THE LAURITSEN FAMILY FOUNDATION

EIN: 371327725 501(c)(3)

URBANA, IL

Total Revenue
$4,807
Total Expenses
$844,325
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IL
Principal Officer
JAMES E LAURITSEN
Phone
2173338696
Tax Period
2019-01-01 to 2019-12-31

THE LAURITSEN FAMILY FOUNDATION, founded in 1994, is a micro nonprofit that reported $5K in total revenue in fiscal year 2019. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $844K exceeded revenue, resulting in a 17464% operating deficit.

Mission

THE FOUNDATION IS ORGANIZED TO SUPPORT THE ACTIVITIES, MISSIONS, AND PURPOSES OF LEES-MCRAE COLLEGE AND THE UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $4,807
Other Revenue $0
TOTAL REVENUE $4,807

Expense Breakdown

Grants Paid $841,872
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $841,872
Other Expenses $2,453
TOTAL EXPENSES $844,325

Year-over-Year Comparison

2019 2018 Change
Revenue $4,807 $94,853 -0.9%
Expenses $844,325 $61,553 +12.7%
Net Income $-839,518 $33,300 -26.2%
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

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES E LAURITSEN PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIAM T STURTEVANT SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
STUART M STRAIT DIRECTOR 1.00
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
2019 $4,807 $844,325 No data $-839,518
2018 $94,853 $61,553 $714,681 $33,300
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