LAKE CITY EDUCATION FOUNDATION (EIN 411955601) - 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

2003

Legal Domicile

Principal Officer

BRENT MEINCKE

Tax Period

2023-07-01 to 2024-06-30

LAKE CITY EDUCATION FOUNDATION, founded in 2003, is a small nonprofit in the Education sector that reported $136K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82K, a strong 60% operating margin.

Mission

Support and aid Independent School District 813 with regard to educational opportunities.

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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 $57,832

Program Service Revenue $0

Investment Income $43,477

Other Revenue $35,042

TOTAL REVENUE $136,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,578

Other Expenses $54,151

TOTAL EXPENSES $54,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,351	$113,622	+0.2%
Expenses	$54,151	$96,140	-0.4%
Net Income	$82,200	$17,482	+3.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tracy Oliver	President	002.00	Officer	$0	$0	$0
Traci Green	Vice-President	002.00	Officer	$0	$0	$0
Brent Meincke	Treasurer	002.00	Officer	$0	$0	$0
Dawn Balow	Secretary	002.00	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	$136,351	$54,151	$1,198,680	$82,200
2023	$113,622	$96,140	$1,041,847	$17,482
2022	$164,884	$76,126	$965,235	$88,758
2021	$30,199	$73,025	$1,031,159	$-42,826
2020	$208,443	$25,960	$599,229	$182,483

LAKE CITY EDUCATION FOUNDATION