ENGAGING YOUNG MINDS ACADEMY INC

EIN: 832999697 501(c)(3) Education

ORANGE PARK, FL

Total Revenue
$345,013
Total Expenses
$328,247
Total Assets
$265,932
Net Assets
$72,710
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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
FL
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 provide a positive and age appropriate learning experience that prepares students for future success

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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 $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

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Governance

Voting Members
4
Independent Members
3
Employees
11
Volunteers
5

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
$45,138
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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