FINANCIAL LEADERSHIP SKILLS ACADEMY

EIN: 882194314 501(c)(3)

Burien, WA

Total Revenue
$50,000
Total Expenses
$5,097
Total Assets
$44,903
Net Assets
$44,903
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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
2023
Legal Domicile
WA
Phone
2063109951
Tax Period
2023-01-01 to 2023-12-31

FINANCIAL LEADERSHIP SKILLS ACADEMY, founded in 2023, is a micro nonprofit that reported $50K in total revenue in fiscal year 2023. The organization ran a surplus of $45K, a strong 90% operating margin.

Mission

OUR MISSION IS TO PROIVDE ACCOUNTING AND FINNACE SKILLS TO OUR STUDENTS SO THAT THEY CAN ENRICH THEIR LIVES FAMILIES AND COMMUNITY. OUR MOST SIGNIFICANT ACTIVITY IN 2023 WAS TO START OUR FIRST CO-HORT OF STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $50,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $50,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,097
Other Expenses $5,097
TOTAL EXPENSES $5,097

Year-over-Year Comparison

2023 2022 Change
Revenue $50,000 N/A N/A
Expenses $5,097 N/A N/A
Net Income $44,903 $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
3
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
1
$50,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HONGTOU HONGVILAY EXECUTIVE DIRECTOR 40.00
Officer
$25,000 $0 $50,000
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
2024 No data No data No data No data
2023 $50,000 $5,097 $44,903 $44,903
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