Lawrence County Higher Education Commission (EIN 621331443) - 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

1988

Legal Domicile

Principal Officer

Mike Crane

Phone

9317627167

Tax Period

2023-07-01 to 2024-06-30

Lawrence County Higher Education Commission, founded in 1988, is a micro nonprofit in the Community Improvement sector that reported $11K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $20K exceeded revenue, resulting in a 86% operating deficit.

Mission

Promote education, especially adult education, to increase employability in an undereducated population

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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 $11,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,000

Expense Breakdown

Grants Paid $20,138

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,138

Other Expenses $340

TOTAL EXPENSES $20,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,000	$25,000	-0.6%
Expenses	$20,478	$5,352	+2.8%
Net Income	$-9,478	$19,648	-1.5%

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
Jim Cone	President	5.00	Officer	$0	$0	$0
Christy Thompson	Board Member	1.00	Officer	$0	$0	$0
Mike Crane	Treasurer	3.00	Officer	$0	$0	$0
Rodney Robinson	Board Member	1.00	Officer	$0	$0	$0
Johnny McDaniel	Board Member	1.00	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	No data	No data	No data	No data
2024	$11,000	$20,478	$117,675	$-9,478
2023	$25,000	$5,352	$127,153	$19,648
2022	$373,886	$523,659	$107,505	$-149,773
2021	$221,940	$530,409	$257,277	$-308,469
2020	$89,200	$148,137	No data	$-58,937
2019	$105,573	$10,355	No data	$95,218
2018	$837,300	$307,834	$529,466	$529,466

Lawrence County Higher Education Commission