Lexington Education Foundation Inc

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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

1991

Legal Domicile

Phone

7813723288

Tax Period

2023-07-01 to 2024-06-30

Lexington Education Foundation Inc, founded in 1991, is a small nonprofit that reported $329K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $80K, a strong 24% operating margin.

Mission

Lexington Education Foundation is an independent 501(c)(3) charitable organization dedicated to funding teacher-initiated grants that sustain the excellence of the Lexington Public School System, with a focus on cutting-edge technology and curriculum innovations.

Program Service Accomplishments

Program 1

Expenses: $90,448 Revenue: $0

LEF Program Grants fund dynamic classroom and curriculum projects, as well as professional development opportunities for educators. Program Grants are available to teachers, staff, administrators and community members. The grant application process requires each applicant to detail how grant activities are expected to benefit the students of Lexington. Grants have been awarded to all grade levels and in all disciplines, including the arts, sciences, literacy, physical education, teacher mentoring, and social competency. The goal of LEF Program Grants is to enhance the learning of students and teachers.

Program 2

Expenses: $40,807 Revenue: $0

Fellowships

Program 3

Expenses: $11,333 Revenue: $0

Rapid Response Grant

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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 $144,988

Program Service Revenue $0

Investment Income $101,142

Other Revenue $83,207

TOTAL REVENUE $329,337

Expense Breakdown

Grants Paid $174,492

Salaries & Benefits $16,169

Fundraising Expenses $29,320

Program Expenses $174,492

Other Expenses $58,354

TOTAL EXPENSES $249,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,337	$271,230	+0.2%
Expenses	$249,015	$231,505	+0.1%
Net Income	$80,322	$39,725	+1.0%

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

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
Shalini Agrawal	Director	N/A	Director	$0	$0	$0
Gina Capone	Director	4.00	Director	$0	$0	$0
Keri Caron	Director	4.00	Director	$0	$0	$0
Sarah Carter	Director	4.00	Director	$0	$0	$0
Nicole Coelho	Co- President	12.00	Officer Director	$0	$0	$0
Carolyn Coppe Peacock	Past-President	4.00	Director	$0	$0	$0
Jacqueline Goohs	Director	4.00	Director	$0	$0	$0
Karen Griffiths	Director	4.00	Director	$0	$0	$0
Meghana Khanolkar	Co-Treasurer	8.00	Officer Director	$0	$0	$0
Audra Myerberg	Director	4.00	Director	$0	$0	$0
Alyson Nickse	Co- President	12.00	Officer Director	$0	$0	$0
Jen Oriel	Director	4.00	Director	$0	$0	$0
Tariq Qureshi	Director	4.00	Director	$0	$0	$0
Fernanda Raduan	Director	4.00	Director	$0	$0	$0
Will Scarbrough	Director	4.00	Director	$0	$0	$0
Timothy Schmidt	Director	4.00	Director	$0	$0	$0
Rebecca Smerling	Director	4.00	Director	$0	$0	$0
Ariel Sroka	Director	4.00	Director	$0	$0	$0
Meg Taves	Secretary	8.00	Officer Director	$0	$0	$0
Julia Weng	Co-Treasurer	8.00	Officer Director	$0	$0	$0
Shana York	Director	4.00	Director	$0	$0	$0
Karen Zhao	Director	4.00	Director	$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	$329,337	$249,015	$2,986,720	$80,322
2023	$271,230	$231,505	$2,762,466	$39,725
2022	$370,050	$320,719	$2,570,680	$49,331
2021	$458,386	$280,319	$2,849,904	$178,067
2020	$166,652	$326,847	$2,439,769	$-160,195
2019	$544,982	$357,421	$2,550,447	$187,561
2018	$478,061	$277,165	$2,322,630	$200,896