LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FOUNDATION INC (EIN 132934035) - 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

1977

Legal Domicile

Phone

2127521530

Tax Period

2023-07-01 to 2024-06-30

LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FOUNDATION INC, founded in 1977, is a small nonprofit that reported $144K in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 21% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS AND GRANT AID TO STUDENTS WHO ATTEND LIM COLLEGE.

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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 $42,873

Program Service Revenue $0

Investment Income $103,616

Other Revenue $-2,577

TOTAL REVENUE $143,912

Expense Breakdown

Grants Paid $45,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,250

Other Expenses $68,012

TOTAL EXPENSES $113,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,912	$67,016	+1.1%
Expenses	$113,262	$107,549	+0.1%
Net Income	$30,650	$-40,533	-1.8%

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

N/A

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
JEN FOYLE	Director	5.00	Director	$0	$0	$0
CHRYSTIE BOUCREE PRICE	Director	5.00	Director	$0	$0	$0
KARIS DURMER	Director	5.00	Director	$0	$0	$0
DAVID HEATH	Director	5.00	Director	$0	$0	$0
ELIZABETH S MARCUSE	Director	5.00	Director	$0	$0	$0
JAY ANGELETTI	Director	5.00	Director	$0	$0	$0
ARNOLD COHEN	Director	5.00	Director	$0	$0	$0
HARRY CUNNINGHAM	Director	5.00	Director	$0	$0	$0
MICHELE PARSONS	Director	5.00	Director	$0	$0	$0
PATTY FARMER	Director	5.00	Director	$0	$0	$0
ROSIE MATTIO	Director	5.00	Director	$0	$0	$0
TODD SNYDER	Director	5.00	Director	$0	$0	$0
JILL HENNESSEY-BROWN	Director	5.00	Director	$0	$0	$0
STEVE SODERHOLM	Director	5.00	Director	$0	$0	$0
MICHAEL DONOHUE	Treasurer	5.00	Officer	$0	$0	$0
GAIL NARDIN	Secretary	5.00	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	$143,912	$113,262	$1,727,285	$30,650
2023	$67,016	$107,549	$1,553,831	$-40,533
2022	$139,302	$223,710	$1,474,754	$-84,408
2021	$56,045	$106,604	$2,024,378	$-50,559
2020	$90,136	$90,891	$1,629,018	$-755
2019	$142,761	$111,670	$1,582,902	$31,091

LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FOUNDATION INC