033

Investment Income $0

Other Revenue $0

TOTAL REVENUE $345,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,901

Fundraising Expenses $0

Program Expenses $300,399

Other Expenses $162,346

TOTAL EXPENSES $328,247

Year-over-Year Comparison

	2023	2022	Change
Revenue	$345,013	$235,000	+0.5%
Expenses	$328,247	N/A	N/A
Net Income	$16,766	$235,000	-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

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

$45,138

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NKOYO E ROSS	President	60.00	Officer	$45,138	$0	$45,138
SERENA MAXWELL	DIRECTOR	N/A	Director	$0	$0	$0
ROVENIA SHAW	DIRECTOR	N/A	Director	$0	$0	$0
SAVANNAH SIRMANS	DIRECTOR	10.00	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	$345,013	$328,247	$265,932	$16,766
2022	$235,000	No data	$500,100	No data
2021	$117,520	$153,910	$96,675	$-36,390