THE LESC FOUNDATION INC (EIN 133953427) - 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

1997

Legal Domicile

Principal Officer

VALERIE WALTERS

Phone

2125665372

Tax Period

2022-07-01 to 2023-06-30

THE LESC FOUNDATION INC, founded in 1997, is a micro nonprofit in the Human Services sector that reported $17K in total revenue in fiscal year 2022. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $42K exceeded revenue, resulting in a 144% operating deficit.

Mission

TO BENEFIT NOT-FOR-PROFIT ORGANIZATIONS LOCATED ON THE LOWER EAST SIDE OF MANHATTAN WITH PROGRAMS PROVIDING SUBSTANCE ABUSE AND/OR MENTAL HEALTH TREATMENT FOR CLIENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,757

Program Service Revenue $0

Investment Income $0

Other Revenue $-750

TOTAL REVENUE $17,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,587

Other Expenses $41,561

TOTAL EXPENSES $41,561

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,007	$82,046	-0.8%
Expenses	$41,561	$310	+133.1%
Net Income	$-24,554	$81,736	-1.3%

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

$557,795

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE WALTERS	PRESIDENT & CEO	1.00	Officer	$0	$47,915	$352,048
CARGIL BERNARD	VP, CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$52,659	$205,747

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	No data	No data	No data	No data
2023	$17,007	$41,561	$15,073	$-24,554
2022	$82,046	$310	$31,262	$81,736
2021	$-16,250	$259,645	$11,497	$-275,895
2020	$276,066	$549,527	$117,875	$-273,461
2018	$792,132	$1,122,450	$163,709	$-330,318

THE LESC FOUNDATION INC