Lake Cities Education Foundation INC (EIN 752906328) - 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

Tom Davenport

Phone

9404975233

Tax Period

2024-01-01 to 2024-12-31

Lake Cities Education Foundation INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $323K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $216K, a strong 67% operating margin.

Mission

PROMOTE EDUCATION BY SOLICITING COMMUNITY INVOLVEMENT AND BY PROVIDING EDUCATIONAL SCHOLARSHIPS FOR STUDENTS OF THE LAKE DALLAS ISD.

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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 $70,944

Program Service Revenue $0

Investment Income $134,874

Other Revenue $117,041

TOTAL REVENUE $322,859

Expense Breakdown

Grants Paid $81,150

Salaries & Benefits $18,000

Fundraising Expenses $0

Program Expenses $99,150

Other Expenses $8,181

TOTAL EXPENSES $107,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,859	$272,976	+0.2%
Expenses	$107,331	$157,428	-0.3%
Net Income	$215,528	$115,548	+0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Davenport	Treasurer	2.00	Officer Director	$0	$0	$0
Karla Landrum	Executive Dir.	6.00	Director	$0	$0	$0
Don Glockel	Member	2.00	Officer Director	$0	$0	$0
Elizabeth Donald	Member	0.00	Director	$0	$0	$0
Mike Drozd	Member	1.00	Director	$0	$0	$0
Gaye Drake	Member	0.00	Director	$0	$0	$0
Trenna Ezzell	Vice President	1.00	Director	$0	$0	$0
Larry Gilbert	Member	1.00	Director	$0	$0	$0
Frank Graham	Member	1.00	Director	$0	$0	$0
Bill Heidemann	Member	1.00	Director	$0	$0	$0
Dr Kristin N Brown	Member	0.00	Director	$0	$0	$0
Tina Hicks	Member	1.00	Director	$0	$0	$0
Mike McDaniel	Member	1.00	Director	$0	$0	$0
Gary Peppers	Member	1.00	Director	$0	$0	$0
Jay Ross	Member	1.00	Director	$0	$0	$0
Michael Shay	Secretary	1.00	Director	$0	$0	$0
Fred Whitfield	Member	1.00	Director	$0	$0	$0
Pat Sherman	Member	0.00	Director	$0	$0	$0
Mark Tucker	Member	0.00	Director	$0	$0	$0
Jerry Blazewicz	President	1.00	Director	$0	$0	$0
Alyssa Whittle	Member	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	$322,859	$107,331	$2,966,966	$215,528
2023	$272,976	$157,428	$2,475,338	$115,548
2022	$374,119	$184,134	$2,035,865	$189,985
2021	$277,577	$148,969	$2,378,666	$128,608
2020	$262,758	$111,327	$2,010,909	$151,431
2019	$180,266	$105,496	$1,651,514	$74,770
2018	$188,704	$83,872	$1,358,953	$104,832

Lake Cities Education Foundation INC