LS CLASSIC FOUNDATION (EIN 742931329) - 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

2000

Legal Domicile

Principal Officer

L DOUGLAS ENGLISH

Phone

5128285625

Tax Period

2023-01-01 to 2023-12-31

LS CLASSIC FOUNDATION, founded in 2000, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 74% operating margin.

Mission

TO CURE SPINAL CORD PARALYSIS (SCP) THROUGH FUNDING RESEARCH, RECOVERY AND RECREATION (THREE R'S).

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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 $2,289,327

Program Service Revenue $0

Investment Income $66,953

Other Revenue $221,199

TOTAL REVENUE $2,577,479

Expense Breakdown

Grants Paid $121,143

Salaries & Benefits $234,652

Fundraising Expenses $1,964

Program Expenses $656,708

Other Expenses $313,969

TOTAL EXPENSES $669,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,577,479	$1,156,506	+1.2%
Expenses	$669,764	$685,689	0.0%
Net Income	$1,907,715	$470,817	+3.1%

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

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

$18,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L DOUGLAS ENGLISH	PRESIDENT	2.00	Officer Director	$0	$0	$0
JACK RANNEY	VICE PRES.	0.00	Officer Director	$0	$0	$0
LAURA PECK	SECRETARY	0.00	Officer Director	$0	$0	$0
KELLY SHARP	BOARD MEMBER	0.00	Director	$0	$0	$0
STEVE BARTHOLEMEW	BOARD MEMBER	2.00	Director	$0	$0	$0
CARL MILLER	BOARD MEMBER	0.00	Director	$0	$0	$0
BILL ENGVALL	BOARD MEMBER	0.00	Director	$0	$0	$0
HOLLY MUNIN	BOARD MEMBER	0.00	Director	$0	$0	$0
DANIEL CURTIS	BOARD MEMBER	2.00	Director	$0	$0	$0
LESLEE MASSEY	BOARD MEMBER	0.00	Director	$0	$0	$0
JAVIER CORONA	BOARD MEMBER	2.00	Director	$0	$0	$0
LANCE WINN	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL HORTON	BOARD MEMBER	0.00	Director	$0	$0	$0
NICK FOLES	BOARD MEMBER	0.00	Director	$0	$0	$0
MIKE HAYNES	EXEC. DIR.	40.00	Officer	$18,000	$0	$18,000

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	No data	No data	No data	No data
2023	$2,577,479	$669,764	$2,941,969	$1,907,715
2022	$1,156,506	$685,689	$1,036,001	$470,817
2021	$509,558	$783,604	$501,248	$-274,046
2020	$408,252	$630,961	$772,702	$-222,709
2019	$871,915	$910,089	$999,190	$-38,174
2018	$740,345	$775,231	$1,047,532	$-34,886

LS CLASSIC FOUNDATION