GREATER LAFAYETTE COMMUNITY FOUNDATION (EIN 237147996) - 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

1970

Legal Domicile

Principal Officer

WILLIAM DAVID LASATER

Phone

7657429078

Tax Period

2024-01-01 to 2024-12-31

GREATER LAFAYETTE COMMUNITY FOUNDATION, founded in 1970, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $12.2M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.3M, a strong 60% operating margin.

Mission

THE MISSION OF THE COMMUNITY FOUNDATION OF GREATER LAFAYETTE IS TO INSPIRE, NUTURE, AND PRACTICE PHILANTHROPY, STEWARDSHIP, AND LEADERSHIP IN THE COMMUNITIES WE SERVE.

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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 $6,042,179

Program Service Revenue $17,052

Investment Income $6,092,911

Other Revenue $23,966

TOTAL REVENUE $12,176,108

Expense Breakdown

Grants Paid $3,763,829

Salaries & Benefits $727,929

Fundraising Expenses $367,052

Program Expenses $4,177,630

Other Expenses $415,043

TOTAL EXPENSES $4,906,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,176,108	$8,924,466	+0.4%
Expenses	$4,906,801	$4,436,421	+0.1%
Net Income	$7,269,307	$4,488,045	+0.6%

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

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

$225,619

Total Directors

$225,619

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM DAVID LASATER	PRESIDENT	40.00	Officer Director	$201,017	$24,602	$225,619
STEVE SCHULTZ	CHAIR	1.00	Officer Director	$0	$0	$0
BRENDA CLAPPER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JIM GOTHARD	TREASURER	1.00	Officer Director	$0	$0	$0
SHEILA COCHRAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JEANNE GERNHARDT	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN GREINER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES KEENE	DIRECTOR	1.00	Director	$0	$0	$0
KARISSA MOONEY	DIRECTOR	1.00	Director	$0	$0	$0
UMESH PATEL	DIRECTOR	1.00	Director	$0	$0	$0
GREG SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CASEY SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
JASON WARE	DIRECTOR	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
2024	$12,176,108	$4,906,801	$103,140,840	$7,269,307
2023	$8,924,466	$4,436,421	$91,703,275	$4,488,045
2022	$8,187,498	$4,004,198	$79,056,945	$4,183,300
2021	$7,786,993	$3,127,116	$89,165,772	$4,659,877
2020	$3,735,155	$3,190,531	$75,751,966	$544,624
2019	$6,209,408	$2,972,952	$70,324,355	$3,236,456
2018	$8,409,618	$2,624,592	$59,536,159	$5,785,026

GREATER LAFAYETTE COMMUNITY FOUNDATION