EDUCATIONAL FACILITIES CORPORATION FOR LEXINGTON SCHOOL DISTRICT NO 2 (EIN 205119042) - 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

2006

Legal Domicile

Principal Officer

DONNIE BOLAND

Phone

8037964708

Tax Period

2024-07-01 to 2025-06-30

EDUCATIONAL FACILITIES CORPORATION FOR LEXINGTON SCHOOL DISTRICT NO 2, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.1M in total revenue in fiscal year 2024. The organization ran a surplus of $1.8M, a strong 82% operating margin.

Mission

TO ACQUIRE, CONSTRUCT, FINANCE, PLEDGE, IMPROVE, MAINTAIN, OPERATE, MANAGE, LEASE, AND DISPOSE OF SCHOOL BUILDINGS AND OTHER PUBLIC EDUCATION FACILITIES FOR THE USE AND BENEFIT OF LEXINGTON COUNTY SCHOOL DISTRICT TWO.

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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 $0

Program Service Revenue $2,132,712

Investment Income $15,795

Other Revenue $0

TOTAL REVENUE $2,148,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $377,287

Other Expenses $377,287

TOTAL EXPENSES $377,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,148,507	$2,146,624	+0.0%
Expenses	$377,287	$474,428	-0.2%
Net Income	$1,771,220	$1,672,196	+0.1%

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

$469,009

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA HAFNER	SUPERINTENDE	0.25	Officer	$0	$60,324	$269,807
SKY STRICKLAND	CFO LCSD2	0.25	Officer	$0	$49,793	$199,202
DONNIE BOLAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
JATANA NORRIS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BRANDI GIST	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID LOADHOLT	TREASURER	1.00	Officer 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	$2,148,507	$377,287	$12,095,344	$1,771,220
2024	No data	No data	No data	No data
2023	$2,140,750	$524,744	$15,556,538	$1,616,006
2022	$2,158,840	$626,803	$17,164,607	$1,532,037
2021	$2,158,056	$2,162,434	$17,713,387	$-4,378
2020	$2,185,553	$2,204,096	$19,107,765	$-18,543
2019	$2,202,522	$2,202,909	$20,466,252	$-387
2018	$2,182,000	$2,182,597	$21,801,639	$-597

EDUCATIONAL FACILITIES CORPORATION FOR LEXINGTON SCHOOL DISTRICT NO 2