LEE COUNTY EDUCATION FOUNDATION (EIN 134264393) - 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

2003

Legal Domicile

Principal Officer

SUSAN W KELLER

Phone

9197082545

Tax Period

2023-01-01 to 2023-12-31

LEE COUNTY EDUCATION FOUNDATION, founded in 2003, is a small nonprofit in the Education sector that reported $185K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $214K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO SUPPORT AND ENHANCE THE EDUCATION OF K THROUGH 12 STUDENTS IN LEE COUNTY NC PUBLIC SCHOOLS.

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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 $141,460

Program Service Revenue $0

Investment Income $43,071

Other Revenue $0

TOTAL REVENUE $184,531

Expense Breakdown

Grants Paid $194,194

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $194,194

Other Expenses $19,597

TOTAL EXPENSES $213,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,531	$130,463	+0.4%
Expenses	$213,791	$91,294	+1.3%
Net Income	$-29,260	$39,169	-1.7%

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

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

$4,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE R PERKINS JR	BOARD MEMBER	1.00	Director	$0	$0	$0
W KEL NORMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS A WICKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE L WELBORN	BOARD MEMBER/TREASURER	1.00	Officer Director	$0	$0	$0
T CHESTER MANN III	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRK J BRADLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TEMPLE SLOAN JR	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM E HORNER III	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES C KELLY JR	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN W KELLER	BOARD MEMBER/CHAIRMAN	1.00	Officer Director	$0	$0	$0
SHAY P BENTON	BOARD MEMBER	1.00	Director	$0	$0	$0
S WILSON COX	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA CHAPMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB JOYCE	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK PROCTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKI O HAISLIP	EXECUTIVE DIRECTOR	1.00	Officer	$4,500	$0	$4,500

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	$184,531	$213,791	$1,518,561	$-29,260
2022	$130,463	$91,294	$1,356,609	$39,169
2021	$196,199	$175,272	$1,509,909	$20,927
2020	$103,840	$172,173	$1,398,222	$-68,333
2019	$62,900	$73,449	$1,343,810	$-10,549
2018	$202,881	$68,962	$1,234,542	$133,919

LEE COUNTY EDUCATION FOUNDATION