Friends of Lane (EIN 470971734) - 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

Susie Hauser

Phone

7735345400

Tax Period

2023-08-01 to 2024-07-31

Friends of Lane, founded in 2014, is a small nonprofit in the Education sector that reported $474K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $622K exceeded revenue, resulting in a 31% operating deficit.

Mission

Our goal is to build community and support Lane Tech parents, teachers, students, administrators, 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 (2023)

Revenue Breakdown

Contributions & Grants $338,360

Program Service Revenue $0

Investment Income $8,223

Other Revenue $127,649

TOTAL REVENUE $474,232

Expense Breakdown

Grants Paid $597,930

Salaries & Benefits $0

Fundraising Expenses $10,551

Program Expenses $597,930

Other Expenses $24,103

TOTAL EXPENSES $622,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$474,232	$612,565	-0.2%
Expenses	$622,033	$484,652	+0.3%
Net Income	$-147,801	$127,913	-2.2%

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
Jacque Patterson	Director	5.00	Director	$0	$0	$0
Pam Valenta	Director	5.00	Director	$0	$0	$0
Rachel Ferrell	Director	5.00	Director	$0	$0	$0
Janika Brenner	Director	5.00	Director	$0	$0	$0
Susie Hauser	Treasurer	10.00	Officer	$0	$0	$0
Nikki Pesch	President	10.00	Officer	$0	$0	$0
Lisa Applebaum	Vice President	10.00	Officer	$0	$0	$0
Dana Burdenski	Secretary	10.00	Officer	$0	$0	$0
Ha Truong	Secretary/Tech	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
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

Friends of Lane