LASSITER FOUNDATION INC (EIN 582123791) - 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

2007

Legal Domicile

Principal Officer

CHRIS RITCHIE

Phone

6784947863

Tax Period

2023-01-01 to 2023-12-31

LASSITER FOUNDATION INC, founded in 2007, is a micro nonprofit in the Education sector that reported $939 in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $799, a strong 85% operating margin.

Mission

AWARD SCHOLARSHIPS TO DESERVING STUDENTS ALONG WITH ENHANCING ATHLETIC FACILITIES AT LASSISTER HIGH SCHOOL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $939

Other Revenue $0

TOTAL REVENUE $939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $140

TOTAL EXPENSES $140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$939	$6,208	-0.8%
Expenses	$140	$3,665	-1.0%
Net Income	$799	$2,543	-0.7%

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

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
CHRIS RICHIE	CEO	2.00	Officer Director	$0	$0	$0
DWIGHT BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN MOORE	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICK WINCHESTER	BOARD MEMBER	2.00	Director	$0	$0	$0
TONY CARLSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIK JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID CHILDREE	TEACHER REP	2.00	Director	$0	$0	$0
ANN RIVES	TEACHER REP	2.00	Director	$0	$0	$0
SHARON SPANN	TEACHER REP	2.00	Director	$0	$0	$0
BOB PENTER	Director	4.00	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	No data	No data	No data	No data
2023	$939	$140	$1,274,253	$799
2022	$6,208	$3,665	$1,283,456	$2,543
2021	$8,005	$3,057	$1,287,538	$4,948
2020	$2,493	$6,685	$1,287,590	$-4,192
2019	$21,826	$6,417	$1,301,782	$15,409
2018	$37,368	$22,646	$1,303,870	$14,722

LASSITER FOUNDATION INC