LEGAL EDUCATION ACCESS PIPELINE 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

2021

Legal Domicile

Phone

8183894279

Tax Period

2024-01-01 to 2024-12-31

LEGAL EDUCATION ACCESS PIPELINE INC, founded in 2021, is a small nonprofit in the Crime & Legal sector that reported $413K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 26% operating margin.

Mission

The mission of LEAP is to diversify the legal profession by preparing underrepresented students to become successful law school applicants, lawyers, and agents of social change.

Program Service Accomplishments

Program 1

Expenses: $233,300

For the year ended December 31, 2024 the organization operated the following programs:MentoringFellows in the LEAP program are paired with a current law student and a practicing attorney for the...

For the year ended December 31, 2024 the organization operated the following programs:MentoringFellows in the LEAP program are paired with a current law student and a practicing attorney for the duration of the fellowship. Fellows connect with their mentors at least once a month. Mentors offer valuable insights from their own experiences, connect Fellows with resources and opportunities, and provide encouragement throughout the fellowship. Attorney mentors illuminate what it is like to work in the field, while student mentors shed light on the law school application process and law school experience.Workshops and Skills-development:Eight monthly, all day Saturday Academies include a comprehensive curriculum to prepare Fellows to excel in their law school applications, in law school, and as lawyers. These workshops are hosted at Loyola Law School and the curriculum includes:*Understanding and successfully completing each element of a law school application*Professionalism and excelling in law school*Building core lawyering skills*Panels and talks from law professionals from diverse professional settingsSocial Justice ProgrammingThe curriculum for the LEAP Fellowship was designed through a social justice lens. Each monthly Saturday Academy includes a program on the social justice applications of a law degree. LEAP targets changemakers who see the law as a tool for social justice and aims to provide our Fellows with the necessary skills to do this critically needed work.

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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 $408,708

Program Service Revenue $0

Investment Income $5

Other Revenue $3,808

TOTAL REVENUE $412,521

Expense Breakdown

Grants Paid $22,250

Salaries & Benefits $75,744

Fundraising Expenses $42,029

Program Expenses $233,300

Other Expenses $206,394

TOTAL EXPENSES $304,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$412,521	$262,903	+0.6%
Expenses	$304,388	$226,992	+0.3%
Net Income	$108,133	$35,911	+2.0%

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

135

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

$22,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY LOPEZ	Executive Dir.	20.00	Officer	$22,650	$0	$22,650
THAILA SUNDARESAN	Chair	2.00	Officer Director	$0	$0	$0
MARY BEATTY	Treasurer	2.00	Officer Director	$0	$0	$0
JUDGE LUCY ARMENDARIZ	Secretary	2.00	Officer Director	$0	$0	$0
JUSTICE CARLOS MORENO	Director	1.00	Director	$0	$0	$0
JUDGE GEORGE BIRD	Director	1.00	Director	$0	$0	$0
REY RODRIGUEZ	Director	1.00	Director	$0	$0	$0
STEVE LEVICK	Director	1.00	Director	$0	$0	$0
ROGER LOWENSTEIN	Director	1.00	Director	$0	$0	$0
SHELLYE PRUITT	Director	1.00	Director	$0	$0	$0
CINDY RIVAS	Director	1.00	Director	$0	$0	$0
RAJ TREJAN	Director	1.00	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	$412,521	$304,388	$393,471	$108,133
2023	$262,903	$226,992	$282,437	$35,911
2022	$295,952	$167,279	$246,526	$128,673
2021	$172,821	$54,968	$117,853	$117,853