Lake Lure Community Education Foundation Inc (EIN 453995270) - 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

Principal Officer

Kate Sloss

Phone

8286259292

Tax Period

2024-07-01 to 2025-06-30

Lake Lure Community Education Foundation Inc, founded in 2011, is a small nonprofit in the Education sector that reported $644K in total revenue in fiscal year 2024.

Mission

To hold and lease real estate to the supported organization, Classical Academis CFA, Inc.

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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 $0

Program Service Revenue $639,305

Investment Income $7,356

Other Revenue $-2,749

TOTAL REVENUE $643,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $648,223

Other Expenses $648,223

TOTAL EXPENSES $648,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$643,912	$674,527	0.0%
Expenses	$648,223	$692,197	-0.1%
Net Income	$-4,311	$-17,670	-0.8%

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
Chris Dolman	Member	1.00	Officer Director	$0	$0	$0
Charlie Ellis	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Kate Sloss	President	1.00	Officer Director	$0	$0	$0
Russ Pitts	Secretary	1.00	Director	$0	$0	$0
Ned Kiser	Vice President	1.00	Director	$0	$0	$0
Mitchel McNeely	Member	1.00	Director	$0	$0	$0
Barbara Cohen	Member	1.00	Director	$0	$0	$0
Randy Nelson	Member	1.00	Director	$0	$0	$0
Laura Krejci	Member	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	$643,912	$648,223	$11,732,043	$-4,311
2024	$674,527	$692,197	$11,917,365	$-17,670
2023	$669,103	$471,964	$12,110,299	$197,139
2022	$658,607	$659,241	$12,324,980	$-634
2021	$644,885	$645,679	$12,490,062	$-794
2020	$658,033	$583,267	$12,650,549	$74,766
2019	$651,808	$527,843	$12,774,345	$123,965

Lake Lure Community Education Foundation Inc