Frances Lacy Elementary Foundation (EIN 562272645) - 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

2001

Legal Domicile

Principal Officer

Danny Lumsden

Phone

2524326924

Tax Period

2024-07-01 to 2025-06-30

Frances Lacy Elementary Foundation, founded in 2001, is a small nonprofit in the Education sector that reported $339K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

To enrich the educational experience for all Frances Lacy Elementary Students by funding assistant teachers and specialists' salaries that are out of the scope of the state budget.

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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 $259,720

Program Service Revenue $0

Investment Income $8,127

Other Revenue $70,976

TOTAL REVENUE $338,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $355,000

Other Expenses $359,572

TOTAL EXPENSES $359,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,823	$371,485	-0.1%
Expenses	$359,572	$343,081	+0.0%
Net Income	$-20,749	$28,404	-1.7%

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

N/A

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lauren Leager	President	2.00	Officer Director	$0	$0	$0
Michael MacGovern	Principal	1.00	Director	$0	$0	$0
Cooper Tharrington	Treasurer	1.00	Officer Director	$0	$0	$0
Danny Lumsden	Past President	1.00	Director	$0	$0	$0
Amy Jones	PTA Liaison	1.00	Director	$0	$0	$0
Frances Finch	Chair	1.00	Director	$0	$0	$0
Maggie Clougherty	Secretary	1.00	Officer Director	$0	$0	$0
Leeann Phipps	Advisor	1.00	Director	$0	$0	$0
David Rose	Advisor	1.00	Director	$0	$0	$0
Meredith Saleh	President Elect	1.00	Director	$0	$0	$0
Gardner Gibson	PTA Liaison	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
2025	$338,823	$359,572	$186,972	$-20,749
2024	$371,485	$343,081	$194,960	$28,404
2023	$334,080	$357,447	$130,915	$-23,367
2022	$293,646	$500,251	$141,381	$-206,605
2021	$262,570	$206,308	$330,508	$56,262
2020	$196,652	$132,494	$250,736	$64,158

Frances Lacy Elementary Foundation