LOCAL FIRST EDUCATIONAL FOUNDATION

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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

2006

Legal Domicile

Principal Officer

CARLOS MARTINEZ

Phone

6168083788

Tax Period

2025-01-01 to 2025-12-31

LOCAL FIRST EDUCATIONAL FOUNDATION, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $586K in total revenue in fiscal year 2025. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $699K exceeded revenue, resulting in a 19% operating deficit.

Mission

WE LEAD THE DEVELOPMENT OF AN ECONOMY GROUNDED IN LOCAL OWNERSHIP THAT MEETS THE BASIC NEEDS OF PEOPLE, BUILDS LOCAL WEALTH AND SOCIAL CAPITAL, FUNCTIONS IN HARMONY WITH OUR ECOSYSTEM, AND ENCOURAGES JOYFUL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $308,297 Revenue: $18,672

LOCAL FIRST EDUCATION FOUNDATION CONDUCTS COMMUNITY EDUCATION EVENTS, INCLUDING OUR GOOD FOR MICHIGAN PROGRAM, TO EDUCATE BUSINESS ON HOW TO IMPROVE THEIR, SOCIAL, ENVIRONMENTAL AND EMPLOYEE IMPACT, AND WE FACILITATE CONVERSATIONS ABOUT LOCAL OWNERSHIP AND LOCAL INVESTMENT BUILDS A MORE RESILIENT ECONOMY

Program 2

Expenses: $23,120

LOCAL FIRST EDUCATION FOUNDATION WORKS WITH LOCAL BUSINESS TO HELP EDUCATE AND IMPLEMENT SUSTAINABLE BUSINESS PRACTICES AND HOW THESE PRACTICES BUILD THE COMPONENTS OF A MORE SUSTAINABLE ECONOMY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $579,277

Program Service Revenue $18,672

Investment Income $0

Other Revenue $-11,786

TOTAL REVENUE $586,163

Expense Breakdown

Grants Paid $23,120

Salaries & Benefits $324,892

Fundraising Expenses $144,616

Program Expenses $331,417

Other Expenses $351,440

TOTAL EXPENSES $699,452

Year-over-Year Comparison

	2025	2024	Change
Revenue	$586,163	$972,764	-0.4%
Expenses	$699,452	$879,468	-0.2%
Net Income	$-113,289	$93,296	-2.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY KARAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
SAMUEL SEDLECKY	TREASURER	1.00	Officer Director	$0	$0	$0
CARLOS MARTINEZ	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KAYLEE MORENO BURKE	SECRETARY	1.00	Officer Director	$0	$0	$0
KYAMA KITAVI	BOARD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN COCHRAN	BOARD MEMBER	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	$586,163	$699,452	$39,731	$-113,289
2024	$972,764	$879,468	$153,020	$93,296
2023	$506,027	$657,928	$61,474	$-151,901
2022	$389,138	$397,308	$214,465	$-8,170
2021	$224,548	$298,028	$221,915	$-73,480
2020	$421,645	$351,421	$294,675	$70,224
2019	$528,507	$378,132	$224,189	$150,375
2018	$255,954	$274,281	$98,769	$-18,327