TEACHERS LIKE ME

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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

KOFI LOMOTEY

Phone

9134614481

Tax Period

2024-07-01 to 2025-06-30

TEACHERS LIKE ME, founded in 2020, is a community nonprofit in the Youth Development sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $1.1M left a modest 5% surplus.

Mission

The mission of Teachers Like Me TLM is to recruit, develop and retain Black teachers. TLM is focused on two groups of people: college of education graduates from partner universities and high school students to receive a bachelor's degree in education. Incentives to recruit the teachers include signing bonuses, relocation fees, affordable housing, and scholarships. TLM is focused on developing a strong instructional pedagogy with a culturally responsive lens. Teachers will be provided additional professional develop by TLM to improve instructional practices. Teachers remaining in their school and/or district will receive a retention bonus each year. It's not enough to just be able to recruit and develop great teachers if we don't invest in filling the needs of those teachers and making sure that we retain them in our schools.

Program Service Accomplishments

Program 1

Expenses: $429,113 Revenue: $135,323

TEACHER RETENTION - TEACHERS REMAINING IN THEIR SCHOOL AND/OR DISTRICT WILL RECEIVE A RETENTION BONUS EACH YEAR. IT'S NOT ENOUGH TO JUST BE ABLE TO RECRUIT AND DEVELOP GREAT TEACHERS IF WE DON'T...

TEACHER RETENTION - TEACHERS REMAINING IN THEIR SCHOOL AND/OR DISTRICT WILL RECEIVE A RETENTION BONUS EACH YEAR. IT'S NOT ENOUGH TO JUST BE ABLE TO RECRUIT AND DEVELOP GREAT TEACHERS IF WE DON'T INVEST IN FILLING THE NEEDS OF THOSE TEACHERS AND MAKING SURE THAT WE RETAIN THEM IN OUR SCHOOLS

Program 2

Expenses: $305,030

PROFESSIONAL DEVELOPMENT - TEACHERS LIKE ME IS FOCUSED ON DEVELOPING A STRONG INSTRUCTIONAL PEDAGOGY WITH A CULTURALLY RESPONSIVE LENS. TEACHERS WILL BE PROVIDED ADDITIONAL PROFESSIONAL DEVELOPMENT...

Program 3

Expenses: $90,655 Revenue: $225,000

TEACHER RECRUITMENT - TEACHERS LIKE ME IS FOCUSED ON TWO GROUPS OF PEOPLE COLLEGE OF EDUCATION GRADUATES FROM PARTNER UNIVERSITIES AND HIGH SCHOOL STUDENTS TO RECEIVE A BACHELOR'S DEGREE IN...

TEACHER RECRUITMENT - TEACHERS LIKE ME IS FOCUSED ON TWO GROUPS OF PEOPLE COLLEGE OF EDUCATION GRADUATES FROM PARTNER UNIVERSITIES AND HIGH SCHOOL STUDENTS TO RECEIVE A BACHELOR'S DEGREE IN EDUCATION. INCENTIVES TO RECRUIT THE TEACHERS INCLUDE SIGNING BONUSES, RELOCATION FEES, AFFORDABLE HOUSING, AND SCHOLARSHIPS.

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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 $752,414

Program Service Revenue $360,323

Investment Income $5

Other Revenue $0

TOTAL REVENUE $1,112,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,710

Fundraising Expenses $126,530

Program Expenses $824,798

Other Expenses $599,591

TOTAL EXPENSES $1,051,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,112,742	$1,285,911	-0.1%
Expenses	$1,051,801	$996,016	+0.1%
Net Income	$60,941	$289,895	-0.8%

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

N/A

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
DR TRINITY DAVIS	EXECUTIVE DIRECTOR	40.00		$103,333	$0	$103,333
KOFI LOMOTEY	President	0.00	Officer Director	$0	$0	$0
DAVID HURFORD	Vice President	0.00	Officer Director	$0	$0	$0
ADRIANNE TAYLOR	Treasurer	0.00	Officer Director	$0	$0	$0
STEPHEN WILLIAMS	Secretary	0.00	Officer Director	$0	$0	$0
BOBBI SHUJAA	Director	0.00	Director	$0	$0	$0
PAMELA WEBB	Director	0.00	Director	$0	$0	$0
JOE KEAL	Director	0.00	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
2025	$1,112,742	$1,051,801	$1,392,437	$60,941
2024	$1,285,911	$996,016	$1,345,690	$289,895
2023	$882,395	$682,595	$296,100	$199,800
2022	$346,580	$329,083	$81,120	$17,497