L 5 FOUNDATION INC

EIN: 472371498 501(c)(3)

KNOXVILLE, TN

Total Revenue
$155,039
Total Expenses
$174,823
Total Assets
$17,522
Net Assets
$-7,639
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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
TN
Principal Officer
RICHARD K GIECEK
Tax Period
2017-07-01 to 2018-06-30

L 5 FOUNDATION INC, founded in 2014, is a small nonprofit that reported $155K in total revenue in fiscal year 2017. Revenue decreased 19% compared to the prior year. Expenses of $175K exceeded revenue, resulting in a 13% operating deficit.

Mission

L5 FOUNDATION IS, FIRST AND FOREMOST, FOCUSED ON HEALPING PEOPLE AT THE MOST VULNERABLE TIMES IN THEIR LIVES - AND HELPING RELIEVE THE EMOTIONAL AND FINANCIAL BURDENS THAT CAN OCCUR ANYTIME TO ANYONE. L5 FOUNDATION'S CURRENT PORTFOLIO INCLUDES THREE AREAS OF INTENSE FOCUS: L5 CANCER SUPPORT, DEDICATED TO ADDRESSING THE ESSENTIAL AND BASIC NEEDS OF CANCER PATIENTS, THE CHAIRMAN'S CLUB, WHICH PROVIDES GRANTS TO YOUTH SPORTS ORGANIZATIONS, YOUTH ARTS AND CULTURE CLUBS, YOUTH EDUCATION GROUPS, YOUTH HEALTH CARE ASSOCIATIONS, AND OPERATION OF VALOR, DEDICATED TO PROVIDING ADDITIONAL SUPPORT TO SERVICEMEN AND SERVICEWOMEN THROUGH EAST TENNESSEE.

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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%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $107,503
Program Service Revenue $0
Investment Income $0
Other Revenue $47,536
TOTAL REVENUE $155,039

Expense Breakdown

Grants Paid $61,805
Salaries & Benefits $64,580
Fundraising Expenses $46,860
Program Expenses $67,308
Other Expenses $48,438
TOTAL EXPENSES $174,823

Year-over-Year Comparison

2017 2016 Change
Revenue $155,039 $190,365 -0.2%
Expenses $174,823 $215,246 -0.2%
Net Income $-19,784 $-24,881 -0.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
20

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
2
$60,000
Total Directors
11
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD K GIECEK PRESIDENT 25.00
Officer Director
$60,000 $0 $60,000
SUSAN M NEWMAN SECRETARY/TR 1.00
Officer Director
$0 $0 $0
TERRANCE TURNER DIRECTOR 1.00
Director
$0 $0 $0
KAY CLAYTON DIRECTOR 1.00
Director
$0 $0 $0
MISTY CUNNINGHAM DIRECTOR 1.00
Director
$0 $0 $0
ADRIEL MCCORD DIRECTOR 1.00
Director
$0 $0 $0
MELISSA WHITE DIRECTOR 1.00
Director
$0 $0 $0
AMY DYER DIRECTOR 1.00
Director
$0 $0 $0
JACK FARIS DIRECTOR 1.00
Director
$0 $0 $0
AMY WHITE DIRECTOR 1.00
Director
$0 $0 $0
MARY WITT BUTLER 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
2018 $155,039 $174,823 $17,522 $-19,784
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