LOCHLAND SCHOOL 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

1954

Legal Domicile

Principal Officer

ANNE BATEMAN

Phone

3157895208

Tax Period

2024-01-01 to 2024-12-31

LOCHLAND SCHOOL INC, founded in 1954, is a community nonprofit in the Human Services sector that reported $5.5M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $5.1M left a modest 7% surplus.

Mission

LOCHLAND SCHOOL'S MISSION IS TO CREATE OPPORTUNITIES FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO CELEBRATE INDEPENDENCE AND ENCOURAGE SUCCESS

Program Service Accomplishments

Program 1

Expenses: $3,339,897 Revenue: $4,304,557

RESIDENTIAL HOMES- A RESIDENTIAL HOME THAT PROVIDES INSTRUCTION IN LIVING, SELF-HELP, RECREATIONAL AND SOCIAL SKILLS TO DEVELOPMENTALLY DISABLED ADULTS. CLIENTS SERVED - 24

Program 2

Expenses: $679,732 Revenue: $472,386

DAY HABILITATION- SUPERVISED INSTRUCTIONAL PROGRAM DURING DAYTIME HOURS ACCOMODATES DEVELOPMENTALLY DISABLED INDIVIDUALS LIVING IN AGENCY FACILITIES & PRIVATE ROOMS. CLIENTS SERVED - 13.

Program 3

Expenses: $330,100 Revenue: $393,694

COMMUNITY HABITATION- CONSISTS OF SERVICES DESIGNED TO IMPROVE SELF-HELP, SOCIALIZATION AND ADAPTIVE SKILLS NECESSARY TO RESIDE SUCCESSFULLY IN HOME AND COMMUNITY BASED SETTINGS. CLIENTS SERVED - 23.

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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 (2024)

Revenue Breakdown

Contributions & Grants $125,299

Program Service Revenue $5,280,369

Investment Income $71,987

Other Revenue $11,042

TOTAL REVENUE $5,488,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,881,170

Fundraising Expenses $69,177

Program Expenses $4,349,729

Other Expenses $1,229,574

TOTAL EXPENSES $5,110,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,488,697	$4,719,539	+0.2%
Expenses	$5,110,744	$4,580,705	+0.1%
Net Income	$377,953	$138,834	+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

109

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

$159,941

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MS KATYA CHOROVER-GRANDT	PRESIDENT	1.00	Officer Director	$0	$0	$0
MR JOHN GRANDT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MR JOHN ERNST	TREASURER	1.00	Officer Director	$0	$0	$0
MR MATTHEW ERNST	TRUSTEE	1.00	Director	$0	$0	$0
MR JIM CULLEN	TRUSTEE	1.00	Director	$0	$0	$0
MR WILSON FRANCIS	TRUSTEE	1.00	Director	$0	$0	$0
MR KYLE HOUSER	TRUSTEE	1.00	Director	$0	$0	$0
MR FORD WEISKITTEL	SECRETARY	1.00	Officer Director	$0	$0	$0
MS ANNE BATEMAN	EXECUTIVE DIRECTOR	40.00	Officer	$144,341	$15,600	$159,941
MS SUSAN RICCIONE	DIRECTOR OF NURSING	40.00	Highest	$104,945	$0	$104,945

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	$5,488,697	$5,110,744	$5,683,734	$377,953
2023	$4,719,539	$4,580,705	$4,637,551	$138,834
2023	No data	No data	No data	No data
2022	$5,258,201	$5,262,796	$4,766,370	$-4,595
2021	$4,138,161	$3,969,222	$4,993,612	$168,939
2020	$3,192,724	$3,330,516	$4,892,425	$-137,792
2019	$3,178,086	$3,674,570	$4,138,886	$-496,484
2018	$3,525,698	$3,631,994	$4,340,270	$-106,296