La Porte Education Foundation (EIN 760407788) - 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

1993

Legal Domicile

Principal Officer

Charlotte Pennye

Phone

7135072434

Tax Period

2024-08-01 to 2025-07-31

La Porte Education Foundation, founded in 1993, is a small nonprofit in the Education sector that reported $335K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $1.2M represent 43 months of operating reserves.

Mission

Grants provided to teachers to fund innovative, creative, instructional projects for students and teachers to fund scholarships to students in La Porte ISD schools.

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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 $181,222

Program Service Revenue $199,501

Investment Income $25,122

Other Revenue $-71,185

TOTAL REVENUE $334,660

Expense Breakdown

Grants Paid $202,676

Salaries & Benefits $112,340

Fundraising Expenses $0

Program Expenses $230,761

Other Expenses $35,482

TOTAL EXPENSES $350,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$334,660	$389,353	-0.1%
Expenses	$350,498	$409,019	-0.1%
Net Income	$-15,838	$-19,666	-0.2%

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

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

$112,339

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marissa Alvarez	Director	1.00	Director	$0	$0	$0
Kayla Baez	Director	1.00	Director	$0	$0	$0
Michael Barry	Director	1.00	Director	$0	$0	$0
Christopher Clinton	Director	1.00	Director	$0	$0	$0
Vance Darr	Director	1.00	Director	$0	$0	$0
Ruben Farias	Director	1.00	Director	$0	$0	$0
Kelley Frierson	Director	1.00	Director	$0	$0	$0
Thomas Green	Director	1.00	Director	$0	$0	$0
Dr Walter Jackson	Director	1.00	Director	$0	$0	$0
Ashley Fernandez	Director	1.00	Director	$0	$0	$0
Michael Swain	Director	1.00	Director	$0	$0	$0
Debbie Wade	Director	1.00	Director	$0	$0	$0
Karen Wheeler-Hall	Director	1.00	Director	$0	$0	$0
Ben Wiggins	Director	1.00	Director	$0	$0	$0
Joseph Zwiercan	Director	1.00	Director	$0	$0	$0
Brock Bihm	Director	1.00	Director	$0	$0	$0
Erika Mendez-Gutierrez	Director	1.00	Director	$0	$0	$0
Kerry Regan	Director	1.00	Director	$0	$0	$0
Alexander Solis	Director	1.00	Director	$0	$0	$0
Christina Thralls	Director	1.00	Director	$0	$0	$0
Ken Froedge	Treasurer	1.00	Officer	$0	$0	$0
Stan Lewis	At-large	1.00	Officer	$0	$0	$0
Melissa Crutcher	President	1.00	Officer	$0	$0	$0
Brian Kinkopf	At-large	1.00	Officer	$0	$0	$0
Charlotte Pennye	Executive Director	40.00	Officer	$112,339	$0	$112,339
Sarah Coupland	VP of Development	1.00	Officer	$0	$0	$0
Mary Hanks	Secretary	1.00	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	$334,660	$350,498	$1,191,772	$-15,838
2024	$389,353	$409,019	$1,136,485	$-19,666
2023	$344,290	$373,118	$1,053,431	$-28,828
2022	$262,654	$278,850	$1,054,067	$-16,196
2021	$293,227	$304,178	$1,180,321	$-10,951
2020	$249,590	$312,037	$989,223	$-62,447
2019	$334,952	$323,218	$1,003,650	$11,734

La Porte Education Foundation