LaGrange-Frink Alumni and Friends Association (EIN 561568792) - 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

1983

Legal Domicile

Principal Officer

John Miller

Phone

9193944979

Tax Period

2024-01-01 to 2024-12-31

LaGrange-Frink Alumni and Friends Association, founded in 1983, is a micro nonprofit in the Education sector that reported $63K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $84K exceeded revenue, resulting in a 33% operating deficit.

Mission

Cultural and community development in LaGrange,NC area

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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 $45,123

Program Service Revenue $0

Investment Income $8

Other Revenue $18,250

TOTAL REVENUE $63,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,067

Other Expenses $84,487

TOTAL EXPENSES $84,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,381	$53,424	+0.2%
Expenses	$84,487	$71,165	+0.2%
Net Income	$-21,106	$-17,741	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Lee	Vice President	1.00	Director	$0	$0	$0
Sandra Hardy	Financial Secretary	5.00	Director	$0	$0	$0
Nannie Hill Midgett	President	2.00	Director	$0	$0	$0
John Miller	Cultural Center Director	2.00	Officer	$0	$0	$0
Anita Sykes	Treasurer	1.00	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
2024	$63,381	$84,487	$415,429	$-21,106
2023	$53,424	$71,165	$436,535	$-17,741
2022	$48,576	$66,400	$454,273	$-17,824
2021	$27,322	$46,019	$472,096	$-18,697
2020	$26,649	$46,014	$490,792	$-19,365
2019	$81,533	$75,446	$510,158	$6,087

LaGrange-Frink Alumni and Friends Association