Friends of Lane

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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

Susie Hauser

Phone

7735345400

Tax Period

2024-08-01 to 2025-07-31

Friends of Lane, founded in 2014, is a small nonprofit in the Education sector that reported $444K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $649K exceeded revenue, resulting in a 46% operating deficit.

Mission

Our goal is to build community and support Lane Tech parents, teachers, students, administration, and staff.

Program Service Accomplishments

Program 1

Expenses: $623,703

Our goal is to build community and support Lane Tech parents, teachers, students, administration, and staff.

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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 $264,110

Program Service Revenue $0

Investment Income $15,850

Other Revenue $163,912

TOTAL REVENUE $443,872

Expense Breakdown

Grants Paid $623,703

Salaries & Benefits $0

Fundraising Expenses $12,248

Program Expenses $623,703

Other Expenses $25,394

TOTAL EXPENSES $649,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$443,872	$474,232	-0.1%
Expenses	$649,097	$622,033	+0.0%
Net Income	$-205,225	$-147,801	+0.4%

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
Jill Brown Smith	Director	5.00	Director	$0	$0	$0
Rachel Ferrell	Director	5.00	Director	$0	$0	$0
Cecilia Bocanegra	Director	5.00	Director	$0	$0	$0
Susie Hauser	Treasurer	10.00	Officer	$0	$0	$0
Melissa Smejkal	Vice President	10.00	Officer	$0	$0	$0
Dana Burdenski	Secretary	10.00	Officer	$0	$0	$0
Toni Siprut	Secretary/Tech	10.00	Officer	$0	$0	$0
Jacque Patterson	President	10.00	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
2025	$443,872	$649,097	$794,696	$-205,225
2024	$474,232	$622,033	$901,628	$-147,801
2023	$612,565	$484,652	$1,049,429	$127,913
2022	$614,614	$240,363	$921,382	$374,251
2021	$501,690	$234,687	$563,254	$267,003
2020	$388,298	$770,112	$323,421	$-381,814
2019	$704,244	$228,545	$698,635	$475,699