ZEAL INITIATIVE FOUNDATION (EIN 851575261) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

Principal Officer

Shunji Quenae Brown Woods

Phone

9013375667

Tax Period

2025-01-01 to 2025-12-31

ZEAL INITIATIVE FOUNDATION, founded in 2020, is a micro nonprofit in the Education sector that reported $2K in total revenue in fiscal year 2025. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $3K exceeded revenue, resulting in a 61% operating deficit.

Mission

The purpose of Zeal Initiative Foundation is to support academic scholarships and educational programs for students with an interest in STEM careers.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,713

Program Service Revenue $0

Investment Income $4

Other Revenue $0

TOTAL REVENUE $1,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,684

Other Expenses $2,760

TOTAL EXPENSES $2,760

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,717	$4,393	-0.6%
Expenses	$2,760	$3,287	-0.2%
Net Income	$-1,043	$1,106	-1.9%

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

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
LaTrease Stevenson Watson MBA	Board Member	0.23	Director	$0	$0	$0
Kelly O Elmore MD MBA	Board Member	0.23	Director	$0	$0	$0
Christie Gooden Magee MD MPH	Board Member	0.23	Director	$0	$0	$0
Monica E Crump MD	Board Member	0.23	Director	$0	$0	$0
Latacha Fifer CPA	Board Memberr	0.23	Director	$0	$0	$0
Shunji Q Brown-Woods EdD MHA	CEO/President	6.00	Officer	$0	$0	$0
Virginia H Anderson	Executive Director	6.00	Officer	$0	$0	$0
Schnika Brown	Treasurer	6.00	Officer	$0	$0	$0
Jasmine Brown	Secretary	8.00	Officer	$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
2025	$1,717	$2,760	$2,335	$-1,043
2024	$4,393	$3,287	$3,378	$1,106
2023	$2,310	$1,904	$2,772	$406
2022	$3,284	$4,009	$1,366	$-725
2021	$5,524	$2,858	$2,666	$2,666

ZEAL INITIATIVE FOUNDATION