CLEAN SLATE INITIATIVE INC

EIN: 923898284 501(c)(3) Civil Rights & Advocacy

ORLANDO, FL

Total Revenue
$10,121,211
Total Expenses
$18,207,513
Total Assets
$64,309,822
Net Assets
$60,286,920
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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
FL
Principal Officer
SHEENA MEADE
Phone
4152766586
Tax Period
2024-01-01 to 2024-12-31

CLEAN SLATE INITIATIVE INC, founded in 2023, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $10.1M in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $18.2M exceeded revenue, resulting in a 80% operating deficit.

Mission

THE CLEAN SLATE INITIATIVE PASSES AND IMPLEMENTS LAWS THAT AUTOMATICALLY CLEAR ELIGIBLE RECORDS FOR PEOPLE WHO HAVE COMPLETED THEIR SENTENCE AND REMAINED CRIME-FREE, AND EXPANDS WHO IS ELIGIBLE FOR CLEARANCE.

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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 $8,711,749
Program Service Revenue $22,423
Investment Income $1,372,456
Other Revenue $14,583
TOTAL REVENUE $10,121,211

Expense Breakdown

Grants Paid $9,043,216
Salaries & Benefits $4,395,567
Fundraising Expenses $392,799
Program Expenses $15,093,015
Other Expenses $4,768,730
TOTAL EXPENSES $18,207,513

Year-over-Year Comparison

2024 2023 Change
Revenue $10,121,211 $71,104,675 -0.9%
Expenses $18,207,513 $2,190,458 +7.3%
Net Income $-8,086,302 $68,914,217 -1.1%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
30
Volunteers
5

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
5
$705,084
Total Directors
5
$508,803
Key Employees
1
$312,066
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHEENA MEADE DIRECTOR & CEO 39.75
Officer Director
$474,808 $33,995 $508,803
DARYL ATKINSON DIRECTOR & BOARD CHAIR 0.50
Officer Director
$0 $0 $0
DAVID SAFAVIAN DIRECTOR & SECRETARY 0.50
Officer Director
$0 $0 $0
JOLENE FORMAN DIRECTOR & TREASURER 0.50
Officer Director
$0 $0 $0
MINDY TARLOW DIRECTOR 0.50
Director
$0 $0 $0
KENYA BROWNING CHIEF FINANCIAL OFFICER 40.00
Officer
$181,973 $14,308 $196,281
SARAT L MAYER CHIEF OPERATING OFFICER 39.50
Key Emp
$281,333 $30,733 $312,066
STACEY P FERGUSON VICE PRESIDENT OF MARKETING AND COMMUNICATIONS 40.00
Highest
$202,065 $23,233 $225,298
JASON N COOPER VICE PRESIDENT OF STATE AND FEDERAL CAMPAIGNS 40.00
Highest
$200,085 $7,818 $207,903
ALEXANDRA LEIGH MIDORI WILLIAMS CHIEF OF STAFF 40.00
Highest
$191,990 $22,830 $214,820
REGINALD DARBY FEDERAL LEGISLATIVE DIRECTOR 40.00
Highest
$176,649 $10,593 $187,242
SHARLENE P SHIKHMURADOVA DIRECTOR OF TALENT & CULTURE 40.00
Highest
$170,915 $27,240 $198,155
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 $10,121,211 $18,207,513 $64,309,822 $-8,086,302
2023 No data No data No data No data
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