L & E ACADEMY FOUNDATION (EIN 462410522) - 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

Elizabeth McFarland

Phone

4252986451

Tax Period

2023-07-01 to 2024-05-31

L & E ACADEMY FOUNDATION, founded in 2013, is a small nonprofit that reported $193K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $55K, a strong 29% operating margin.

Mission

AT LEADPREP WE CREATE A DYNAMIC SPACE WHERE EDUCATION IS ENGAGING, NOT ONE-SIZE-FITS-ALL, FOR ALL LEARNERS TO BE SEEN, HEARD, VALUED, AND THRIVING.

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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 $62,902

Program Service Revenue $158,329

Investment Income $-22,257

Other Revenue $-5,550

TOTAL REVENUE $193,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $348,381

Fundraising Expenses $0

Program Expenses $-1,777

Other Expenses $-210,115

TOTAL EXPENSES $138,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$193,424	$912,155	-0.8%
Expenses	$138,266	$1,318,353	-0.9%
Net Income	$55,158	$-406,198	-1.1%

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

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

$64,338

Total Directors

$64,338

Key Employees

$12,268

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH MCFARLAND	EXECUTIVE DIRECTOR/HEAD OF SCHOOL	42	Officer Director	$63,918	$420	$64,338
MAUREEN O'SHAUGHNESSY	FORMER EXECUTIVE DIRECTOR	10	Key Emp	$12,268	$0	$12,268
MEAGAN O'LEARY	BOARD PRESIDENT	1	Officer	$0	$0	$0
PHYLLIS PIERCE	BOARD SECRETARY	2	Officer	$0	$0	$0
ELIZABETH BROCK	AT-LARGE BOARD MEMBER	2	Officer	$0	$0	$0
TRAVIS JOHNSON	AT-LARGE BOARD MEMBER	3	Officer	$0	$0	$0
ALLISON MCCORMICK	AT-LARGE BOARD MEMBER	2.00	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
2024	$193,424	$138,266	No data	$55,158
2023	$912,155	$1,318,353	$432,605	$-406,198
2022	$1,361,339	$1,187,445	$856,217	$173,894
2021	$1,229,485	$1,005,532	$961,316	$223,953
2020	$995,201	$933,315	$630,501	$61,886
2018	$674,105	$623,784	$285,026	$50,321

L & E ACADEMY FOUNDATION