LENAWEE COUNTY EDUCATION FOUNDATION

EIN: 382644523 501(c)(3)

ADRIAN, MI

Total Revenue
$326,564
Total Expenses
$401,288
Total Assets
$1,342,865
Net Assets
$1,342,865
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MI
Phone
5172651640
Tax Period
2023-07-01 to 2024-06-30

LENAWEE COUNTY EDUCATION FOUNDATION, founded in 1985, is a small nonprofit that reported $327K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $401K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE FOUNDATION'S PRIMARY OBJECTIVE IS TO RECEIVE AND DISBURSE FUNDS, PROPERTY AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF THE LENAWEE INTERMEDIATE SCHOOL DISTRICT AND ITS EDUCATIONAL SYSTEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $217,628
Program Service Revenue $0
Investment Income $68,534
Other Revenue $40,402
TOTAL REVENUE $326,564

Expense Breakdown

Grants Paid $396,944
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $396,944
Other Expenses $4,344
TOTAL EXPENSES $401,288

Year-over-Year Comparison

2023 2022 Change
Revenue $326,564 $878,796 -0.6%
Expenses $401,288 $292,390 +0.4%
Net Income $-74,724 $586,406 -1.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
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
5
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAROL BOLTON TRUSTEE 0.50
Director
$0 $0 $0
MARCY BROWN VICE CHAIRMA 0.50
Officer Director
$0 $0 $0
PAM VAN DOREN TRUSTEE 0.50
Director
$0 $0 $0
N/A TRUSTEE 0.50
Director
$0 $0 $0
DOUG GRAY TRUSTEE 0.50
Director
$0 $0 $0
KELLI GROEB-PETERS TRUSTEE 0.50
Director
$0 $0 $0
DAVID HICKMAN TREASURER 0.50
Officer Director
$0 $0 $0
JIM MCCLELLAN JR TRUSTEE 0.50
Director
$0 $0 $0
BRONNA KAHLE TRUSTEE 0.50
Director
$0 $0 $0
TODD MARSHALL TRUSTEE 0.50
Director
$0 $0 $0
N/A SECRETARY 0.50
Officer Director
$0 $0 $0
KATHRYN M MOHR TRUSTEE 0.50
Director
$0 $0 $0
JAN PARSON TRUSTEE 0.50
Director
$0 $0 $0
N/A CHAIRMAN 0.50
Officer Director
$0 $0 $0
ROD PENDER TRUSTEE 0.50
Director
$0 $0 $0
THERESA POWERS TRUSTEE 0.50
Director
$0 $0 $0
N/A TRUSTEE 0.50
Director
$0 $0 $0
DAVID THOMAS TRUSTEE 0.50
Director
$0 $0 $0
JOE WILLIAMS TRUSTEE 0.50
Director
$0 $0 $0
JOHN J WANKE EXECUTIVE DI 0.50
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
2025 No data No data No data No data
2024 $326,564 $401,288 $1,342,865 $-74,724
2023 $878,796 $292,390 $1,398,512 $586,406
2022 $289,809 $292,614 $798,787 $-2,805
2021 $252,379 $232,916 $847,682 $19,463
2020 $204,511 $230,660 $794,724 $-26,149
2019 $369,808 $307,411 $818,222 $62,397
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