FRANKIE LEMMON SCHOOL AND DEVELOPMENTAL CENTER (EIN 560931467) - 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

1967

Legal Domicile

Principal Officer

MARSHA HARGETTE

Phone

9198458880

Tax Period

2024-07-01 to 2025-06-30

FRANKIE LEMMON SCHOOL AND DEVELOPMENTAL CENTER, founded in 1967, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2024.

Mission

PROVIDE LIFE-CHANGING EDUCATION AND THERAPY TO CHILDREN WITH SPECIAL NEEDS.

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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 $2,516,892

Program Service Revenue $914,503

Investment Income $4,780

Other Revenue $4,049

TOTAL REVENUE $3,440,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,556,058

Fundraising Expenses $54,702

Program Expenses $3,038,149

Other Expenses $951,618

TOTAL EXPENSES $3,507,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,440,224	$3,579,822	0.0%
Expenses	$3,507,676	$3,372,379	+0.0%
Net Income	$-67,452	$207,443	-1.3%

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

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

$383,311

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN HUGHES	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
MARTHA DERBYSHIRE	BOARD VICE CHAIR	0.50	Officer Director	$0	$0	$0
TREY BAILEY	SECRETARY	0.50	Officer Director	$0	$0	$0
MEREDITH KEYES	TREASURER/ FINANCE COMMITTEE	0.50	Officer Director	$0	$0	$0
MATT ARNOLD	BOARD MEMBER	0.50	Director	$0	$0	$0
AMY BRITT	BOARD MEMBER	0.50	Director	$0	$0	$0
ANGIE BUCHANAN	BOARD MEMBER	0.50	Director	$0	$0	$0
ETTA BUCKMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID CARRIER	BOARD MEMBER	0.50	Director	$0	$0	$0
ADAM DERBYSHIRE	BOARD MEMBER	0.50	Director	$0	$0	$0
BARRY GARDNER	BOARD MEMBER	0.50	Director	$0	$0	$0
PAUL HART	BOARD MEMBER	0.50	Director	$0	$0	$0
EMILY HODGES	BOARD MEMBER	0.50	Director	$0	$0	$0
MIKE NICHOLS	BOARD MEMBER	0.50	Director	$0	$0	$0
JOE PATTERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
LEE PRYOR	BOARD MEMBER	0.50	Director	$0	$0	$0
DR LILY ROGERS HARRIS	BOARD MEMBER	0.50	Director	$0	$0	$0
JUDGE VINCE ROZIER	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL THOMAS	BOARD MEMBER	0.50	Director	$0	$0	$0
DOUG WARF	BOARD MEMBER	0.50	Director	$0	$0	$0
PAUL WARREN	BOARD MEMBER	0.50	Director	$0	$0	$0
MARSHA HARGETTE	EXECUTIVE DIRECTOR	10.00	Officer	$0	$7,467	$175,291
REBECCA SMITH	SCHOOL DIRECTOR	35.00	Officer	$106,124	$5,399	$111,523
PETE EKENSTIERNA	FINANCE MANAGER	10.00	Officer	$0	$3,820	$96,497

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	$3,440,224	$3,507,676	$4,263,569	$-67,452
2024	No data	No data	No data	No data
2023	$2,724,948	$2,734,917	$4,371,715	$-9,969
2022	$2,097,569	$2,154,056	$4,527,060	$-56,487
2021	$2,047,074	$2,047,074	$4,949,499	No data
2020	$2,328,836	$2,333,647	$5,049,929	$-4,811
2019	$2,256,290	$2,181,581	$4,928,817	$74,709
2018	$2,696,676	$1,914,512	$4,994,177	$782,164

FRANKIE LEMMON SCHOOL AND DEVELOPMENTAL CENTER