Lowell Area Schools Education Foundation

EIN: 383251960 501(c)(3) Education

Lowell, MI

Total Revenue
$31,795
Total Expenses
$33,292
Total Assets
$510,250
Net Assets
$489,398
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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
1995
Legal Domicile
MI
Principal Officer
Stephanie Cleaver
Phone
6169872500
Tax Period
2024-07-01 to 2025-06-30

Lowell Area Schools Education Foundation, founded in 1995, is a micro nonprofit in the Education sector that reported $32K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $489K represent 185 months of operating reserves.

Mission

To provide funding for innovative learning and enhanced programs for the students of Lowell Area Schools

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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 $31,531
Program Service Revenue $0
Investment Income $264
Other Revenue $0
TOTAL REVENUE $31,795

Expense Breakdown

Grants Paid $26,350
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $26,350
Other Expenses $6,942
TOTAL EXPENSES $33,292

Year-over-Year Comparison

2024 2023 Change
Revenue $31,795 $37,000 -0.1%
Expenses $33,292 $29,844 +0.1%
Net Income $-1,497 $7,156 -1.2%
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
13
Independent Members
13
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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Parker Liu Chair N/A
Officer Director
$0 $0 $0
Amanda Schrauben Vice Chair N/A
Officer Director
$0 $0 $0
Stephanie Cleaver Treasurer N/A
Officer Director
$0 $0 $0
Jessica Curtis Secretary N/A
Officer Director
$0 $0 $0
Pat Nugent Board of Education Representative N/A
Director
$0 $0 $0
Nate Fowler Lowell Area Schools Superintendent N/A
Director
$0 $0 $0
Melissa Bailey Trustee N/A
Director
$0 $0 $0
Emily Betz Trustee N/A
Director
$0 $0 $0
Tim Dimmick Trustee N/A
Director
$0 $0 $0
Heather Gray Trustee N/A
Director
$0 $0 $0
David Kapolka Trustee N/A
Director
$0 $0 $0
Cindy Johnston Trustee N/A
Director
$0 $0 $0
Alice Stone Trustee N/A
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
2025 $31,795 $33,292 $510,250 $-1,497
2024 $37,000 $29,844 $466,543 $7,156
2023 $39,668 $32,491 $415,419 $7,177
2022 $34,804 $28,842 $380,170 $5,962
2021 $32,368 $29,314 $415,377 $3,054
2020 $37,649 $31,909 $340,704 $5,740
2019 $34,310 $28,875 $333,991 $5,435
2018 $34,916 $25,898 $317,559 $9,018
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