THE LOCKER FOUNDATION (EIN 462239181) - 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

2014

Legal Domicile

Principal Officer

KAREN CROSBY

Phone

5128180521

Tax Period

2023-01-01 to 2023-12-31

THE LOCKER FOUNDATION, founded in 2014, is a small nonprofit in the Education sector that reported $931K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $653K, a strong 70% operating margin.

Mission

THE LOCKER EDUCATES AND EMPOWERS YOUTH, THROUGH SERVICE LEARNING, TO MEET THE NEEDS OF OTHERS IN THEIR COMMUNITY SO THAT EVERY CHILD HAS A SENSE OF NORMALCY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $840,154

Program Service Revenue $0

Investment Income $36,007

Other Revenue $54,431

TOTAL REVENUE $930,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,021

Fundraising Expenses $0

Program Expenses $223,603

Other Expenses $137,949

TOTAL EXPENSES $277,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$930,592	$854,712	+0.1%
Expenses	$277,970	$241,886	+0.1%
Net Income	$652,622	$612,826	+0.1%

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

300

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

$48,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN CROSBY	EXECUTIVE DI	40.00	Officer	$48,269	$0	$48,269
BOB FISCHER	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
MICHAEL GEBHARDT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN LEWIS	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTIN MAIER	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN SAUCEDO	BOARD 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
2024	No data	No data	No data	No data
2023	$930,592	$277,970	$1,463,017	$652,622
2022	$854,712	$241,886	$809,256	$612,826
2021	$223,192	$175,433	$216,163	$47,759
2020	$208,786	$166,970	$148,654	$41,816
2019	$279,056	$232,221	$108,412	$46,835

THE LOCKER FOUNDATION