LARC SCHOOL INC D/B/A THE LARC NORCROSS SCHOOL (EIN 221978787) - 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

1968

Legal Domicile

Principal Officer

EDWARD MCDONNELL

Phone

8569333725

Tax Period

2024-07-01 to 2025-06-30

LARC SCHOOL INC D/B/A THE LARC NORCROSS SCHOOL, founded in 1968, is a community nonprofit in the Education sector that reported $9.8M in total revenue in fiscal year 2024.

Mission

LARC SCHOOL STRIVES TO MEET THE NEEDS OF ALL STUDENTS AND ADULTS WITH VARYING DISABILITIES IN A DIGNIFIED MANNER BY PROVIDING OPPORTUNITIES FOR GROWTH, DEVELOPMENT AND MOST IMPORTANTLY, INDEPENDENCE.

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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 $779,392

Program Service Revenue $8,796,492

Investment Income $307,022

Other Revenue $-97,375

TOTAL REVENUE $9,785,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,133,098

Fundraising Expenses $124,977

Program Expenses $8,126,436

Other Expenses $1,923,708

TOTAL EXPENSES $10,056,806

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,785,531	$9,732,619	+0.0%
Expenses	$10,056,806	$9,645,829	+0.0%
Net Income	$-271,275	$86,790	-4.1%

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

173

Volunteers

200

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

$213,889

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD MCDONNELL	CHAIRPERSON	0.15	Officer Director	$0	$0	$0
JAMES H RHODES	VICE CHAIRPERSON	0.15	Officer Director	$0	$0	$0
GERI SPENCER	SECRETARY	0.15	Officer Director	$0	$0	$0
CHARLES HIGGINS	TREASURER	0.15	Officer Director	$0	$0	$0
REGINALD F BECKETT	DIRECTOR	0.15	Director	$0	$0	$0
PATRICIA EGAN JONES	DIRECTOR	0.15	Director	$0	$0	$0
PEPE PIPERNO	DIRECTOR	0.15	Director	$0	$0	$0
JAMES J MADDEN	DIRECTOR	0.15	Director	$0	$0	$0
KATE MCDONNELL	DIRECTOR	0.15	Director	$0	$0	$0
LEXIE NORCROSS	DIRECTOR	0.15	Director	$0	$0	$0
JAMEKA WALKER	DIRECTOR	0.15	Director	$0	$0	$0
STEFANIE RIEHL	EXECUTIVE DIRECTOR	40.00	Officer	$191,541	$22,348	$213,889
JACLYN A BUECHELE	PHYSICAL THERAPIST	35.00	Highest	$131,740	$12,142	$143,882
ROXANE ADAMS	SPEECH THERAPIST	35.00	Highest	$163,528	$21,381	$184,909
PAULA RIVELL	SPEECH THERAPIST	35.00	Highest	$125,068	$3,935	$129,003
BARI UNGERLEIDER	SPEECH THERAPIST	35.00	Highest	$125,068	$3,935	$129,003
KAREN BRIGGS	BUSINESS MANAGER	40.00	Highest	$116,133	$3,756	$119,889

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	$9,785,531	$10,056,806	$14,237,770	$-271,275
2024	$9,732,619	$9,645,829	$13,991,994	$86,790
2023	$9,183,495	$8,884,886	$13,544,572	$298,609
2022	$8,756,642	$8,219,376	$13,930,266	$537,266
2021	$7,808,019	$7,493,767	$15,545,945	$314,252
2020	$7,633,421	$7,744,161	$12,397,203	$-110,740
2019	$8,038,170	$7,253,802	$12,279,946	$784,368

LARC SCHOOL INC D/B/A THE LARC NORCROSS SCHOOL