LE MARS COMMUNITY SCHOOL DISTRICT FOUNDATION (EIN 421386147) - 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

1992

Legal Domicile

Principal Officer

ZACH LANCASTER

Phone

7125464155

Tax Period

2025-01-01 to 2025-12-31

LE MARS COMMUNITY SCHOOL DISTRICT FOUNDATION, founded in 1992, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $233K in total revenue in fiscal year 2025. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $44K, a strong 19% operating margin.

Mission

THE FOUNDATION'S PURPOSE IS TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS FOR COLLEGE, AS WELL AS OTHER FINANCIAL SUPPORT TO LEMARS COMMUNITY SCHOOL.

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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 (2025)

Revenue Breakdown

Contributions & Grants $130,170

Program Service Revenue $0

Investment Income $99,734

Other Revenue $3,165

TOTAL REVENUE $233,069

Expense Breakdown

Grants Paid $180,643

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $188,829

Other Expenses $8,186

TOTAL EXPENSES $188,829

Year-over-Year Comparison

	2025	2024	Change
Revenue	$233,069	$292,592	-0.2%
Expenses	$188,829	$135,311	+0.4%
Net Income	$44,240	$157,281	-0.7%

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

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
STEVE ALBERT	DIRECTOR	1.00	Director	$0	$0	$0
JANELLE BIXENMAN	TREASURER	1.00	Officer Director	$0	$0	$0
VICKI BORCHERS	DIRECTOR	1.00	Director	$0	$0	$0
CLIFF COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE CONNOR	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ROSALIE ELLEFSON	DIRECTOR	1.00	Director	$0	$0	$0
JULIE HURT	DIRECTOR	1.00	Director	$0	$0	$0
JOANN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
NATE KASS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN KOERSELMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH KOVARNA	DIRECTOR	1.00	Director	$0	$0	$0
ZACH LANCASTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
KYAN LUDWIG	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
TOBY SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE THEISSEN	DIRECTOR	1.00	Director	$0	$0	$0
AARON TOLZIN	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN VANCE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WEBNER	SECRETARY	1.00	Officer 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
2025	$233,069	$188,829	$2,146,386	$44,240
2024	No data	No data	No data	No data
2023	$1,175,000	$170,485	$1,933,755	$1,004,515
2022	$634,726	$546,407	$915,493	$88,319
2021	$576,497	$1,041,493	$839,275	$-464,996
2020	$1,438,925	$479,534	$1,290,009	$959,391
2019	$678,001	$675,227	$326,005	$2,774

LE MARS COMMUNITY SCHOOL DISTRICT FOUNDATION