LYNCHBURG CITY SCHOOLS EDUCATION F… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

ERIK NYGAARD

Phone

4345155081

Tax Period

2024-07-01 to 2025-06-30

LYNCHBURG CITY SCHOOLS EDUCATION FOUNDATION INC, founded in 1985, is a small nonprofit that reported $645K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $845K exceeded revenue, resulting in a 31% operating deficit.

Mission

ADVANCING EXCELLENCE AND EQUITY IN THE LYNCHBURG CITY SCHOOLS THROUGH ADVOCACY AND EDUCATIONAL FUNDING.

Program Service Accomplishments

Program 1

Expenses: $512,970

PROVIDE GRANTS TO TEACHERS TO REIMBURSE FOR COST OF ADDITIONAL ACTIVITIES FOR STUDENTS AT LYNCHBURG CITY SCHOOLS.

Program 2

Expenses: $41,773

TOOLS4SCHOOLS PROVIDES A WAY FOR COMPANIES TO PROVIDE NEEDED ADDITIONAL RESOURCES TO SCHOOLS AND TEACHERS.

Program 3

Expenses: $199,016

THE FOUNDATION MANAGES SPONSORED SCHOLARSHIPS AND PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $607,998

Program Service Revenue $0

Investment Income $38,884

Other Revenue $-1,693

TOTAL REVENUE $645,189

Expense Breakdown

Grants Paid $296,222

Salaries & Benefits $124,112

Fundraising Expenses $0

Program Expenses $753,759

Other Expenses $424,631

TOTAL EXPENSES $844,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$645,189	$481,920	+0.3%
Expenses	$844,965	$439,830	+0.9%
Net Income	$-199,776	$42,090	-5.7%

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

$60,900

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L KIMBALL PAYNE	VICE-PRESIDENT	1.00	Director	$0	$0	$0
MATT SCHEWEL	TREASURER	1.00	Director	$0	$0	$0
DR JOHN CAPPS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE DOYLE	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DR BENJAMIN COPELAND	EX OFFICIO	1.00	Director	$0	$0	$0
BEVERLY MCCLOSKEY	DIRECTOR	1.00	Director	$0	$0	$0
DARLA EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
DENISE JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
EM FRANKFORT	DIRECTOR	1.00	Officer Director	$0	$0	$0
ERIK NYGAARD	DIRECTOR	1.00	Director	$0	$0	$0
VIVIAN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JACK SORRELLS	DIRECTOR	1.00	Director	$0	$0	$0
KATE WALL	DIRECTOR	1.00	Director	$0	$0	$0
MARJETTE UPSHUR	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD TUGMAN	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA MCGOVERN	DIRECTOR	1.00	Director	$0	$0	$0
GARY HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
DAWN FIELDS WISE	EXECUTIVE DIRECTOR	35.00	Key Emp	$60,900	$0	$60,900

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	$645,189	$844,965	$823,371	$-199,776
2024	$481,920	$439,830	$1,026,541	$42,090
2023	$457,542	$370,758	$982,225	$86,784
2022	$531,347	$363,148	$886,007	$168,199
2021	$420,913	$281,823	$758,112	$139,090
2020	$332,164	$228,715	$605,437	$103,449
2019	$316,982	$246,976	$493,869	$70,006

LYNCHBURG CITY SCHOOLS EDUCATION FOUNDATION INC