LINCOLN MEMORIAL ACADEMY INC

EIN: 821191988 501(c)(3)

PALMETTO, FL

Total Revenue
$37,469
Total Expenses
$142,113
Total Assets
$25,356
Net Assets
$-104,644
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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
2018
Legal Domicile
FL
Principal Officer
CORNELLE MAXFIELD
Phone
9417216840
Tax Period
2017-07-01 to 2018-06-30

LINCOLN MEMORIAL ACADEMY INC, founded in 2018, is a micro nonprofit that reported $37K in total revenue in fiscal year 2017. Expenses of $142K exceeded revenue, resulting in a 279% operating deficit.

Mission

THE VISION OF LINCOLN MEMORIAL ACADEMY IS THAT ALL STUDENTS PROGRESS TO HIGH SCHOOL WITH A COMPREHENSIVE UNDERSTANDING OF BOTH THE EDUCATIONAL AND CAREER OPTIONS THAT AWAIT THEM. OUR STUDENTS ARE TAUGHT TO "STAY CALM & LEAD.

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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%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $33,334
Program Service Revenue $0
Investment Income $0
Other Revenue $4,135
TOTAL REVENUE $37,469

Expense Breakdown

Grants Paid $0
Salaries & Benefits $71,450
Fundraising Expenses $0
Program Expenses $109,330
Other Expenses $70,663
TOTAL EXPENSES $142,113

Year-over-Year Comparison

2017 2016 Change
Revenue $37,469 N/A N/A
Expenses $142,113 N/A N/A
Net Income $-104,644 N/A N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
78
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORNELLE MAXFIELD CORNELLE MAX N/A
Director
$0 $0 $0
JJ CZALA BOARD MEMBER 0.50
Officer Director
$0 $0 $0
CHRISTINE DAWSON BOARD CHAIR 0.50
Officer Director
$0 $0 $0
WALTER PRESHA BOARD MEMBER 0.50
Officer Director
$0 $0 $0
JAMES WARD BOARD MEMBER 0.50
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
2018 $37,469 $142,113 $25,356 $-104,644
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