LANGLEY FOR FAMILIES - THE FOUNDATION OF LFCU (EIN 465681481) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

FRED HAGERMAN

Phone

7576438741

Tax Period

2023-01-01 to 2023-12-31

LANGLEY FOR FAMILIES - THE FOUNDATION OF OF LFCU, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $386K in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $519K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO MAKE A DIFFERENCE IN THE LIVES OF FAMILIES IN ALL OF THE COMMUNITIES WE SERVE BY DONATING TO LOCAL ORGANIZATIONS THAT FOCUS ON FAMILY ISSUES IN THE HAMPTON ROADS AREA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $591,727

Program Service Revenue $0

Investment Income $25

Other Revenue $586,560

TOTAL REVENUE $1,178,312

Expense Breakdown

Grants Paid $1,144,615

Salaries & Benefits $0

Fundraising Expenses $7,859

Program Expenses $1,144,615

Other Expenses $8,884

TOTAL EXPENSES $1,153,499

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,178,312	$1,115,345	+0.1%
Expenses	$1,153,499	$1,100,893	+0.0%
Net Income	$24,813	$14,452	+0.7%

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
FRED HAGERMAN	CHAIRMAN	2.50	Officer Director	$0	$0	$0
WILLIAM E GRIFFITH JR	TREASURER	1.50	Officer Director	$0	$0	$0
JOSE IREGUI	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS RYAN	DIRECTOR	1.00	Director	$0	$0	$0
A JEROME FOWLKES	DIRECTOR	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	$1,178,312	$1,153,499	$115,118	$24,813
2022	$1,115,345	$1,100,893	$90,305	$14,452
2021	$1,008,596	$1,014,391	$90,853	$-5,795
2020	$858,737	$866,789	$81,973	$-8,052
2019	$742,828	$747,027	$95,025	$-4,199
2018	$386,161	$519,367	$94,224	$-133,206

LANGLEY FOR FAMILIES - THE FOUNDATION OF LFCU