L B SMITH ESTATE FOUNDATION INC (EIN 237245421) - 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

1975

Legal Domicile

Principal Officer

DALLAS ZULLI

Phone

7177310207

Tax Period

2023-01-01 to 2023-12-31

L B SMITH ESTATE FOUNDATION INC, founded in 1975, is a small nonprofit that reported $336K in total revenue in fiscal year 2023. Expenses of $391K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDE GRANTS TO ORGANIZATIONS FOR CULTURAL, MEDICAL AND EDUCATIONAL ACTIVITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $268,637

Program Service Revenue $0

Investment Income $66,982

Other Revenue $0

TOTAL REVENUE $335,619

Expense Breakdown

Grants Paid $371,514

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $371,514

Other Expenses $19,437

TOTAL EXPENSES $390,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$335,619	$340,597	0.0%
Expenses	$390,951	$338,777	+0.2%
Net Income	$-55,332	$1,820	-31.4%

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

N/A

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
RICHARD E JORDAN III	PRESIDENT	0.50	Officer Director	$0	$0	$0
DALLAS ZULLI	EXECUTIVE VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JAMES W GALLOWAY III	SECRETARY	0.50	Officer Director	$0	$0	$0
CRICKET GATES	TREASURER	0.50	Officer	$0	$0	$0
TIMOTHY P HANLON	VICE PRESIDENT	0.50	Officer	$0	$0	$0
HOMER S HETRICK	VICE PRESIDENT	0.50	Officer	$0	$0	$0
LBS HETRICK	ASSISTANT SECRETARY	0.50	Officer	$0	$0	$0
DAVID W HUTTON	ASSISTANT SECRETARY	0.50	Officer	$0	$0	$0
RICHARD E JORDAN II	VICE PRESIDENT	0.50	Officer	$0	$0	$0
SPENCER G NAUMAN JR	VICE PRESIDENT	0.50	Officer	$0	$0	$0
HEATHER STORMIN	ASSISTANT TREASURER	0.50	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
2024	No data	No data	No data	No data
2023	$335,619	$390,951	$6,887,769	$-55,332
2022	$340,597	$338,777	$6,650,117	$1,820
2021	$445,055	$361,363	$7,223,802	$83,692
2020	$336,217	$372,899	$6,913,024	$-36,682
2019	$962,092	$392,477	$6,856,865	$569,615
2018	$365,145	$289,294	$6,449,029	$75,851

L B SMITH ESTATE FOUNDATION INC