Civic Intelligence

Transformative Leadership Academy Tl Academy

990 • Fiscal year 2023 • EIN 83-4545014

Sep 01, 2022 to Aug 31, 2023 • Filed on Aug 20, 2025

Organization Profilethe tlaacademy.com
1329 W 44th StMonahans, TX 79756

(432) 245-1108

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.40x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.65x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

28th percentile

-6.2%

Higher net margin than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

43rd percentile

1.9%

Faster asset growth than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$1,477,686

Up $28,000 (+1.9%) from 2022

Net Assets

Down

$880,385

Down $56,873 (-6.1%) from 2022

Liabilities

Up

$597,301

Up $84,873 (+17%) from 2022

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin28th percentile

Revenue

Down

$924,420

Down $193,150 (-17%) from 2022

Expenses

Up

$981,293

Up $229,512 (+31%) from 2022

Net Income

Down

-$56,873

Down $422,662 (-116%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2020: $429,227Liabilities 2020: $53,158Net Assets 2020: $376,0692020Assets 2021: $673,745Liabilities 2021: $102,276Net Assets 2021: $571,4692021Assets 2022: $1,449,686Liabilities 2022: $512,428Net Assets 2022: $937,2582022Assets 2023: $1,477,686Liabilities 2023: $597,301Net Assets 2023: $880,3852023Assets 2024: $1,360,332Liabilities 2024: $617,931Net Assets 2024: $742,4012024

Highlighted filing

2023

Assets$1,477,686
Liabilities$597,301
Net Assets$880,385
Open 2023 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2020: $831,846Expenses 2020: $455,777Net Income 2020: $376,0692020Revenue 2021: $713,234Expenses 2021: $517,834Net Income 2021: $195,4002021Revenue 2022: $1,117,570Expenses 2022: $751,781Net Income 2022: $365,7892022Revenue 2023: $924,420Expenses 2023: $981,293Net Income 2023: -$56,8732023Revenue 2024: $1,019,723Expenses 2024: $879,351Net Income 2024: $140,3722024

Highlighted filing

2023

Revenue$924,420
Expenses$981,293
Net Income-$56,873
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Aug 20, 2025
Return Version
2022v5.0
Gross Receipts
$927,979
Mission and Program Overview

Mission

Through project based learning and design thinking, we will prepare this generation of students to lead our community with 21st century skills. We will provide a learner-centered academic and physical environment that not only meets the needs of all students, but embraces their uniqueness and diversity. We will create globally responsive citizens who are well equiped to improve their communitites through strategic problem solving and collaberation. We are school of the future.

The Corporation shall seek to design, develop, establish and direct a private school for grades Pre-kindergarten through 12th. The school will utilize a +1P framework for learning to prepare this generation of students to lead our community with 21st century skill including: Critical thinking and problem Solving, collaboration and leading by influence, agility and adaptability, initiative and entrepreneurism, effective communication, accessing and analyzing information, curiosity and imagination. We will provide a universaly designed instructional and physical environment that not only meets the needs of all students, but embraces their uniqueness and diversity. We will create globally responsive citizens who seek to better their communities through stategic problem solving and collaboration. Through our interdisciplinary instruction and flexible grouping strategies, our students' achievement will be accelerated so that they are fully prepared for college and/or careers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$948,189$1,077,752▲ $129,563
Rtn Earn Endowment Incm Other Fnds$937,258$880,385▼ $56,873
Cash and Non-Interest-Bearing Accounts$501,497$399,934▼ $101,563
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,449,686$1,477,686▲ $28,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$508,383$587,973▲ $79,590
Accounts Payable and Accrued Expenses$4,045$9,328▲ $5,283
Total Liabilities$512,428$597,301▲ $84,873
Net Assets / Fund Balance
Total Net Assets Fund Balance$937,258$880,385▼ $56,873
Total Liabilities and Net Assets / Fund Balance$1,449,686$1,477,686▲ $28,000

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,077,752$104,163$1,181,915
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Denisse TaylorPresident
Larry JassoVice-President
Bobby AndrewsDirector
Dusty CoulstonDirector
Justin HardyDirector
Shellie PorrasDirector
Dr Lindsey BalderazExecutive Director
Rebekah KinesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$148,136
Program Service Revenue
$716,423
Investment Income
$0
Other Revenue
$59,861
All Other Contributions
$99,036
Change in Net Assets
$-56,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$645,681
Other Expenses$335,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$508,812$63,114-$571,926
Occupancy$58,966$2,776-$61,742
All Other Expenses$58,605$1,428-$60,033
Depreciation Depletion$57,109--$57,109
Payroll Taxes$42,957$5,071-$48,028
Other Employee Benefits$23,891$1,836-$25,727
Other Expenses$19,075$2,500-$19,075
Insurance$18,581$386-$18,967
Information Technology$14,392--$14,392
Advertising$5,122--$5,122
Fees for Services Legal-$376-$376
Travel$261--$261
Total Functional Expenses$903,806$77,487$0$981,293
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$63,420
Fundraising Direct Expenses$3,559
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gun Raffle$14,093$14,093-$14,093
Beef Raffle$12,877$12,877-$12,877
Total Events$63,413$63,413-$63,413
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“There is no committee for this purpose. All matters are discussed at regular board meetings.”

Form 990, Part VI, Section B, line 11B

“Form 990 was reviewed by the executive director prior to filing. A copy of the Form 990 was emailed to the board members.”

Form 990, Part VI, Section B, line 12C

“The board meets on a regular basis and has emergency or special sessions as needed. Policies and procedures are reviewed at least annually and all board members sign off on any conflict of interest issues. TLA has recently undergone and received accreditation which is an additional safety measure to ensure that they are meeting the goals of their stated mission and do not violate their policies or conflict of interest requirements.”

Form 990, Part VI, Section C, line 19

“All public records are available upon request at our location during regular business hours.”

Filing and Contact Details

Filer

Filer Name
Transformative Leadership Academy
EIN
83-4545014
Phone
4322451108
Address
1329 W 44th St, Monahans, TX 79756

Signing Officer

Name
Lindsey Balderaz
Title
Executive Director
Phone
4322451108
Signed
2025-08-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lindsey Balderaz
Formed
2019
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
10
Volunteers
0

Preparer

Firm
Smith & Rives PC
Address
PO Box 640, Monahans, TX 79756
Preparer
Terry R Smith
Phone
4329437516
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There is no committee for this purpose. All matters are discussed at regular board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 was reviewed by the executive director prior to filing. A copy of the Form 990 was emailed to the board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board meets on a regular basis and has emergency or special sessions as needed. Policies and procedures are reviewed at least annually and all board members sign off on any conflict of interest issues. TLA has recently undergone and received accreditation which is an additional safety measure to ensure that they are meeting the goals of their stated mission and do not violate their policies or conflict of interest requirements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All public records are available upon request at our location during regular business hours.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
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IRS990/USAddress/AddressLine1Txt02909 S Stockton Hwy
IRS990/USAddress/CityNm0Monahans
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IRS990/WebsiteAddressTxt0the tlaacademy.com
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0Transformative Leadership Academy is a non-public school formed in 2019. We do have a board of directors and an executive director. The board of directors is comprised of volunteers from the community at large. The executive director oversees the operations and teachers and staff are hired for the operation. We have a local CPA that we have helping us with the tax return. The accounting is done by TLA in house. The CPA has been behind on the tax filings beginning with the year ended August 2021 due to volume of work, lack of staff and covid. See attached statement from the CPA. There is only 1 local CPA firm in our small community who has helped us pro-bono and paid the late filing penalties. Reference-Late Penalties AbatementPer CPAWe have been involved with TLA starting with the origianl filing for not for profit corporation and not for profit determination with the IRS. We have provided our services pro-bono knowing there was a need in our community. We have continued in our role and have prepared the annual tax returns for TLA, but not without shortcomings.We are the only local CPA firm in our small city and we service other neighboring cities that do not have a CPA firm. We are located in the Permian Basin of West Texas and the oil field has had tremendous activity. The CPA firms of the nearest larger cities of Odessa and Midland TX are all extremely busy. In July 2022 as I was completing the tax return for year ending 8-31-2021 I became ill with Covid. My wife followed me with Covid. Our firm was already stressed from the workload and additional personnel and families also got Covid. We faced huge backlogs of work. In addition to the Covid issues, our staff turnover became a severe problem. We were forced to have to make decisions to help us get out of the situation we were in regarding workload and staffing. We attempted to hire additional staff to no avail. We decided not to accept any additional clients. In addition, we terminated our audit practice which constituted about thirty percent of our business. We did that and the audit staff have transitioned to tax to help us fix that problem. We are beginning to see the light at the end of the tunnel so to speak. If you do a little research you will find that CPAs are an aging breed with most nearing retirement age. We fit that mold. My partner is 65 years of age and I am 75 years of age. Yet, we are working like we did many years ago. Currently, new college graduates are not choosing accounting. Hopefully that trend will change. We have not had any success hiring accountants. This firm was formed in 1950 and I came to work here in January 1974. I have never experienced the problems we have faced in the last 3 years. We take our work seriously and always will. Please take all this into consideration with regards to penalty assessments. Any consideration you can give us to abate penalties is appreciated.Sincerely,Terry R. Smith C.P.A. 432-943-7516President and Resident Manager
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Lindsey Balderaz
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum04322451108
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Transformative Leadership Academy
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0TL Academy
ReturnHeader/Filer/BusinessNameControlTxt0TRAN
ReturnHeader/Filer/EIN0834545014
ReturnHeader/Filer/PhoneNum04322451108
ReturnHeader/Filer/USAddress/AddressLine1Txt01329 W 44th St
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752845372
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Smith & Rives PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 640
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Monahans
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079756
ReturnHeader/PreparerPersonGrp/PhoneNum04329437516
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Terry R Smith
ReturnHeader/ReturnTs02025-08-20T15:56:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-09-01
ReturnHeader/TaxPeriodEndDt02023-08-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,477,686
Liabilities
$597,301
Net assets
$880,385
Revenue
$924,420
Expenses
$981,293
Net income
-$56,873
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.62$0.74$1.02$0.88$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.48$0.60$0.88$0.92$0.98$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.45$0.51$0.94$1.12$0.75$0.37
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.10$0.57$0.71$0.52$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.43$0.05$0.38$0.83$0.46$0.38