LANE COLLEGE (EIN 620570060) - 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

1909

Legal Domicile

Principal Officer

Donald Comer

Phone

7314267539

Tax Period

2024-07-01 to 2025-06-30

LANE COLLEGE, founded in 1909, is a mid-sized nonprofit in the Education sector that reported $23.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Net assets of $63.1M represent 32 months of operating reserves.

Mission

LANE COLLEGE IS A PRIVATE,CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING,INSTRUCTION AND SUPPORT SERVICES.

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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 $10,316,942

Program Service Revenue $12,605,756

Investment Income $376,950

Other Revenue $0

TOTAL REVENUE $23,299,648

Expense Breakdown

Grants Paid $2,374,673

Salaries & Benefits $10,634,926

Fundraising Expenses $0

Program Expenses $20,109,592

Other Expenses $10,599,556

TOTAL EXPENSES $23,609,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,299,648	$25,431,203	-0.1%
Expenses	$23,609,155	$26,163,961	-0.1%
Net Income	$-309,507	$-732,758	-0.6%

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

434

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

$701,205

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR LOGAN HAMPTON	FORMER PRESIDENT	40.00		$492,758	$28,735	$521,493
Donald Comer	Interim Pres	40.00	Officer	$226,610	$0	$226,610
Tangela Poole	CFO	40.00	Officer	$110,592	$0	$110,592
DARRYL MCGEE	VP STUDENT AFFAIRS	40.00		$106,832	$0	$106,832
Dr Louis Cook	Executive VP	40.00	Officer	$102,692	$0	$102,692
Consuella Davis	Former VP	40.00		$102,692	$0	$102,692
Darlette Samuels	VP Advancement	40.00	Officer	$98,497	$0	$98,497
Surina Renay Dixon	Interim Ath Dir	40.00	Officer	$85,789	$0	$85,789
Alatorya V Cranford	VP Student Aff	40.00	Officer	$77,025	$0	$77,025
Ms E Florence Hervery	Trustee	5.00	Director	$0	$0	$0
Mr John T Greene	Trustee	5.00	Director	$0	$0	$0
Rev Dr Ronald Powe	Trustee	5.00	Director	$0	$0	$0
DrCarmichael Crutchfield	Trustee	5.00	Director	$0	$0	$0
Dr Jermane Bond	Trustee	5.00	Director	$0	$0	$0
Ms Melissa B Clinton	Trustee	5.00	Director	$0	$0	$0
Mr Marcus Greene	Trustee	5.00	Director	$0	$0	$0
Ms Michelle Marshall	Trustee	5.00	Director	$0	$0	$0
Dr Keith H Taylor	Vice Chair	5.00	Director	$0	$0	$0
Dr Jesse Tyson	Trustee	5.00	Director	$0	$0	$0
Mrs Karen Henning	Faculty Rep	5.00	Director	$0	$0	$0
Mr Keith Jordan	Student Rep.	5.00	Director	$0	$0	$0
Dr Aminah F Gooch	Faculty Rep	5.00	Director	$0	$0	$0
Ms Pamela C Springfield	Secretary	5.00	Director	$0	$0	$0
Dr Claude A Bass	Trustee	5.00	Director	$0	$0	$0
Dr Doris F Boyd	Trustee	5.00	Director	$0	$0	$0
Dr John D Calhoun	Trustee	5.00	Director	$0	$0	$0
Dr Louis E Cunningham	Trustee	5.00	Director	$0	$0	$0
Dr Jessie Edwards	Trustee	5.00	Director	$0	$0	$0
Mr Dacry Harris	Trustee	5.00	Director	$0	$0	$0
Voresa Booker	Trustee	5.00	Director	$0	$0	$0
Mr Gary A Taylor	Trustee	5.00	Director	$0	$0	$0
Ms Jacqueline I Scott	Trustee	5.00	Director	$0	$0	$0
Rev Wayne Williams	Trustee	5.00	Director	$0	$0	$0
Dr Pene Woods	Trustee	5.00	Director	$0	$0	$0
Bishop Marvin F Thomas	Chair	5.00	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	$23,299,648	$23,609,155	$67,567,408	$-309,507
2024	$25,431,203	$26,163,961	$67,327,695	$-732,758
2023	$32,410,477	$35,998,090	$62,486,940	$-3,587,613
2022	$34,131,294	$35,286,006	$65,638,607	$-1,154,712
2021	$59,120,942	$26,692,166	$67,139,615	$32,428,776
2020	$28,814,382	$27,752,083	$60,352,385	$1,062,299
2019	$27,748,010	$27,553,995	$58,120,724	$194,015
2018	$27,739,226	$28,134,235	$56,839,107	$-395,009

LANE COLLEGE