THE LATTA SCHOOLS EDUCATIONAL FOUNDATION INC (EIN 262010653) - 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

2008

Legal Domicile

Principal Officer

KYLE BERRY

Phone

8437527101

Tax Period

2024-07-01 to 2025-06-30

THE LATTA SCHOOLS EDUCATIONAL FOUNDATION INC, founded in 2008, is a small nonprofit in the Education sector that reported $214K in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $201K left a modest 6% surplus.

Mission

TO IMPROVE THE EDUCATIONAL ENVIRONMENT IN THE SCHOOL DISTRICT AREA OF LATTA, SC.

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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 $187,024

Program Service Revenue $0

Investment Income $1,737

Other Revenue $25,500

TOTAL REVENUE $214,261

Expense Breakdown

Grants Paid $66,155

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,052

Other Expenses $135,099

TOTAL EXPENSES $201,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,261	$126,314	+0.7%
Expenses	$201,254	$179,681	+0.1%
Net Income	$13,007	$-53,367	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
KYLE BERRY	CHAIRMAN	Director	$0	$0	$0
HAROLD KORNBLUT	BOARD MEMBER	Director	$0	$0	$0
LAFON LEGETTE	BOARD MEMBER	Director	$0	$0	$0
BETTY JO JOHNSON	BOARD MEMBER	Director	$0	$0	$0
MARTHA HEYWARD	BOARD MEMBER	Director	$0	$0	$0
STEPHANIE ARD	BOARD MEMBER	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	$214,261	$201,254	$3,870,454	$13,007
2024	$126,314	$179,681	$3,869,306	$-53,367
2023	$248,170	$250,713	$3,908,252	$-2,543
2022	$216,165	$234,596	$4,098,776	$-18,431
2021	$625,592	$233,041	$4,369,597	$392,551
2020	$277,323	$224,352	$4,073,545	$52,971
2019	$370,271	$226,672	$4,182,423	$143,599

THE LATTA SCHOOLS EDUCATIONAL FOUNDATION INC