L P S DEVELOPMENT CORPORATION

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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

1992

Legal Domicile

Principal Officer

MATTHEW TRENT

Phone

2148262931

Tax Period

2024-08-01 to 2025-07-31

L P S DEVELOPMENT CORPORATION, founded in 1992, is a micro nonprofit in the Education sector that reported $194K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION WAS ESTABLISHED TO RECEIVE, MAINTAIN AND OWN REAL ESTATE AND USE ANY OR ALL THE DERIVED INCOME FOR EDUCATIONAL PURPOSES AS NEEDED BY LAKEHILL PREPARATORY SCHOOL.

Program Service Accomplishments

Program 1

THE ORGANIZATION WAS ESTABLISHED TO RECEIVE, MAINTAIN AND OWN REAL ESTATE AND USE ANY OR ALL THE DERIVED INCOME FOR EDUCATIONAL PURPOSES AS NEEDED BY LAKEHILL PREPARATORY SCHOOL.

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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 $0

Investment Income $0

Other Revenue $-193,786

TOTAL REVENUE $-193,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-193,786	$-201,811	0.0%
Expenses	N/A	N/A	N/A
Net Income	N/A	$-201,811	N/A

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
MATTHEW TRENT	President	1.00	Officer Director	$0	$0	$0
KAREN OWEN	VP/SECRETARY	1.00	Officer Director	$0	$0	$0
KATIE LAVIE	Treasurer	1.00	Officer Director	$0	$0	$0
GREGORY CHALDFIN-FROM 725	HEAD OF SCHOOL	1.00	Officer 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	$-193,786	No data	$10,168,047	No data
2024	No data	No data	No data	No data
2023	$-111,708	No data	$10,627,127	No data
2022	$-107,917	No data	$10,203,391	No data
2021	$-123,840	No data	$10,424,647	No data
2020	$-141,177	No data	$10,821,875	No data
2019	$-157,606	No data	$11,219,102	No data
2018	$-212,183	No data	$11,616,331	No data