Lansing Promise (EIN 453363322) - 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

2011

Legal Domicile

Phone

5175123616

Tax Period

2024-07-01 to 2025-06-30

Lansing Promise, founded in 2011, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 168% from the prior year, signaling strong growth momentum. The organization ran a surplus of $529K, a strong 29% operating margin.

Mission

Lansing Promise helps students in gaining access to higher education through readiness and scholarships.

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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 $1,733,858

Program Service Revenue $0

Investment Income $90,543

Other Revenue $5,466

TOTAL REVENUE $1,829,867

Expense Breakdown

Grants Paid $387,746

Salaries & Benefits $474,891

Fundraising Expenses $68,685

Program Expenses $1,140,890

Other Expenses $417,989

TOTAL EXPENSES $1,300,626

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,829,867	$683,868	+1.7%
Expenses	$1,300,626	$693,749	+0.9%
Net Income	$529,241	$-9,881	-54.6%

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

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

$176,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Justin Sheehan	President CEO	45.00	Officer	$176,615	$0	$176,615
Kellie P Dean	Immediate Past Chair	2.00	Officer Director	$0	$0	$0
Abel Travis	Board Chair	2.00	Officer Director	$0	$0	$0
Jon Lundy	Treasurer	2.00	Officer Director	$0	$0	$0
Nino Rodriguez	Secretary	2.00	Officer Director	$0	$0	$0
Lea Ammerman	Director	1.00	Director	$0	$0	$0
Carmen Argersinger	Vice-President	1.00	Director	$0	$0	$0
Leslie Batchelor	Director	1.00	Director	$0	$0	$0
Dominic Carbone	Director	1.00	Director	$0	$0	$0
Stella Cash	Director	1.00	Director	$0	$0	$0
Chris Holman	Director	1.00	Director	$0	$0	$0
Mayor Andy Schor	Director	1.00	Director	$0	$0	$0
Jen Sturdy	Director	1.00	Director	$0	$0	$0
Dr Rick Wendorf	Director	1.00	Director	$0	$0	$0
Adam Williams	Director	1.00	Director	$0	$0	$0
Michael Yankowski	Director	1.00	Director	$0	$0	$0
Jessica Benavides	Director	1.00	Director	$0	$0	$0
DeShon Leek	Director	1.00	Director	$0	$0	$0
Don Romain	Director	1.00	Director	$0	$0	$0
DeYeya Jones	Director	1.00	Director	$0	$0	$0
Chuck Alberts	Director	1.00	Director	$0	$0	$0
Candace Williams	Director	1.00	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	$1,829,867	$1,300,626	$2,810,090	$529,241
2024	$683,868	$693,749	$2,180,821	$-9,881
2023	$2,257,586	$586,761	$2,354,248	$1,670,825
2022	$466,045	$355,192	$617,174	$110,853
2021	$475,531	$312,741	$407,321	$162,790
2020	$550,275	$620,146	$270,319	$-69,871
2019	$584,135	$737,525	$314,576	$-153,390
2018	$518,157	$807,186	$465,665	$-289,029

Lansing Promise