THIRD FUTURE SCHOOLS - LOUISIANA (EIN 931638103) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

JESSICA LOPEZ

Phone

2253722037

Tax Period

2023-07-01 to 2024-06-30

THIRD FUTURE SCHOOLS - LOUISIANA, founded in 2023, is a community nonprofit in the Human Services sector that reported $6.0M in total revenue in fiscal year 2023. Expenses of $6.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

A TEAM OF DEDICATED TEACHERS AND LEADERS, WORKING IN A HIGH PERFORMANCE AND CARING CULTURE, IMPLEMENTS WHOLESCALE REFORM OF THE EDUCATION SYSTEM BASED ON DIFFERENT DESIGN PRINCIPLES. THEY MAINTAIN AN INTENSE FOCUS ON HIGH QUALITY INSTRUCTION AND ALSO PROVIDE STUDENTS WITH EXPERIENCES TO BROADEN PERSPECTIVE AND SUPPORT THE GROWTH OF YEAR 2035 COMPETENCIES. THIRD FUTURE SCHOOLS HOLDS HIGH EXPECTATIONS FOR STUDENTS AND STAFF AND BELIEVES THAT EVERYONE CAN CREATE THEIR FUTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,980,257

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,980,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,684,456

Fundraising Expenses $0

Program Expenses $5,163,963

Other Expenses $2,050,667

TOTAL EXPENSES $6,735,123

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,980,257	N/A	N/A
Expenses	$6,735,123	N/A	N/A
Net Income	$-754,866	N/A	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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WILLIAMS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KARA MAGGORIE	BOARD MEMBER	1.00	Director	$0	$0	$0
BARAYNIA ROBILLARD	BOARD MEMBER	1.00	Director	$0	$0	$0
NELSENS PETERS	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
ZACH CRADDOCK	SUPERINTENDENT	40.00	Officer	$0	$0	$0
JESSICA LOPEZ	CHIEF OF STAFF	40.00	Officer	$0	$0	$0
SHIRLEY MILES PHD	DEPUTY CHIEF OF SCHOOLS AND OPERATIONS	40.00	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
2025	No data	No data	No data	No data
2024	$5,980,257	$6,735,123	$292,353	$-754,866

THIRD FUTURE SCHOOLS - LOUISIANA