LAFAYETTE CHARTER FOUNDATION INC

EIN: 461200082 501(c)(3) Education

LAFAYETTE, LA

Total Revenue
$43,747,874
Total Expenses
$43,379,254
Total Assets
$75,344,341
Net Assets
$-5,358,530
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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
MARY LOUELLA RIGGS-COOK
Phone
3373741209
Tax Period
2022-07-01 to 2023-06-30

LAFAYETTE CHARTER FOUNDATION INC, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $43.7M in total revenue in fiscal year 2022. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

THIS NONPROFIT CORPORATION IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF LOUISIANA THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF LOUISIANA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $42,655,365
Program Service Revenue $799,432
Investment Income $23,108
Other Revenue $269,969
TOTAL REVENUE $43,747,874

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,507,843
Fundraising Expenses $0
Program Expenses $32,269,049
Other Expenses $24,871,411
TOTAL EXPENSES $43,379,254

Year-over-Year Comparison

2022 2021 Change
Revenue $43,747,874 $33,949,865 +0.3%
Expenses $43,379,254 $33,845,796 +0.3%
Net Income $368,620 $104,069 +2.5%
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
8
Independent Members
8
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICK PUGH TRUSTEE 1.00
Director
$0 $0 $0
DR DR NANCY GOMEZ TRUSTEE 1.00
Director
$0 $0 $0
KIM VAVASSEUR TRUSTEE 1.00
Director
$0 $0 $0
MURUGAN AMBALAKANNU TRUSTEE 1.00
Director
$0 $0 $0
DR MARY LOUELLA RIGGS-COOK PRESIDENT 1.00
Officer
$0 $0 $0
ERICA WILLIAMS VICE PRESIDENT 1.00
Officer
$0 $0 $0
KAREN MILLER LEWIS TREASURER 1.00
Officer
$0 $0 $0
JARED LABUE SECRETARY 1.00
Officer
$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 No data No data No data No data
2024 No data No data No data No data
2023 $43,747,874 $43,379,254 $75,344,341 $368,620
2022 $33,949,865 $33,845,796 $43,368,888 $104,069
2021 $27,089,084 $26,084,470 $33,304,298 $1,004,614
2020 $20,406,420 $20,594,732 $21,881,388 $-188,312
2019 $19,306,048 $20,419,462 $22,002,537 $-1,113,414
2018 $18,414,109 $19,200,061 $24,056,791 $-785,952
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