ALBERT LEA PUBLIC EDUCATION FOUNDATION (EIN 411989284) - 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

2000

Legal Domicile

Principal Officer

NEAL SKAAR

Phone

5073835357

Tax Period

2024-01-01 to 2024-12-31

ALBERT LEA PUBLIC EDUCATION FOUNDATION, founded in 2000, is a small nonprofit in the Education sector that reported $135K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $224K exceeded revenue, resulting in a 67% operating deficit.

Mission

TO SERVE THE STUDENTS OF DISTRICT 241 BY IDENTIFYING EDUCATIONAL NEEDS AND CREATING FINANCIAL SUPPORT THROUGH CREATING PERMANENT ENDOWMENTS AND DEVELOPING FUNDING FOR THE CREATION AND MAINTENANCE OF NEW PROGRAMS.

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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 $86,441

Program Service Revenue $0

Investment Income $48,170

Other Revenue $0

TOTAL REVENUE $134,611

Expense Breakdown

Grants Paid $150,712

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $215,341

Other Expenses $73,425

TOTAL EXPENSES $224,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,611	$93,491	+0.4%
Expenses	$224,137	$155,526	+0.4%
Net Income	$-89,526	$-62,035	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL SKAAR	CHAIR	0.50	Officer	$0	$0	$0
KIM NELSON	VICE-CHAIR	0.50	Officer	$0	$0	$0
STEVE TUFTE	TREASURER	2.00	Officer	$0	$0	$0
ABBY SCHUMAKER	SECRETARY	0.50	Officer	$0	$0	$0
BRAD KIRCHNER	PAST CHAIR	0.50	Director	$0	$0	$0
MIKE PETERSEN	DIRECTOR	0.50	Director	$0	$0	$0
DAN DORMAN	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA HATLAND	DIRECTOR	0.50	Director	$0	$0	$0
DAVID FRAME	DIRECTOR	0.50	Director	$0	$0	$0
JANELLE KOEPKE	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT ROWE	DIRECTOR	0.50	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
2024	$134,611	$224,137	$3,382,951	$-89,526
2023	$93,491	$155,526	$3,204,324	$-62,035
2022	$192,398	$173,886	$3,007,622	$18,512
2021	$144,509	$142,303	$3,276,907	$2,206
2020	$117,277	$120,128	$2,738,201	$-2,851
2019	$550,557	$158,698	$2,583,004	$391,859
2018	$169,755	$134,919	$1,956,462	$34,836

ALBERT LEA PUBLIC EDUCATION FOUNDATION