LLOYD KENNEDY CHARTER SCHOOL

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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

KEISHA LLOYD-KENNEDY

Phone

8036444824

Tax Period

2019-07-01 to 2020-06-30

LLOYD KENNEDY CHARTER SCHOOL, founded in 2001, is a small nonprofit that reported $842K in total revenue in fiscal year 2019. Expenses of $961K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE LKCS WAS DESIGNED TO ATTRACT PARENTS SEARCHING FOR A SMALLER, NURTURING ACADEMIC ENVIRONMENT FOR THEIR CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $633,573 Revenue: $13,298

THE LKCS COLLABORATES WITH STAKEHOLDERS TO PROMOTE EDUCATIONAL PROGRESS AMONG STUDENTS REGARDLESS OF THEIR ACADEMIC, SOCIAL, AND/OR PERSONAL DIFFICULTIES BY FOCUSING ON THEIR INDIVIDUAL LEARNING...

THE LKCS COLLABORATES WITH STAKEHOLDERS TO PROMOTE EDUCATIONAL PROGRESS AMONG STUDENTS REGARDLESS OF THEIR ACADEMIC, SOCIAL, AND/OR PERSONAL DIFFICULTIES BY FOCUSING ON THEIR INDIVIDUAL LEARNING STYLES AND DEVELOPING THE LIFE SKILLS THEY WILL NEED TO BE SUCCESSFUL CITIZENS. ALTHOUGH WE WERE CREATED TO EDUCATE STUDENTS WHO ARE ACADEMICALLY, PERSONALLY AND/OR SOCIALLY AT RISK; OUR SCHOOL IS ATTRACTIVE TO PARENTS AND STUDENTS SEARCHING FOR A SMALLER, NURTURING, ACADEMIC ENVIRONMENT. WE DEFINE OUR "UNIQUE APPROACH" AS TAKING INTO ACCOUNT EACH STUDENT'S BACKGROUND AND SETTING INDIVIDUAL BENCHMARKS FOR THEIR ACADEMIC GROWTH. STUDENT ENROLLMENT IS LIMITED TO ENSURE A SMALLER CLASS SIZE AND A MAXIMUM TEACHER-STUDENT RATIO OF 1:12 DUE TO THE COVID-19 PANDEMIC AND PRATICE MITIGATION HEALTH AND SAFETY STANDARDS IN ACCORDANCE WITH THE SCDHEC AD CDC. DUE TO THE PANDEMIC THE STUDENT POPULATION HAS DECLINED TO 56 STUDENTS. AS A SMALL MINORITY OWNED BUSINESS GREATLY IMPACTED BY COVID-19, THE CHARTER WILL CLOSE IN JUNE 2021.

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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 (2019)

Revenue Breakdown

Contributions & Grants $827,676

Program Service Revenue $13,298

Investment Income $654

Other Revenue $0

TOTAL REVENUE $841,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $545,400

Fundraising Expenses $519

Program Expenses $633,573

Other Expenses $415,603

TOTAL EXPENSES $961,003

Year-over-Year Comparison

	2019	2018	Change
Revenue	$841,628	$824,423	+0.0%
Expenses	$961,003	$891,880	+0.1%
Net Income	$-119,375	$-67,457	+0.8%

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

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

$77,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEISHA LLOYD-KENNEDY	BOARD DESIGNEE	30.00	Director	$77,350	$0	$77,350
STEPHANIE LOTT	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRENDA LLOYD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SALISA MCTEER	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DONNA KNOPP	FACULTY REP	40.00	Director	$0	$0	$0
VALERIE JONES	ADMINISTRATIVE REP	10.00	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
2020	$841,628	$961,003	$2,084,714	$-119,375
2019	$824,423	$891,880	$1,836,243	$-67,457
2018	$1,087,708	$981,086	$2,021,610	$106,622