The Leelanau School (EIN 386061392) - Form 990 Financial Analysis & Trantor Score

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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

1929

Legal Domicile

Principal Officer

Robert Hansen

Phone

2313345800

Tax Period

2023-07-01 to 2024-06-30

The Leelanau School, founded in 1929, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE LEELANAU SCHOOL IGNITES A PASSION FOR LEARNING IN A BOARDING SCHOOL WHERE STUDENTS THRIVE BY ENGAGING ACADEMICALLY AND BY CELEBRATING EVERYONES UNIQUE LEARNING STYLES IN A CULTURE OF ACCEPTANCE LEADING TO SUCCESSFULL AND MEANINGFUL LIVES IN COLLEGE AND BEYOND.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $427,808

Program Service Revenue $2,407,091

Investment Income $43,554

Other Revenue $15,677

TOTAL REVENUE $2,894,130

Expense Breakdown

Grants Paid $382,208

Salaries & Benefits $2,237,932

Fundraising Expenses $0

Program Expenses $2,648,796

Other Expenses $896,559

TOTAL EXPENSES $3,516,699

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,894,130	$3,497,192	-0.2%
Expenses	$3,516,699	$3,645,335	0.0%
Net Income	$-622,569	$-148,143	+3.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$275,575

Total Directors

$54,786

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE HOOD	STAFF REPRESENTATIVE TRUS	40.00	Director	$41,992	$12,794	$54,786
DR MARY BETH HARDWICKE	CHAIR	5.00	Officer Director	$0	$0	$0
JOAN CONWAY	VICE CHAIR	3.00	Officer Director	$0	$0	$0
GRETCHEN KNOBLOCK	SECRETARY	3.00	Officer Director	$0	$0	$0
NORM WHEELER	TRUSTEE	3.00	Officer Director	$0	$0	$0
PATRICIA DENTON	TRUSTEE	3.00	Director	$0	$0	$0
WILLIAM WINSLOW	TRUSTEE	3.00	Director	$0	$0	$0
PETER CLAYBAKER	TRUSTEE	3.00	Director	$0	$0	$0
BARBARA GARROW	TRUSTEE	3.00	Director	$0	$0	$0
AMEN VARTIAN	TRUSTEE	3.00	Director	$0	$0	$0
JOSEPH LARKIN	TRUSTEE	3.00	Director	$0	$0	$0
PATRICIA RICHARDS	TRUSTEE EMERITUS	3.00	Director	$0	$0	$0
ROBERT HANSEN	HEADMASTER PRESIDENT	40.00	Officer	$129,863	$24,000	$153,863
VIRGINIA DEISLER	CFO	40.00	Officer	$108,718	$12,994	$121,712

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	$2,894,130	$3,516,699	$3,688,458	$-622,569
2023	$3,497,192	$3,645,335	$4,173,269	$-148,143
2022	$4,222,476	$3,083,047	$4,586,494	$1,139,429
2021	$2,969,206	$3,018,739	$3,732,229	$-49,533
2020	$3,011,758	$3,004,452	$3,260,373	$7,306
2019	$2,661,556	$2,942,703	$2,992,744	$-281,147
2018	$2,906,441	$3,076,967	$3,220,114	$-170,526

The Leelanau School