LOU TATE FOUNDATION INC (EIN 610961553) - 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

1979

Legal Domicile

Principal Officer

Jordan Witherspoon

Phone

5023674792

Tax Period

2024-07-01 to 2025-06-30

LOU TATE FOUNDATION INC, founded in 1979, is a small nonprofit that reported $192K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 20% operating margin.

Mission

to continue the legacy of Lou Tate in the education of the history of weaving and textile arts through diverse programs residencies and community partnerships that ensure the preservation of the Little Loomhouse cabins.

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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 $131,653

Program Service Revenue $47,970

Investment Income $0

Other Revenue $12,019

TOTAL REVENUE $191,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,388

Fundraising Expenses $0

Program Expenses $107,228

Other Expenses $57,797

TOTAL EXPENSES $153,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,642	$128,795	+0.5%
Expenses	$153,185	$112,577	+0.4%
Net Income	$38,457	$16,218	+1.4%

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

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

$1,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rachel Roarx	President Emeritus	4.00	Officer	$0	$0	$0
Layah Hodges	Director	4.00	Director	$0	$0	$0
Erin Crux	Secretary	4.00	Officer	$0	$0	$0
Andrea Davis	Treasurer	4.00	Officer	$0	$0	$0
Heidi Stoll	Director	2.00	Director	$0	$0	$0
Rosa Roma	Director	2.00	Director	$800	$0	$800
Manuela Escobar	Director	2.00	Director	$0	$0	$0
Jordan Witherspoon	President	2.00	Officer	$0	$0	$0
Jenna Richards	Director	2.00	Director	$600	$0	$600
Michelle Amos	Executive Director	35.00	Highest	$45,055	$0	$45,055
Maria Tinnell	Vice-President	4.00	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	$191,642	$153,185	$216,218	$38,457
2024	$128,795	$112,577	$181,536	$16,218
2023	$141,286	$136,146	$162,505	$5,140
2022	$141,867	$107,335	$175,153	$34,532
2021	$88,882	$82,381	$121,552	$6,501
2020	$102,148	$76,614	$113,306	$25,534
2019	$96,826	$74,868	$87,968	$21,958
2018	$74,839	$59,685	$66,614	$15,154

LOU TATE FOUNDATION INC