LEAP INITIATIVE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

QING HAN

Phone

5109985388

Tax Period

2020-01-01 to 2020-12-31

LEAP INITIATIVE INC, founded in 2019, is a small nonprofit that reported $423K in total revenue in fiscal year 2020. Expenses of $382K left a modest 10% surplus.

Mission

LEAP (LIFE-SCIENCE ENTREPRENEURSHIP AND PLUS) IS A CLOSELY CONNECTED AND COLLABORATIVE COMMUNITY FEATURING ASPIRING SCIENTISTS AND SCHOLARS, ENTREPRENEURS AND INVESTORS, PROFESSIONALS, AND INDUSTRY LEADERS. LEAP DEDICATES TO INFORM, INSPIRE AND SUPPORT OUR MEMBERS AND PEERS THROUGH SEMINARS, LECTURES, WORKSHOPS, AND SOCIAL EVENTS. ORIGINATED IN SILICON VALLEY, LEAP BUILT A DIVERSE AND PASSIONATE ENTREPRENEURIAL NETWORK AND CONTINUES TO NURTURE THE NEXT LEVEL OF INNOVATIONS AND CREATIONS IN THE LIFE-SCIENCE INDUSTRY! AS PART OF OUR MISSION, LEAP IS ALSO COMMITTED TO GIVING BACK TO THE COMMUNITY. DURING THE COVID-19 PANDEMIC, LEAP TOOK ACTION FROM THE VERY BEGINNING TO AID AND SUPPORT HEALTHCARE WORKERS, NEIGHBORING COMMUNITIES, AND FAMILIES WITH MEDICAL EQUIPMENT, PREVENTION AND SANITIZING SUPPLIES, ETC.

Program Service Accomplishments

Program 1

Expenses: $370,117 Revenue: $0

CAMPAIGN BATTLING COVID - THE CAMPAIGN BATTLING COVID PROGRAM HAS HELPED IN SUPPORTING MEDICAL STAFF BOTH IN CHINA AND US DURING THE COVID-19 PANDEMIC. THIS PROGRAM AIDS IN PURCHASING PERSONAL...

CAMPAIGN BATTLING COVID - THE CAMPAIGN BATTLING COVID PROGRAM HAS HELPED IN SUPPORTING MEDICAL STAFF BOTH IN CHINA AND US DURING THE COVID-19 PANDEMIC. THIS PROGRAM AIDS IN PURCHASING PERSONAL PROTECTIVE EQUIPMENT, INCLUDING BUT NOT LIMITED TO GLOVES, FACE MASKS, FULL-COVER PROTECTIVE SUITS, GOGGLES, AND DONATED THEM TO THAT HOSPITAL IN CHINA AND US TO SUPPORT THE MEDICAL STAFF.

Program 2

Expenses: $2,378 Revenue: $5,632

OTHER PROGRAMS - INCLUDING GENERAL PROGRAM AND BOOT CAMP.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $416,669

Program Service Revenue $5,632

Investment Income $0

Other Revenue $200

TOTAL REVENUE $422,501

Expense Breakdown

Grants Paid $358,041

Salaries & Benefits $0

Fundraising Expenses $178

Program Expenses $372,495

Other Expenses $23,720

TOTAL EXPENSES $381,761

Year-over-Year Comparison

	2020	2019	Change
Revenue	$422,501	N/A	N/A
Expenses	$381,761	N/A	N/A
Net Income	$40,740	$0	N/A

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
QING HAN	PRESIDENT	10	Officer Director	$0	$0	$0
JIWEN WEI	BOARD MEMBER	10	Director	$0	$0	$0
LIQIN ZHANG	BOARD MEMBER	10	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
2020	$422,501	$381,761	$43,655	$40,740