Lewisville Education Foundation Inc

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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

1990

Legal Domicile

Principal Officer

Phone

4699482022

Tax Period

2023-01-01 to 2023-12-31

Lewisville Education Foundation Inc, founded in 1990, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $572K, a strong 33% operating margin.

Mission

The Lewisville Education Foundation is a nonprofit organization with the purpose of providing financial support to the Lewisville Independent School District teachers & students. This purpose is accomplished by the foundation receiving and maintaining cash.

Program Service Accomplishments

Program 1

Expenses: $328,101

Students used these funds to pay for tuition, books, housing, and other needs related to higher education. There were 410 scholarships awarded to LISD students.

Program 2

Expenses: $327,012

Awarding scholarships, grants & awards.

Program 3

Expenses: $201,418

Teachers & schools used these funds inside the classroom to promote a variety of different types of learning. Each grant was applied for separately as a specific request to meet the needs of a...

Teachers & schools used these funds inside the classroom to promote a variety of different types of learning. Each grant was applied for separately as a specific request to meet the needs of a particular teacher or campus. There were 147 grants awarded to LISD teachers and campuses.

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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 $1,247,797

Program Service Revenue $0

Investment Income $403,237

Other Revenue $89,544

TOTAL REVENUE $1,740,578

Expense Breakdown

Grants Paid $748,063

Salaries & Benefits $221,800

Fundraising Expenses $80,761

Program Expenses $884,341

Other Expenses $198,978

TOTAL EXPENSES $1,168,841

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,740,578	$1,270,725	+0.4%
Expenses	$1,168,841	$1,110,248	+0.1%
Net Income	$571,737	$160,477	+2.6%

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

300

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

$117,066

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas White	Executive Dir.	40.00	Director	$67,131	$0	$67,131
Randy Canivel	Executive Dir.	40.00	Director	$49,935	$0	$49,935
Brian Pardue	Trustee	0.00	Director	$0	$0	$0
Yolanda Murray	Trustee	0.00	Director	$0	$0	$0
Ray David	Trustee	0.00	Director	$0	$0	$0
Gayle Nurre	Trustee	0.00	Director	$0	$0	$0
Josh Ashford	Trustee	0.00	Director	$0	$0	$0
Jonny Baker	Trustee	0.00	Director	$0	$0	$0
Sue Bowman	Trustee	0.00	Director	$0	$0	$0
Lindsay Polyak	Trustee	0.00	Director	$0	$0	$0
Lori Walker	Trustee	0.00	Director	$0	$0	$0
Lori Fickling	Trustee	0.00	Director	$0	$0	$0
Monika Brink	Trustee	0.00	Director	$0	$0	$0
Leah Montez	Trustee	0.00	Director	$0	$0	$0
Rajiv Shenoy	Trustee	0.00	Director	$0	$0	$0
Trisha Sheffield	Trustee	0.00	Director	$0	$0	$0
Michelle Cree	Trustee	0.00	Director	$0	$0	$0
Michelle Alkhatib	Trustee	0.00	Director	$0	$0	$0
Stephen Dubner	Trustee	0.00	Director	$0	$0	$0
Russ Kerbow	Trustee	0.00	Director	$0	$0	$0
Mary Jennings	Trustee	0.00	Director	$0	$0	$0
Jerri Faulds	Trustee	0.00	Director	$0	$0	$0
Bill Lawrence	Trustee	0.00	Director	$0	$0	$0
Alex Buck	Trustee	0.00	Director	$0	$0	$0
Andy Eads	Trustee	0.00	Director	$0	$0	$0
Mertis La Velle	Trustee	0.00	Director	$0	$0	$0
Katherine Sells	Trustee	0.00	Director	$0	$0	$0
Dr Lori Rapp	Trustee	0.00	Director	$0	$0	$0
Terry Allen	Trustee	0.00	Director	$0	$0	$0
Mary Jacoby	Trustee	0.00	Director	$0	$0	$0
Liz Haas	Trustee	0.00	Director	$0	$0	$0
Ryan Schroer	Trustee	0.00	Director	$0	$0	$0
Chuck Elsey	Vice President	0.00	Director	$0	$0	$0
Damion Robertson	Vice President	0.00	Director	$0	$0	$0
Pamela Nelson	Vice President	0.00	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
2024	No data	No data	No data	No data
2023	$1,740,578	$1,168,841	$5,629,148	$571,737
2022	$1,370,725	$1,110,248	$5,112,635	$260,477
2021	$1,608,306	$874,962	$5,972,548	$733,344
2020	$1,102,998	$874,279	$5,165,190	$228,719
2019	$1,167,335	$869,202	$4,662,869	$298,133
2018	$1,132,941	$850,096	$3,927,607	$282,845