LA VERNIA EDUCATION FOUNDATION

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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

2015

Legal Domicile

Principal Officer

KIM HENDLEY

Phone

8304609223

Tax Period

2023-07-01 to 2024-06-30

LA VERNIA EDUCATION FOUNDATION, founded in 2015, is a small nonprofit in the Education sector that reported $136K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $188K exceeded revenue, resulting in a 38% operating deficit.

Mission

PROVIDE OPPORTUNITIES FOR EXCELLENCE IN EDUCATION, PROMOTE INNOVATION IN TEACHING AND PARTNER WITH THE COMMUNITY TO ENHANCE THE QUALITY OF EDUCATION FOR ALL STUDENTS IN THE LA VERNIA INDEPENDENT SCHOOL DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $166,380 Revenue: $181,907

THE FOUNDATION FUNDED SEVERAL GRANTS OF INNOVATIVE TEACHING PROGRAMS THROUGHOUT THE LA VERNIA INDEPENDENT SCHOOL DISTRICT.

Program 2

Expenses: $11,551 Revenue: $181,907

THE FOUNDATION CONTRIBUTED FUNDS TO THE SCHOOL DISTRICT AS AN OUTREACH PROGRAM TO ASSIST WITH TEACHER APPRECIATION EVENTS ALONG WITH OTHER APPROPRIATE NEEDS OF THE DISTRICT.

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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 $135,872

Program Service Revenue $0

Investment Income $218

Other Revenue $0

TOTAL REVENUE $136,090

Expense Breakdown

Grants Paid $177,931

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $177,931

Other Expenses $9,715

TOTAL EXPENSES $187,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,090	$237,753	-0.4%
Expenses	$187,646	$200,303	-0.1%
Net Income	$-51,556	$37,450	-2.4%

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
KIM HENDLEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
KADI TICHNELL	VP FINANCE	5.00	Officer Director	$0	$0	$0
CLARA BARLOW	VP DEVELOPMENT	5.00	Officer Director	$0	$0	$0
BRITTANY GARNETT	VP MARKETING	5.00	Officer Director	$0	$0	$0
MATT MORGAN	SECRETARY	5.00	Officer Director	$0	$0	$0
RACHEL GEBHARDT	PROGRAMS	5.00	Officer Director	$0	$0	$0
LAURA DODSON	VP AUCTION	5.00	Officer Director	$0	$0	$0
JIM BONSON	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
SHAWN STREY	BOARD MEMBER	1.00	Director	$0	$0	$0
MISTELLE BURG	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS JACOBS	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA ECKHARDT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELICA GARNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA GLEINSER	BOARD MEMBER	1.00	Director	$0	$0	$0
CAYLIN HERLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER HOLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER KRAUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK ZINSMEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR HENSLEY CONE	SUPERINTENDENT LVISD	2.00	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
2025	No data	No data	No data	No data
2024	$136,090	$187,646	$200,329	$-51,556
2023	$237,753	$200,303	$251,885	$37,450
2022	$197,255	$112,024	$214,435	$85,231
2021	$131,860	$144,333	$139,204	$-12,473
2020	$77,407	$78,675	$211,799	$-1,268
2019	$137,860	$86,817	$155,612	$51,043