LEMAN EDUCATIONAL SERVICES INC

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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

Kevin Leman

Phone

5208865354

Tax Period

2017-07-01 to 2018-06-30

LEMAN EDUCATIONAL SERVICES INC, founded in 2015, is a small nonprofit in the Education sector that reported $794K in total revenue in fiscal year 2017. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $984K exceeded revenue, resulting in a 24% operating deficit.

Mission

The mission of Leman Educational Services, Inc. is to create a network of schools that offer a rigorous classical education based on the traditions of Western culture where all disciplines are interrelated allowing scholars the ability to think independently and critically.

Program Service Accomplishments

Program 1

Expenses: $877,887 Revenue: $779,656

Leman Educational Services provided support for two Leman Academy of Excellence campuses during fiscal year 2016 pursuant to a management contract. The school receives best practices and governance oversight, curriculum development, special education expertise, business strategy, marketing support, facility development, information technology and other various administrative services from Leman Educational Services.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $779,656

Investment Income $0

Other Revenue $14,611

TOTAL REVENUE $794,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $440,219

Fundraising Expenses $13,789

Program Expenses $877,887

Other Expenses $543,318

TOTAL EXPENSES $983,537

Year-over-Year Comparison

	2017	2016	Change
Revenue	$794,267	$1,159,718	-0.3%
Expenses	$983,537	$1,306,983	-0.2%
Net Income	$-189,270	$-147,265	+0.3%

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

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

$112,573

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Leman	President	1	Director	$0	$0	$0
Mitchell Stallard	Treasurer	1	Director	$0	$0	$0
Michael Farley	Secretary	20	Director	$0	$0	$0
Ronald Hatcher	Director	0.5	Director	$0	$0	$0
Chris Desimone	Director	1	Director	$0	$0	$0
Dennis O'Reilly	Head of Schools	50	Key Emp	$112,573	$0	$112,573
Joseph Higgins	CEO	50	Highest	$117,251	$0	$117,251

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	$794,267	$983,537	$875	$-189,270