LAMAR INSTITUTE OF TECHNOLOGY FOUNDATION (EIN 760588576) - 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

1998

Legal Domicile

Principal Officer

KRISTA L HUNTER

Phone

4098392956

Tax Period

2023-09-01 to 2024-08-31

LAMAR INSTITUTE OF TECHNOLOGY FOUNDATION, founded in 1998, is a small nonprofit in the Education sector that reported $548K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $747K exceeded revenue, resulting in a 36% operating deficit.

Mission

MANAGEMENT OF THE ENDOWMENT FUNDS WHICH HAVE BEEN ESTABLISHED TO PROVIDE SCHOLARSHIPS FOR STUDENTS AT LAMAR INSTITUTE OF TECHNOLOGY. SERVE AS AN ADVISORY BOARD FOR THE INSTITUTE, A SOUNDING BOARD AND BOARD OF REVIEW. LISTEN TO THE LAMAR INSTITUTE OF TECHNOLOGY'S PLANS AND PROVIDE THEM WITH SUGGESTIONS ON HOW TO IMPROVE THE TRAINING THEY PROVIDE IN THIS REGION

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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 $358,825

Program Service Revenue $0

Investment Income $356,336

Other Revenue $-166,799

TOTAL REVENUE $548,362

Expense Breakdown

Grants Paid $698,401

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $698,401

Other Expenses $48,170

TOTAL EXPENSES $746,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$548,362	$644,076	-0.1%
Expenses	$746,571	$426,511	+0.8%
Net Income	$-198,209	$217,565	-1.9%

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
JERRY VANDERVOORT	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAVID THORNHILL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MARY ANN REID	TREASURER	N/A	Officer	$0	$0	$0
EVA GEER	SECRETARY	N/A	Officer	$0	$0	$0
ROD CARROLL	AUDIT CHAIRM	N/A	Director	$0	$0	$0
HERSCHEL STAGNER JR	DIRECTOR CHA	N/A	Director	$0	$0	$0
GARY PARSLEY	INVESTMENT C	N/A	Director	$0	$0	$0
EDDIE ARNOLD	DIRECTOR	N/A	Director	$0	$0	$0
PAUL BLACKBURN	DIRECTOR	N/A	Director	$0	$0	$0
JUDY HONEYCUTT	MEMBER	N/A	Director	$0	$0	$0
GISELA HOUSEMAN	DIRECTOR	N/A	Director	$0	$0	$0
JEAN MCFADDIN	DIRECTOR	N/A	Director	$0	$0	$0
J PEACOCK	DIRECTOR	N/A	Director	$0	$0	$0
RAYMOND POLK	DIRECTOR	N/A	Director	$0	$0	$0
JERRY STUMBO	DIRECTOR	N/A	Director	$0	$0	$0
JAKE TORTORICE	DIRECTOR	N/A	Director	$0	$0	$0
ANTHONY TOUPS	DIRECTOR	N/A	Director	$0	$0	$0
RYAN VICK	DIRECTOR	N/A	Director	$0	$0	$0
ZACH JOHNSON	DEVELOPMENT	N/A	Director	$0	$0	$0
KRISTA L HUNTER	EXECUTIVE DI	N/A	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
2024	$548,362	$746,571	$8,378,578	$-198,209
2023	$644,076	$426,511	$7,682,061	$217,565
2022	$2,251,016	$321,395	$6,918,633	$1,929,621
2021	$860,968	$669,574	$7,520,995	$191,394
2020	$1,287,580	$434,173	$6,772,299	$853,407
2019	$714,658	$405,197	$5,377,052	$309,461
2018	$691,631	$269,829	$5,009,657	$421,802

LAMAR INSTITUTE OF TECHNOLOGY FOUNDATION