L3 FOUNDATION (EIN 465510008) - 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

Scott Ahrendt

Phone

2817335716

Tax Period

2024-01-01 to 2024-12-31

L3 FOUNDATION, founded in 2014, is a micro nonprofit in the Diseases & Disorders sector that reported $95K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $290K exceeded revenue, resulting in a 206% operating deficit.

Mission

The L3 Foundation is dedicated to raising awareness of childhood cancer, providing financial support for medical research dedicated to finding a cure for childhood cancers, and providing assistance to families who have been affected by childhood cancer.

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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 $79,724

Program Service Revenue $0

Investment Income $0

Other Revenue $15,261

TOTAL REVENUE $94,985

Expense Breakdown

Grants Paid $283,378

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $290,232

Other Expenses $6,854

TOTAL EXPENSES $290,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,985	$103,622	-0.1%
Expenses	$290,232	$27,448	+9.6%
Net Income	$-195,247	$76,174	-3.6%

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
Scott Ahrendt	President	8	Officer	$0	$0	$0
Jaymi Ahrendt	Vice President	4	Officer	$0	$0	$0
Heather Barclay	Treasurer	4	Officer	$0	$0	$0
William Miles Kenny	Marketing Director	4	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	$94,985	$290,232	$229,976	$-195,247
2023	$103,622	$27,448	$425,223	$76,174
2022	$101,045	$33,809	$349,049	$67,236
2021	$122,258	$25,135	$281,813	$97,123
2020	$246,576	$284,220	$184,690	$-37,644

L3 FOUNDATION