Lancaster, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMUNITY OF LANCASTER EDUCATION GROUP, founded in 2001, is a micro nonprofit in the Education sector that reported $87K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $31K, a strong 35% operating margin.
To raise funds through contributions and investments for the singular purpose of providing reimbursement of post secondary tuition expenses of graduates of Lancaster High School (Minnesota Independent School District #356)
COLEG made three scholarship awards totaling $52,000 during the calendar year 2024. COLEG paid out $55,500 in tuition reimbursements for awards made prior to 2024. It is COLEG's present policy to...
COLEG made three scholarship awards totaling $52,000 during the calendar year 2024. COLEG paid out $55,500 in tuition reimbursements for awards made prior to 2024. It is COLEG's present policy to begin reimburse upon successful completion of the first full year of post-secondary studies. Completion of the first year must be accomplished within 13 months from high school graduation. At the end of 2024 there were 25 award recipients eligible to receive up to $2130,143 in additional reimbursements. Further awards will be made in 2025 depending upon applications and projected investment earnings and unrestricted contributions. This is the only program service provided by COLEG
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $86,664 | $97,499 | -0.1% |
| Expenses | $56,019 | $61,371 | -0.1% |
| Net Income | $30,645 | $36,128 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Shelly Westerberg | Treasurer | 1 |
Officer
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$0 | $0 | $0 |
| Debbie Groves | Secretary | 1 |
Officer
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$0 | $0 | $0 |
| Crystal Peterson | Vice President | 1 |
Officer
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$0 | $0 | $0 |
| Diane Rice | President | 1 |
Officer
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $86,664 | $56,019 | $1,280,898 | $30,645 |
| 2023 | $97,499 | $61,371 | $1,121,748 | $36,128 |
| 2022 | $103,705 | $51,236 | $1,033,487 | $52,469 |
| 2021 | $99,375 | $35,743 | $1,235,019 | $63,632 |
| 2020 | $83,240 | $27,758 | $976,342 | $55,482 |
Compare COMMUNITY OF LANCASTER EDUCATION GROUP with other nonprofits in Minnesota and across the country.