SOUTHWEST LOUISIANA CHARTER ACADEMY FOUNDATION INC

EIN: 455379712 501(c)(3)

LAKE CHARLES, LA

Total Revenue
$22,063,757
Total Expenses
$20,168,975
Total Assets
$45,236,700
Net Assets
$3,946,235
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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
2012
Legal Domicile
LA
Principal Officer
ULYSSES GENE THIBODEAUX
Phone
3374757910
Tax Period
2021-07-01 to 2022-06-30

SOUTHWEST LOUISIANA CHARTER ACADEMY FOUNDATION INC, founded in 2012, is a mid-sized nonprofit that reported $22.1M in total revenue in fiscal year 2021. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $20.2M left a modest 9% surplus.

Mission

THE FOUNDATION OWNS AND OPERATES SOUTHWEST LOUISIANA CHARTER ACADEMY IN THE LOUISIANA PARISH OF CALCASIEU. THE SCHOOLS WILL PROVIDE STUDENTS, FROM KINDERGARTEN THROUGH TWELFTH (K-12) GRADE, WITH THE NECESSARY TOOLS AND SKILLS NEEDED TO DEVELOP SUPERIOR LEVELS OF ACHIEVEMENT.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $19,032,146
Program Service Revenue $26,343
Investment Income $4,153
Other Revenue $3,001,115
TOTAL REVENUE $22,063,757

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,291,738
Fundraising Expenses $0
Program Expenses $13,662,289
Other Expenses $11,877,237
TOTAL EXPENSES $20,168,975

Year-over-Year Comparison

2021 2020 Change
Revenue $22,063,757 $16,859,571 +0.3%
Expenses $20,168,975 $15,776,730 +0.3%
Net Income $1,894,782 $1,082,841 +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

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Governance

Voting Members
9
Independent Members
9
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDGE ULYSSES GENE THIBODEAUX PRESIDENT 10.00
Officer Director
$0 $0 $0
REBECCA BONIOL VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
CLYDE W MITCHELL SECRETARY/TREASURER 3.00
Officer Director
$0 $0 $0
PATRICIA LAWRENCE TRUSTEE 3.00
Director
$0 $0 $0
SYLVIA STELLY TRUSTEE 3.00
Director
$0 $0 $0
NICOLE SIMIEN TRUSTEE 3.00
Director
$0 $0 $0
PHYLLIS KETTLING TRUSTEE 3.00
Director
$0 $0 $0
CHARLES A HONORE TRUSTEE 3.00
Director
$0 $0 $0
RON RICHARD TRUSTEE 3.00
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
2022 $22,063,757 $20,168,975 $45,236,700 $1,894,782
2021 $16,859,571 $15,776,730 $44,512,602 $1,082,841
2020 $16,350,037 $14,259,992 $44,055,625 $2,090,045
2019 $15,098,636 $13,887,790 $19,191,575 $1,210,846
2018 $12,520,981 $13,259,549 $17,731,654 $-738,568
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