Lansing Kansas Scholarship Fund Inc (EIN 481038337) - 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

1987

Legal Domicile

Principal Officer

Linda Babcock

Tax Period

2023-11-01 to 2024-10-31

Lansing Kansas Scholarship Fund Inc, founded in 1987, is a micro nonprofit in the Education sector that reported $34K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $79K exceeded revenue, resulting in a 130% operating deficit.

Mission

Provide Scholarships to graduating seniors of Lansing High School for continuing education endeavors at various Universities, Colleges, and Vocational Technical Schools of higher learning.

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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 $2,000

Program Service Revenue $0

Investment Income $32,342

Other Revenue $0

TOTAL REVENUE $34,342

Expense Breakdown

Grants Paid $66,124

Salaries & Benefits $5,000

Fundraising Expenses $0

Program Expenses $73,805

Other Expenses $8,033

TOTAL EXPENSES $79,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,342	$91,112	-0.6%
Expenses	$79,157	$91,869	-0.1%
Net Income	$-44,815	$-757	+58.2%

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

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

$5,000

Total Directors

$5,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert S Wagner	Treasurer	17.00	Officer Director	$5,000	$0	$5,000
Julie M Anderson	Director	2.00	Director	$0	$0	$0
Priscilla LoPresti	Director	4.00	Director	$0	$0	$0
Robert C Elliott	Director	3.00	Director	$0	$0	$0
Wilbur G Barnes	Director	2.00	Director	$0	$0	$0
Carol Page	Secretary	9.00	Officer Director	$0	$0	$0
David Bergman	Vice President	2.00	Officer Director	$0	$0	$0
Linda Babcock	President	6.00	Officer 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
2024	$34,342	$79,157	$1,244,988	$-44,815
2023	$91,112	$91,869	$1,273,679	$-757
2022	$101,120	$88,588	$1,274,436	$12,532
2021	$102,229	$81,512	$1,263,506	$20,717
2020	$61,659	$71,021	$1,241,189	$-9,362
2019	$74,070	$80,830	$1,250,551	$-6,760
2018	$71,942	$51,551	$1,257,829	$20,391

Lansing Kansas Scholarship Fund Inc