LABETTE COMMUNITY COLLEGE FOUNDATION AND ALUMNI ASSOCIATION (EIN 237368883) - 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

1972

Legal Domicile

Principal Officer

LINDI FORBES

Phone

6204216700

Tax Period

2024-07-01 to 2025-06-30

LABETTE COMMUNITY COLLEGE FOUNDATION AND ALUMNI ASSOCIATION, founded in 1972, is a small nonprofit in the Education sector that reported $430K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $758K exceeded revenue, resulting in a 76% operating deficit.

Mission

OUR PURPOSE IS TO SUPPORT PROGRAMS OF THE COLLEGE BY RAISING PRIVATE GIFTS FROM ALUMNI, FRIENDS, AND CORPORATIONS. GIFTS ARE USED FOR: SCHOLARSHIPS, FACULTY PROFESSIONAL DEVELOPMENT, COLLEGE DEPARTMENTS, STUDENT ACTIVITIES, COMMUNITY OUTREACH, AND CURRENT OPERATIONS.

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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 $256,273

Program Service Revenue $0

Investment Income $110,002

Other Revenue $64,046

TOTAL REVENUE $430,321

Expense Breakdown

Grants Paid $516,953

Salaries & Benefits $0

Fundraising Expenses $76,804

Program Expenses $516,953

Other Expenses $240,622

TOTAL EXPENSES $757,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$430,321	$248,509	+0.7%
Expenses	$757,575	$316,760	+1.4%
Net Income	$-327,254	$-68,251	+3.8%

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

N/A

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

$70,061

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JR KEENE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM GILPIN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
COLEEN CARTER	SECRETARY	1.00	Officer Director	$0	$0	$0
SHERRY DUNLAY	SECRETARY	1.00	Officer Director	$0	$0	$0
JESSICA RUSH	DIRECTOR	1.00	Director	$0	$0	$0
LORRAINE EVERT	DIRECTOR	1.00	Director	$0	$0	$0
GARY GOODNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS DODD	DIRECTOR	1.00	Director	$0	$0	$0
KANAK PATEL	DIRECTOR	1.00	Director	$0	$0	$0
JANICE EVERY	DIRECTOR	1.00	Director	$0	$0	$0
BEN COCHRAN	DIRECTOR	1.00	Director	$0	$0	$0
SADIE EBERSOLE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE REITEMEIER	DIRECTOR	1.00	Director	$0	$0	$0
LINDI FORBES	FOUNDATION D	40.00	Officer	$0	$0	$70,061

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	$430,321	$757,575	$3,411,395	$-327,254
2024	$248,509	$316,760	$3,609,016	$-68,251
2023	$377,148	$369,749	$3,559,361	$7,399
2022	$749,910	$2,611,392	$3,484,837	$-1,861,482
2021	$1,279,691	$710,924	$5,955,381	$568,767
2020	$744,450	$451,539	$5,318,911	$292,911
2019	$1,460,882	$242,240	$5,056,680	$1,218,642
2018	$613,987	$538,149	$3,904,660	$75,838

LABETTE COMMUNITY COLLEGE FOUNDATION AND ALUMNI ASSOCIATION