VANGUARD SCHOOL FOUNDATION INC

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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

1998

Legal Domicile

Principal Officer

LU SHANNON GRAVES

Phone

8636766091

Tax Period

2023-07-01 to 2024-06-30

VANGUARD SCHOOL FOUNDATION INC, founded in 1998, is a small nonprofit in the Education sector that reported $376K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $762K exceeded revenue, resulting in a 103% operating deficit.

Mission

TO PROVIDE FINANCIAL SUPPORT TO THE VANGUARD SCHOOL OF LAKE WALES FLORIDA, INC (THE SCHOOL) FOR FINANCIAL ASSISTANCE OR SCHOLARSHIPS TOWARDS TUITION FOR STUDENTS OF THE SCHOOL TO PROVIDE EDUCATIONAL ASSISTANCE TO EXCEPTIONAL CHILDREN, WITHOUT REGARD TO RACE, COLOR, OR CREED. ALSO TO HELP FUND OTHER PURPOSES OF THE SCHOOL SHALL DEEM APPROPRIATE FROM TIME TO TIME.

Program Service Accomplishments

Program 1

Expenses: $761,723

TO PROVIDE FINANCIAL SUPPORT TO THE VANGUARD SCHOOL (THE SCHOOL) FOR FINANCIAL ASSISTANCE OR SCHOLARSHIPS TOWARDS TUITION FOR STUDENTS OF THE SCHOOL TO PROVIDE EDUCATIONAL ASSISTANCE TO EXCEPTIONAL CHILDREN, WITHOUT REGARD TO RACE, COLOR, OR CREED. ALSO TO HELP FUND OTHER PURPOSES OF THE SCHOOL SHALL DEEM APPROPRIATE FROM TIME TO TIME. THERE WERE 62 SCHOLARSHIP RECIPIENTS DURING THE FISCAL YEAR.

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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 $5,100

Program Service Revenue $0

Investment Income $371,033

Other Revenue $0

TOTAL REVENUE $376,133

Expense Breakdown

Grants Paid $761,723

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $761,723

Other Expenses $150

TOTAL EXPENSES $761,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,133	$198,554	+0.9%
Expenses	$761,873	$492,127	+0.5%
Net Income	$-385,740	$-293,573	+0.3%

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

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
VICTOR STORY	CHAIRMAN	0.50	Officer Director	$0	$0	$0
CHARLES BALDWIN	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
JOHN CRYAN	TREASURER - AS OF 11/2023	0.50	Officer Director	$0	$0	$0
CINDY ALEXANDER	TRUSTEE - AS OF 11/2023	0.50	Director	$0	$0	$0
CHASE BRUTTEN	TRUSTEE - AS OF 11/2023	0.50	Director	$0	$0	$0
PATRICIA BRUTTEN	TRUSTEE - AS OF 11/2023	0.50	Director	$0	$0	$0
JIM HACKL	TRUSTEE - AS OF 11/2023	0.50	Director	$0	$0	$0
TOM OWEN	TRUSTEE	0.50	Director	$0	$0	$0
CARL REISER	TRUSTEE	0.50	Director	$0	$0	$0
ABBEY UPDIKE SKIPPER	TRUSTEE	0.50	Director	$0	$0	$0
GLENN STREHLE	TRUSTEE	0.50	Director	$0	$0	$0
JUNE ULLMAN	TRUSTEE	0.50	Director	$0	$0	$0
LU SHANNON GRAVES	PRESIDENT	0.50	Officer	$0	$0	$0
TAMIKA SMITH	TOP FINANCIAL OFFICIAL - THRU 8/23	0.50	Officer	$0	$0	$0
TIM KNAVEL	TOP FINANCIAL OFFICIAL	0.50	Officer	$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	No data	No data	No data	No data
2024	$376,133	$761,873	$6,419,174	$-385,740
2023	$198,554	$492,127	$5,963,147	$-293,573
2022	$391,232	$839,256	$5,560,765	$-448,024
2021	$373,705	$349,219	$7,262,858	$24,486
2020	$214,655	$312,618	$5,663,166	$-97,963
2019	$248,202	$253,205	$5,670,199	$-5,003
2018	$353,696	$251,167	$5,519,225	$102,529