LAVERNE ELEMENTARY PREP ACADEMY FOUNDATION

EIN: 371854710 501(c)(3) Education

HESPERIA, CA

Total Revenue
$2,895,334
Total Expenses
$662,773
Total Assets
$13,282,034
Net Assets
$1,538,803
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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
2017
Legal Domicile
CA
Principal Officer
DEBRA TARVER
Tax Period
2020-07-01 to 2021-06-30

LAVERNE ELEMENTARY PREP ACADEMY FOUNDATION, founded in 2017, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2020. Revenue surged 2592% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 77% operating margin.

Mission

PROVIDE SUPPLEMENTAL EDUCATION AND FACILITES FINANCIAL SUPPORT FOR LAVERNE ELEMENTARY PREPARATORY ACADEMY

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $114
Other Revenue $2,895,220
TOTAL REVENUE $2,895,334

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $662,773
Other Expenses $662,773
TOTAL EXPENSES $662,773

Year-over-Year Comparison

2020 2019 Change
Revenue $2,895,334 $107,545 +25.9%
Expenses $662,773 $662,772 +0.0%
Net Income $2,232,561 $-555,227 -5.0%
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
2
Independent Members
2
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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN LEE CFO 2.00
Officer Director
$0 $0 $0
DEBRA TARVER CEO 2.00
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
2021 $2,895,334 $662,773 $13,282,034 $2,232,561
2020 $107,545 $662,772 $11,890,946 $-555,227
2019 $71,203 $209,734 $11,766,317 $-138,531
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