WEST LAFAYETTE SCHOOLS EDUCATION FOUNDATION INC (EIN 203896778) - 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

2005

Legal Domicile

Principal Officer

BRAD COHEN

Phone

7657461602

Tax Period

2024-07-01 to 2025-06-30

WEST LAFAYETTE SCHOOLS EDUCATION FOUNDATION INC, founded in 2005, is a small nonprofit in the Education sector that reported $959K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 110% operating deficit.

Mission

THE PURPOSE OF THE WEST LAFAYETTE SCHOOLS EDUCATION FOUNDATION SHALL BE PURSUANT TO I.C. 2026-5-22-.5 AND SHALL PROVIDE FUNDS FOR TEACHER EDUCATION, CAPITAL PROGRAMS, SPECIAL PROGRAMS, AND SCHOLARSHIPS FOR THE WEST LAFAYETTE SCHOOL CORPORATION.

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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 $813,648

Program Service Revenue $0

Investment Income $166,379

Other Revenue $-20,969

TOTAL REVENUE $959,058

Expense Breakdown

Grants Paid $136,462

Salaries & Benefits $76,086

Fundraising Expenses $0

Program Expenses $1,866,560

Other Expenses $1,803,391

TOTAL EXPENSES $2,015,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$959,058	$503,891	+0.9%
Expenses	$2,015,939	$213,926	+8.4%
Net Income	$-1,056,881	$289,965	-4.6%

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

$83,563

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDI AILOR	EXECUTIVE DI	40.00	Officer	$0	$23,147	$83,563
BRAD COHEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICK JONES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SUE LASATER	TREASURER	1.00	Officer Director	$0	$0	$0
MARY BETH WHITMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
LAUREN ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
BETH BANGS	DIRECTOR	1.00	Director	$0	$0	$0
TANYA FINKBINER	DIRECTOR	1.00	Director	$0	$0	$0
MARIA KOLIANTZ	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY LYLE	DIRECTOR	1.00	Director	$0	$0	$0
JIM MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
BILL PRICE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER RIDER	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL WITT	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN GREINER	EX-OFFICIO	1.00	Officer	$0	$0	$0
MICHELLE CRONK	EX-OFFICIO	1.00	Officer	$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	$959,058	$2,015,939	$2,394,617	$-1,056,881
2024	$503,891	$213,926	$3,355,495	$289,965
2023	$412,204	$202,346	$2,957,006	$209,858
2022	$481,229	$341,512	$2,670,426	$139,717
2021	$419,378	$201,568	$2,818,863	$217,810
2020	$427,562	$297,567	$2,445,736	$129,995
2019	$1,639,250	$224,000	$2,300,699	$1,415,250

WEST LAFAYETTE SCHOOLS EDUCATION FOUNDATION INC