LAPORTE MULTI-SCHOOL BUILDING CORP

EIN: 351726295

LAPORTE, IN

Total Revenue
$2,225,008
Total Expenses
$2,248,858
Total Assets
$114,013,732
Net Assets
$46,283,805
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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
1989
Legal Domicile
IN
Principal Officer
DALE PARKISON
Phone
2193627056
Tax Period
2024-01-01 to 2024-12-31

LAPORTE MULTI-SCHOOL BUILDING CORP, founded in 1989, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Net assets of $46.3M represent 250 months of operating reserves.

Mission

PROVIDE PUBLIC EDUCATION FACILITIES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $24,375
Other Revenue $2,200,633
TOTAL REVENUE $2,225,008

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,248,858
Other Expenses $2,248,858
TOTAL EXPENSES $2,248,858

Year-over-Year Comparison

2024 2023 Change
Revenue $2,225,008 $5,569,113 -0.6%
Expenses $2,248,858 $2,379,070 -0.1%
Net Income $-23,850 $3,190,043 -1.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT HAMILTON VICE PRESIDE N/A
Officer
$0 $0 $0
DALE PARKISON PRESIDENT N/A
Officer
$0 $0 $0
SCOTT SIEFKER SECRETARY N/A
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 $2,225,008 $2,248,858 $114,013,732 $-23,850
2023 $5,569,113 $2,379,070 $118,197,420 $3,190,043
2022 $360,467 $2,474,759 $119,187,214 $-2,114,292
2021 $3,738,431 $2,536,779 $125,526,344 $1,201,652
2020 $7,375,015 $2,619,797 $128,469,529 $4,755,218
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