LAURENS EDUCATION ASSISTANCE FOR DISTRICT NO 55 (EIN 202697215) - 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

Legal Domicile

Principal Officer

JAMES C TODD IV

Phone

8649843568

Tax Period

2023-07-01 to 2024-06-30

LAURENS EDUCATION ASSISTANCE FOR DISTRICT NO 55 is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2023.

Mission

THE LAURENS EDUCATION ASSISTANCE FOR DISTRICT NO. 55 ("LEAD") CORPORATION IS A NOT-FOR-PROFIT 501(C)(3) ORGANIZATION INCORPORATED FOR THE SPECIFIC PURPOSE OF SERVING AS A "SUPPORT ORGANIZATION" FOR CAPITAL PROJECTS OF THE DISTRICT. THE ACTIVITY OF LEAD INCLUDES THE FINANCING AND CONSTRUCTION OF SCHOOL FACILITIES THAT WILL BE PURCHASED BY THE DISTRICT.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $3,102,367

TOTAL REVENUE $3,102,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,102,367

Other Expenses $3,102,367

TOTAL EXPENSES $3,102,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,102,367	$3,119,788	0.0%
Expenses	$3,102,367	$3,119,788	0.0%
Net Income	$0	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATSY CASEY	EXECUTIVE CO	1.00	Director	$0	$0	$0
BRYANT CHEEK	DIRECTOR	1.00	Director	$0	$0	$0
JAMES C TODD IV	CHAIR	1.00	Director	$0	$0	$0
WILAMENA JONES	SECRETARY/TR	1.00	Director	$0	$0	$0
ERNIE SEGARS	VICE CHAIR	1.00	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	$3,102,367	$3,102,367	No data	No data
2023	$3,119,788	$3,119,788	No data	No data
2022	$3,122,038	$3,122,038	No data	No data
2021	$3,123,838	$3,123,912	No data	$-74
2020	$1,485,103	$1,516,412	$74	$-31,309
2019	$1,521,089	$1,516,663	$31,383	$4,426

LAURENS EDUCATION ASSISTANCE FOR DISTRICT NO 55