LAPS FOR LEXI INC (EIN 462160960) - 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

2013

Legal Domicile

Principal Officer

CYNTHIA P SPEIGHT

Phone

7034078568

Tax Period

2024-01-01 to 2024-12-31

LAPS FOR LEXI INC, founded in 2013, is a micro nonprofit in the Health Care sector that reported $731 in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $119, a strong 16% operating margin.

Mission

SPONSOR PEDIATRIC CANCER RESEARCH AND PROVIDE EDUCATIONAL SCHOLARSHIPS ON A NEED-BASIS.

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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 $731

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $330

Other Expenses $612

TOTAL EXPENSES $612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$731	$785	-0.1%
Expenses	$612	$274	+1.2%
Net Income	$119	$511	-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

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
CYNTHIA SPEIGHT	EXECETIVE DIRECTOR	8	Officer Director	$0	$0	$0
PETR SPEIGHT	VICE PRESIDENT	2	Officer Director	$0	$0	$0
SAMANTHA SPEIGHT	BOARD MEMBER	1	Officer Director	$0	$0	$0
KATHERINE BARRY	SECRETARY	3	Officer Director	$0	$0	$0
MICHAEL VAGNUCCI	BOARD MEMBER	1	Director	$0	$0	$0
BRANDON WILSON	BOARD TREASURER	3	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
2024	$731	$612	$5,687	$119
2023	$785	$274	$5,568	$511
2022	$245,538	$245,102	$5,057	$436
2021	$183,087	$178,466	$21,543	$4,621
2020	$156,902	$157,183	$16,922	$-281
2019	$183,624	$170,000	$17,203	$13,624
2018	$137,550	$134,773	$3,579	$2,777

LAPS FOR LEXI INC