LAKELAND AREA SCHOLARSHIP FUND INC (EIN 464259420) - 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

GREGG WALKER

Phone

7158921764

Tax Period

2025-01-01 to 2025-12-31

LAKELAND AREA SCHOLARSHIP FUND INC, founded in 2013, is a small nonprofit in the Education sector that reported $148K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $30K, a strong 20% operating margin.

Mission

RAISE FUNDS TO AWARD ACADEMIC SCHOLARSHIPS TO STUDENTS ENROLLED IN LAKELAND AREA SCHOOLS AT THE TIME OF THEIR GRADUATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $70,000

Program Service Revenue $0

Investment Income $77,733

Other Revenue $0

TOTAL REVENUE $147,733

Expense Breakdown

Grants Paid $99,225

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,027

Other Expenses $18,908

TOTAL EXPENSES $118,133

Year-over-Year Comparison

	2025	2024	Change
Revenue	$147,733	$125,766	+0.2%
Expenses	$118,133	$105,983	+0.1%
Net Income	$29,600	$19,783	+0.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGG WALKER	PRESIDENT	0.50	Officer Director	$0	$0	$0
PETER NOMM	TREASURER	0.50	Officer Director	$0	$0	$0
JANEL PAGELS	DIRECTOR	0.50	Director	$0	$0	$0
MARY HERRICK	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT SMUDDE	DIRECTOR	0.50	Director	$0	$0	$0
KIM WIDMER	SECRETARY	0.50	Officer Director	$0	$0	$0
KATIE REIN	DIRECTOR	0.50	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
2025	$147,733	$118,133	$2,028,683	$29,600
2024	$125,766	$105,983	$1,852,893	$19,783
2023	$91,733	$126,800	$1,771,241	$-35,067
2022	$60,305	$103,904	$1,711,027	$-43,599
2021	$49,369	$83,182	$2,038,084	$-33,813
2020	$96,916	$176,445	$1,948,600	$-79,529
2019	$411,546	$313,011	$1,817,293	$98,535
2018	$187,953	$181,666	$1,378,209	$6,287

LAKELAND AREA SCHOLARSHIP FUND INC