NORTH LAMAR EDUCATION FOUNDATION I… - Form 990 Financial Data

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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

1998

Principal Officer

CLINT HILDRETH

Tax Period

2023-07-01 to 2024-06-30

NORTH LAMAR EDUCATION FOUNDATION INC, founded in 1998, is a micro nonprofit in the Human Services sector that reported $55K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $32K, a strong 59% operating margin.

Mission

TO ENCOURAGE AND MOTIVATE STUDENTS TO CONTINUE EDUCATION BEYOND HIGH SCHOOL AND TO PROVIDE SCHOLARSHIPS THROUGH COMMUNITY SUPPORTED ENDOWMENTS AND OTHER RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $20,950

COLLEGE SCHOLARSHIPS WERE AWARDED TO 46 QUALIFYING GRADUATING SENIORS.

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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 $14,025

Program Service Revenue $0

Investment Income $29,102

Other Revenue $11,990

TOTAL REVENUE $55,117

Expense Breakdown

Grants Paid $20,950

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,950

Other Expenses $1,687

TOTAL EXPENSES $22,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,117	$102,682	-0.5%
Expenses	$22,637	$21,988	+0.0%
Net Income	$32,480	$80,694	-0.6%

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

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
TAMMIE BATES	TREASURER	2.00	Officer	$0	$0	$0
LEVI GRAHAM	PRESIDENT	2.00	Officer	$0	$0	$0
CLINT HILDRETH	VICE PRESIDE	4.00	Officer	$0	$0	$0
MELISSA JONES	SECRETARY	2.00	Officer	$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	No data	No data	No data	No data
2024	$55,117	$22,637	$1,189,884	$32,480
2023	$102,682	$21,988	$1,074,851	$80,694
2022	$38,165	$25,578	$908,634	$12,587
2021	$35,382	$27,377	$975,969	$8,005
2020	$44,337	$18,741	$773,564	$25,596
2019	$22,846	$36,010	$716,225	$-13,164

NORTH LAMAR EDUCATION FOUNDATION INC