Lake Travis Education Foundation

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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

1985

Legal Domicile

Principal Officer

Kyle Morgan

Phone

5125336010

Tax Period

2024-06-01 to 2025-05-31

Lake Travis Education Foundation, founded in 1985, is a small nonprofit that reported $506K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Net assets of $1.2M represent 28 months of operating reserves.

Mission

Support Teachers and Students with Grants and Scholarships

Program Service Accomplishments

Program 1

Expenses: $108,000 Revenue: $0

To promote scholarship in the Lake Travis Independent School District by providing financial support and guidance

Program 2

Expenses: $269,187 Revenue: $0

To award grants to benefit the students of Lake Travis ISD for items that are needed to improve the classrooms and are not provided through regular school funding.

Program 3

Expenses: $64,113 Revenue: $0

Leadership skills and training

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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 $205,987

Program Service Revenue $0

Investment Income $88,436

Other Revenue $211,135

TOTAL REVENUE $505,558

Expense Breakdown

Grants Paid $377,187

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $441,300

Other Expenses $176,300

TOTAL EXPENSES $553,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$505,558	$862,453	-0.4%
Expenses	$553,487	$664,363	-0.2%
Net Income	$-47,929	$198,090	-1.2%

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
Kyle Morgan	President	2.00	Officer	$0	$0	$0
Gary Wolff	Director	2.00	Director	$0	$0	$0
Christy Black	Director	2.00	Director	$0	$0	$0
Kris Devlin	President Elect	2.00	Director	$0	$0	$0
Tonya Boggan	Past President	2.00	Director	$0	$0	$0
Erin Brown	Director	2.00	Director	$0	$0	$0
Heather Davis	Director	2.00	Director	$0	$0	$0
Andrea Steimle	Secretary	2.00	Officer	$0	$0	$0
Dave Delaria	Director	2.00	Director	$0	$0	$0
Anthony Eppert	Vice President	2.00	Officer	$0	$0	$0
Amy Hanken	Director	2.00	Director	$0	$0	$0
Annmarie Hatfield	Director	2.00	Director	$0	$0	$0
Sarah McAloon	Director	2.00	Director	$0	$0	$0
Tracy Mendez	Director	2.00	Director	$0	$0	$0
Myles Naso	Director	2.00	Director	$0	$0	$0
Brian Prehn	Treasurer	2.00	Officer	$0	$0	$0
Aimee Riebold	Director	2.00	Director	$0	$0	$0
John Severence	Director	2.00	Director	$0	$0	$0
Tom Wiri	Director	2.00	Director	$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	$505,558	$553,487	$1,719,311	$-47,929
2024	$862,453	$664,363	$1,688,478	$198,090
2023	$781,656	$669,006	$1,504,574	$112,650
2022	$744,594	$690,177	$1,045,981	$54,417
2021	$560,077	$430,233	$945,489	$129,844
2020	$495,401	$412,881	$798,682	$82,520
2019	$402,081	$325,671	$673,823	$76,410
2018	$229,196	$325,236	$554,181	$-96,040