LAGRANGE COLLEGE PROPERTY MANAGEMENT INC (EIN 811388812) - 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

2016

Legal Domicile

Principal Officer

DR SUSANNA L BAXTER

Phone

7068808232

Tax Period

2022-07-01 to 2023-06-30

LAGRANGE COLLEGE PROPERTY MANAGEMENT INC, founded in 2016, is a mid-sized nonprofit that reported $14.9M in total revenue in fiscal year 2022. Revenue surged 14627% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 19% operating margin.

Mission

LAGRANGE COLLEGE PROPERTY MANAGEMENT IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF SUPPORTING THE INTERESTS OF LAGRANGE COLLEGE. THE ORGANIZATION WILL ACQUIRE AND DEVELOP REAL ESTATE PROPERTY FOR EXCLUSIVE USE BY LAGRANGE COLLEGE THROUGH A LEASE RELATIONSHIP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,773,019

Program Service Revenue $101,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,874,019

Expense Breakdown

Grants Paid $11,275,501

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,086,600

Other Expenses $811,099

TOTAL EXPENSES $12,086,600

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,874,019	$101,000	+146.3%
Expenses	$12,086,600	$661,864	+17.3%
Net Income	$2,787,419	$-560,864	-6.0%

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

$536,817

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD D SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL KEY	DIRECTOR	1.00	Director	$0	$0	$0
NANCY N DURAND	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT L CARMICHAEL JR	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH HALL	VP - FINANCE AND OPERATION	1.00	Officer	$0	$2,868	$146,281
SUSANNA BAXTER	PRESIDENT	1.00	Officer	$0	$53,500	$328,500
JERRY FORSTER	VP - FINANCE AND OPERATION	1.00	Officer	$0	$0	$62,036

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
2023	$14,874,019	$12,086,600	No data	$2,787,419
2022	$101,000	$661,864	$13,496,293	$-560,864
2021	$101,000	$572,210	$13,977,350	$-471,210
2020	$97,041	$590,971	$14,408,616	$-493,930
2019	$128,918	$566,528	$14,869,074	$-437,610
2018	$73,082	$604,752	$15,322,242	$-531,670

LAGRANGE COLLEGE PROPERTY MANAGEMENT INC