LINCOLN FOUNDATION FOR EDUCATION INC (EIN 813796890) - 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

Sheri D Leach President

Phone

9737669679

Tax Period

2024-01-01 to 2024-12-31

LINCOLN FOUNDATION FOR EDUCATION INC, founded in 2016, is a small nonprofit in the Education sector that reported $203K in total revenue in fiscal year 2024. Revenue surged 218% from the prior year, signaling strong growth momentum. Expenses of $283K exceeded revenue, resulting in a 40% operating deficit.

Mission

To provide financial aid and assistance, donations, and gifts of money, property, or grants to qualified individuals pursuing post-secondary education with specific career objectives of technical or vocational education at Lincoln Technical Institute and similar institutions.

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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 $202,905

Program Service Revenue $0

Investment Income $28

Other Revenue $0

TOTAL REVENUE $202,933

Expense Breakdown

Grants Paid $283,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $312,410

Other Expenses $0

TOTAL EXPENSES $283,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,933	$63,837	+2.2%
Expenses	$283,400	$120,236	+1.4%
Net Income	$-80,467	$-56,399	+0.4%

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
Sheri D Leach	Trustee and President	2.00	Officer Director	$0	$0	$0
Neil McGill	Trustee, VP, and Treasurer	0.50	Officer Director	$0	$0	$0
Marty McGill	Trustee	0.50	Director	$0	$0	$0
Mark Mickens	Trustee	0.50	Director	$0	$0	$0
Brian Hughes	Trustee	0.50	Director	$0	$0	$0
Katy Scafide	Secretary (through 5/1/2024)	2.00	Officer	$0	$0	$0
Aja Taylor	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
2024	$202,933	$283,400	$132,337	$-80,467
2024	$202,933	$283,400	$132,337	$-80,467
2022	$170,179	$146,690	$269,203	$23,489

LINCOLN FOUNDATION FOR EDUCATION INC