NERRADS HOUSE INC RISING STARS ACADEMY

EIN: 900530528 501(c)(3) Human Services

GARDENA, CA

Total Revenue
$1,111,651
Total Expenses
$959,488
Total Assets
$204,895
Net Assets
$-125,129
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Principal Officer
DARREN JONES
Phone
3102723394
Tax Period
2024-01-01 to 2024-12-31

NERRADS HOUSE INC RISING STARS ACADEMY, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $959K left a modest 14% surplus.

Mission

TO PROVIDE A PROGRAM FOR PEOPLE WITHIN THE COMMUNITY TO ASSIST THEM WITH OUTREACH SERVICES AND SUPPORT SO THAT THEY CAN BECOME STRONG, SELF-SUFFICIENT INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,111,437
Investment Income $214
Other Revenue $0
TOTAL REVENUE $1,111,651

Expense Breakdown

Grants Paid $0
Salaries & Benefits $407,831
Fundraising Expenses $0
Program Expenses $959,488
Other Expenses $551,657
TOTAL EXPENSES $959,488

Year-over-Year Comparison

2024 2023 Change
Revenue $1,111,651 $2,413,232 -0.5%
Expenses $959,488 $2,424,050 -0.6%
Net Income $152,163 $-10,818 -15.1%
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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Governance

Voting Members
3
Independent Members
3
Employees
11
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
3
$10,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARREN JONES CEO 20.00
Officer
$10,000 $0 $10,000
ANGELA PETTIS Secretary 10.00
Officer
$0 $0 $0
MARGARET PETTIS CFO 10.00
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
2024 $1,111,651 $959,488 $204,895 $152,163
2023 $2,413,232 $2,424,050 $67,138 $-10,818
2022 $2,054,172 $2,116,420 $156,303 $-62,248
2021 $709,998 $821,495 $143,576 $-111,497
2020 $450,110 $469,842 $215,508 $-19,732
2019 $486,013 $454,299 $73,420 $31,714
2018 $116,289 $88,425 $41,832 $27,864
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