WEST LAKE EDUCATION FOUNDATION INC (EIN 813848043) - 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

TIM HOLDER

Phone

9542023500

Tax Period

2023-07-01 to 2024-06-30

WEST LAKE EDUCATION FOUNDATION INC, founded in 2016, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2023. Expenses of $6.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

WEST LAKE EDUCATION FOUNDATION IS A NORTH CAROLINA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF NORTH CAROLINA THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF NORTH CAROLINA.

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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 $5,403,875

Program Service Revenue $250,066

Investment Income $9,928

Other Revenue $532,848

TOTAL REVENUE $6,196,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,152,794

Fundraising Expenses $0

Program Expenses $3,431,144

Other Expenses $4,747,537

TOTAL EXPENSES $6,900,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,196,717	$6,147,483	+0.0%
Expenses	$6,900,331	$6,931,736	0.0%
Net Income	$-703,614	$-784,253	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM HOLDER	PRESIDENT	5.00	Officer Director	$0	$0	$0
PRESTON CURTIS	SECRETARY	5.00	Officer Director	$0	$0	$0
MICHELLE SCHMERGE	DIRECTOR	2.00	Director	$0	$0	$0
JEFF PARIANO	DIRECTOR	2.00	Director	$0	$0	$0
TROY PERRY	DIRECTOR	2.00	Director	$0	$0	$0
JAMES MONTAGUE	PRINCIPAL	40.00	Highest	$104,221	$0	$104,221

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	No data	No data	No data	No data
2024	$6,196,717	$6,900,331	$19,295,944	$-703,614
2023	$6,147,483	$6,931,736	$19,839,671	$-784,253
2022	$5,994,590	$6,781,951	$20,810,991	$-787,361

WEST LAKE EDUCATION FOUNDATION INC