LAKELAND UNIVERSITY FOUNDATION INC

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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

1989

Legal Domicile

Principal Officer

ELIZABETH BORGEN

Phone

9205651000

Tax Period

2024-07-01 to 2025-06-30

LAKELAND UNIVERSITY FOUNDATION INC, founded in 1989, is a small nonprofit that reported $909K in total revenue in fiscal year 2024. Revenue surged 225% from the prior year, signaling strong growth momentum. The organization ran a surplus of $422K, a strong 46% operating margin.

Mission

LAKELAND UNIVERSITY FOUNDATION INC SOLICITS DONATIONS ON BEHALF OF LAKELAND UNIVERSITY FOR FUNDS THAT ARE ENDOWED TO SUBSIDIZE SCHOLARSHIPS, PROFESSORSHIPS, AND OPERATIONS ISSUED/USED BY THE UNIVERSITY USING INVESTMENT INCOME.

Program Service Accomplishments

Program 1

Expenses: $332,092

SCHOLARSHIP PROGRAMS: LAKELAND UNIVERSITY ISSUED SCHOLARSHIPS TO STUDENTS ATTENDING LAKELAND UNIVERSITY DURING THE ACADEMIC YEAR. LAKELAND UNIVERSITY FOUNDATION PROVIDES FUNDING FOR THESE...

SCHOLARSHIP PROGRAMS: LAKELAND UNIVERSITY ISSUED SCHOLARSHIPS TO STUDENTS ATTENDING LAKELAND UNIVERSITY DURING THE ACADEMIC YEAR. LAKELAND UNIVERSITY FOUNDATION PROVIDES FUNDING FOR THESE SCHOLARSHIPS BASED UPON FUNDS AVAILABLE. THE FOUNDATION ALSO PROVIDES FUNDING FOR PROFESSORSHIPS AND OPERATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $504,971

Program Service Revenue $0

Investment Income $404,243

Other Revenue $115

TOTAL REVENUE $909,329

Expense Breakdown

Grants Paid $332,092

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $332,092

Other Expenses $155,345

TOTAL EXPENSES $487,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$909,329	$279,935	+2.2%
Expenses	$487,437	$1,809,399	-0.7%
Net Income	$421,892	$-1,529,464	-1.3%

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

N/A

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

$356,412

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE GRAFF	PRESIDENT	0.50	Officer Director	$0	$0	$0
STUART BROTZ	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BARBARA GANNON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JEFF SPENCE	DIRECTOR	0.50	Director	$0	$0	$0
LOLA ROEH	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH BORGEN	UNIVERSITY PRESIDENT AND D	1.00	Officer	$0	$8,173	$235,173
LENORA STUCKMANN	VICE PRESIDENT FOR FINANCE	1.00	Officer	$0	$17,899	$121,239

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	$909,329	$487,437	No data	$421,892
2024	No data	No data	No data	No data
2023	$1,510,659	$2,214,676	$19,879,961	$-704,017
2022	$8,225,756	$580,061	$18,815,363	$7,645,695
2021	$1,225,464	$409,125	$21,444,848	$816,339
2020	$804,161	$711,189	$17,535,817	$92,972
2019	$977,711	$447,343	$17,968,740	$530,368
2018	$850,634	$500,011	$17,239,702	$350,623