LAGCOE (EIN 721002999) - 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

1984

Legal Domicile

Principal Officer

KEITH SEILHAN

Phone

3372354055

Tax Period

2024-01-01 to 2024-12-31

LAGCOE, founded in 1984, is a small nonprofit that reported $337K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $451K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO CULTIVATE ECONOMIC GROWTH OF THE ENERGY INDUSTRY BY FACILITANG DOMESTIC AND GLOBAL BUSINESS DEVELOPMENT AND FOSTERING THE ENERGY WORKFORCE PIPELINE.

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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 $13,200

Program Service Revenue $311,146

Investment Income $12,265

Other Revenue $0

TOTAL REVENUE $336,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,024

Fundraising Expenses $0

Program Expenses $370,280

Other Expenses $313,799

TOTAL EXPENSES $450,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,611	$212,362	+0.6%
Expenses	$450,823	$427,229	+0.1%
Net Income	$-114,212	$-214,867	-0.5%

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

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

$88,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH SEILHAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LARRY TOLLESON	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
JUSTIN COURVILLE	CHAIRMAN ELECT	1.00	Officer Director	$0	$0	$0
GREG HERNANDEZ	TREASURER	1.00	Officer Director	$0	$0	$0
BLAKE BROUSSARD	DIRECTOR	0.00	Director	$0	$0	$0
DOUG VOISIN	DIRECTOR	0.00	Director	$0	$0	$0
TULLY BLANCHARD	DIRECTOR	0.00	Director	$0	$0	$0
DAWN COLE	DIRECTOR	0.00	Director	$0	$0	$0
JOSHUA CREDEUR	DIRECTOR	0.00	Director	$0	$0	$0
PATRICK EILAND	DIRECTOR	0.00	Director	$0	$0	$0
BRENDA STELLY	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT MOORE	DIRECTOR	0.00	Director	$0	$0	$0
FUMY RITA	EXECUTIVE DIRECTOR & SECRE	40.00	Officer	$88,000	$0	$88,000

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	$336,611	$450,823	$612,821	$-114,212
2023	$212,362	$427,229	$714,990	$-214,867
2022	$698,798	$865,549	$928,234	$-166,751
2021	$190,437	$489,156	$1,102,569	$-298,719
2020	$101,408	$397,984	$1,393,866	$-296,576
2019	$812,178	$865,806	$1,891,426	$-53,628

LAGCOE