LEADACHILD SOCIETY

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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

Tax Period

2023-11-01 to 2024-10-31

LEADACHILD SOCIETY, founded in 1968, is a small nonprofit in the Education sector that reported $457K in total revenue in fiscal year 2023. Net assets of $1.6M represent 43 months of operating reserves.

Mission

TO PROVIDE GRANTS AND SCHOLARSHIP SUPPORT TO DESERVING SCHOOLS ALL ACROSS THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $316,414

TO PROVIDE SCHOLARSHIP SUPPORT FOR LUTHERAN MISSION SCHOOLS IN VARIOUS COUNTRIES. THERE ARE CURRENTLY OVER 50 PROJECTS IN 28 COUNTRIES IN LATIN AMERICA, ASIA, THE CARIBBEAN, WEST AFRICA & THE MIDDLE EAST. OVER 6,000 CHILDREN OF PRIMARY & SECONDARY LEVELS ARE BEING SUPPORTED IN THEIR EDUCATION THROUGH THIS PROGRAM.

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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 $346,123

Program Service Revenue $70,874

Investment Income $40,172

Other Revenue $0

TOTAL REVENUE $457,169

Expense Breakdown

Grants Paid $220,000

Salaries & Benefits $87,206

Fundraising Expenses $90,432

Program Expenses $316,414

Other Expenses $179,932

TOTAL EXPENSES $487,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$457,169	$477,211	0.0%
Expenses	$487,138	$437,070	+0.1%
Net Income	$-29,969	$40,141	-1.7%

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

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

$121,251

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP FRUSTI	EXECUTIVE DIRECTOR	40.00	Key Emp	$91,000	$30,251	$121,251
LORI SAVING	BOARD MEMBER	3.00	Director	$0	$0	$0
JIM CURRAN	IMMEDIATE PAST PRESIDENT	3.00	Director	$0	$0	$0
RANDY KANOY	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE HAVERKAMP	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY JANKOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
REV JEREMY KLAUSTERMEIER	BOARD MEMBER	1.00	Director	$0	$0	$0
KENT WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK ZILLINGER	PRESIDENT	3.00	Officer 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	$457,169	$487,138	$1,621,685	$-29,969
2023	$477,211	$437,070	$1,354,907	$40,141
2022	$469,860	$541,477	$1,445,325	$-71,617
2021	$780,600	$492,301	$1,537,744	$288,299
2020	$420,582	$480,139	$1,200,211	$-59,557
2019	$736,833	$518,990	$1,266,152	$217,843
2018	$480,386	$565,631	$879,506	$-85,245