LAND GRANT UNIVERSITY TAX EDUCATION FOUNDATION (EIN 743015783) - 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

2001

Legal Domicile

Principal Officer

KEVIN BURKETT

Phone

9793242772

Tax Period

2024-01-01 to 2024-12-31

LAND GRANT UNIVERSITY TAX EDUCATION FOUNDATION, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $948K left a modest 8% surplus.

Mission

TO DEVELOP AND PROVIDE FEDERAL TAXATION EDUCATIONAL MATERIALS.

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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 $0

Program Service Revenue $1,024,513

Investment Income $5,165

Other Revenue $0

TOTAL REVENUE $1,029,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,302

Fundraising Expenses $0

Program Expenses $847,278

Other Expenses $626,402

TOTAL EXPENSES $947,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,029,678	$952,314	+0.1%
Expenses	$947,704	$928,244	+0.0%
Net Income	$81,974	$24,070	+2.4%

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

$319,502

Total Directors

$9,721

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C ROB HOLCOMB	DIRECTOR/CHAIR	5.00	Officer Director	$7,921	$0	$7,921
J C HOBBS	DIRECTOR	5.00	Director	$1,800	$0	$1,800
MARY SOBBA	VP FOR ADMINISTRATION	5.00	Officer Director	$0	$0	$0
JOHN JONES	DIRECTOR/SECRETARY	5.00	Officer Director	$0	$0	$0
ADAM KANTROVICH	DIRECTOR	5.00	Director	$0	$0	$0
BARRY WARD	DIRECTOR	5.00	Director	$0	$0	$0
ALAN GALLOWAY	DIRECTOR	5.00	Director	$0	$0	$0
LORI B MILLER	VP FOR EDITORIAL SERVICES	20.00	Officer	$217,406	$0	$217,406
CONNIE SMOTEK	CAO/TREASURER	12.00	Officer	$47,400	$0	$47,400
GUIDO VAN DER HOEVEN	PRESIDENT	10.00	Officer	$46,775	$0	$46,775

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	$1,029,678	$947,704	$497,804	$81,974
2023	$952,314	$928,244	$418,603	$24,070
2022	$703,330	$812,081	$394,533	$-108,751
2021	$859,742	$872,013	$503,284	$-12,271
2020	$647,496	$735,554	$515,555	$-88,058
2019	$992,191	$898,586	$603,613	$93,605
2018	$1,065,972	$896,376	$537,008	$169,596

LAND GRANT UNIVERSITY TAX EDUCATION FOUNDATION