NextGen Global Leadership Academies

EIN: 873459628 501(c)(3) Education

Houston, TX

Total Revenue
$409,688
Total Expenses
$435,762
Total Assets
$915
Net Assets
$-26,074
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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
TX
Principal Officer
Revati Puranik
Phone
2105385385
Tax Period
2022-07-01 to 2023-06-30

NextGen Global Leadership Academies, founded in 2021, is a small nonprofit in the Education sector that reported $410K in total revenue in fiscal year 2022.

Mission

The platform for proposed tuition-free public charter schools in Texas serving grades 6-12.

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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 (2022)

Revenue Breakdown

Contributions & Grants $409,688
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $409,688

Expense Breakdown

Grants Paid $0
Salaries & Benefits $180,000
Fundraising Expenses $0
Other Expenses $255,762
TOTAL EXPENSES $435,762

Year-over-Year Comparison

2022 2021 Change
Revenue $409,688 N/A N/A
Expenses $435,762 N/A N/A
Net Income $-26,074 $0 N/A
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
3
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$75,000
Total Directors
3
$75,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Revati Puranik Chair 10.00
Officer Director
$0 $0 $0
Mary Grace Landrum Director 10.00
Director
$0 $0 $0
Jyoti Malhan Superintendent 10.00
Officer Director
$75,000 $0 $75,000
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
2023 $409,688 $435,762 $915 $-26,074
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