LPS EDUCATION FOUNDATION INC

EIN: 201085968 501(c)(3) Education

LIVONIA, MI

Total Revenue
$130,663
Total Expenses
$138,445
Total Assets
$1,407,510
Net Assets
$1,406,506
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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
2004
Legal Domicile
MI
Principal Officer
DONNA G BLAUET
Phone
7344643660
Tax Period
2023-07-01 to 2024-06-30

LPS EDUCATION FOUNDATION INC, founded in 2004, is a small nonprofit in the Education sector that reported $131K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $1.4M represent 129 months of operating reserves.

Mission

ENLARGE RESOURCES AVAILABLE FOR THE SCHOOL DISTRICT WHICH WILL FORSTER AND EXPAND EDUCATIONAL OPPORTUNITIES FOR PROGRAMS IMPACTING STUDENTS BY BUILDING EFFECTIVE COLLABORATIONS AND CONTRIBUTING TO THE ESTABLISHMENT OF COLLGE SAVINGS PROGRAMS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $113,256
Program Service Revenue $0
Investment Income $17,407
Other Revenue $0
TOTAL REVENUE $130,663

Expense Breakdown

Grants Paid $79,726
Salaries & Benefits $44,462
Fundraising Expenses $0
Program Expenses $79,726
Other Expenses $14,257
TOTAL EXPENSES $138,445

Year-over-Year Comparison

2023 2022 Change
Revenue $130,663 $118,401 +0.1%
Expenses $138,445 $120,126 +0.2%
Net Income $-7,782 $-1,725 +3.5%
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

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
75

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
5
$0
Total Directors
15
$41,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA ULASZEK EXECUTIVE DIRECTOR(NON-VOTE) 20.00
Director
$41,200 $0 $41,200
LIZ JARVIS PRESIDENT (NON-VOTER) 10.00
Officer Director
$0 $0 $0
KELLIE DUMMER VICE-PRESIDENT 5.00
Officer Director
$0 $0 $0
DONNA BLAUET TREASURER 5.00
Officer Director
$0 $0 $0
CHAR BARINGHAUS SECRETARY 5.00
Officer Director
$0 $0 $0
BOB CARRIS CONTROLLER 5.00
Officer Director
$0 $0 $0
ROBB DRZEWICKI DIRECTOR 5.00
Director
$0 $0 $0
LORNA DURAND DIRECTOR 5.00
Director
$0 $0 $0
STACEY GRAMMATICO DIRECTOR 5.00
Director
$0 $0 $0
MARK JOHNSON DIRECTOR (NON-VOTING) 5.00
Director
$0 $0 $0
RON KULCZYCKI DIRECTOR 5.00
Director
$0 $0 $0
RANDY LIEPA DIRECTOR 2.00
Director
$0 $0 $0
DAVE MACFARLAND DIRECTOR 5.00
Director
$0 $0 $0
ANDREA OQUIST DIRECTOR (NON-VOTING) 5.00
Director
$0 $0 $0
JAY YOUNG DIRECTOR 5.00
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
2025 No data No data No data No data
2024 $130,663 $138,445 $1,407,510 $-7,782
2023 $118,401 $120,126 $1,285,136 $-1,725
2022 $85,270 $159,450 $549,217 $-74,180
2021 $115,213 $73,309 $574,027 $41,904
2020 $176,748 $72,368 $1,153,868 $104,380
2019 $130,938 $42,424 $1,049,487 $88,514
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