LAINGSBURG ALUMNI LEGACY ASSOCIATION

EIN: 822313203 501(c)(3) Education

Haslett, MI

Total Revenue
$205,535
Total Expenses
$54
Total Assets
$218,407
Net Assets
$218,407
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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
2019
Legal Domicile
MI
Principal Officer
James Dunn
Tax Period
2022-01-01 to 2022-12-31

LAINGSBURG ALUMNI LEGACY ASSOCIATION, founded in 2019, is a small nonprofit in the Education sector that reported $206K in total revenue in fiscal year 2022. Revenue surged 1749% from the prior year, signaling strong growth momentum. The organization ran a surplus of $205K, a strong 100% operating margin.

Mission

Mission is to build a fund that will provide earnings to be used for scholarships for Laingsburg High School graduates.

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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 (2022)

Revenue Breakdown

Contributions & Grants $204,025
Program Service Revenue $0
Investment Income $1,510
Other Revenue $0
TOTAL REVENUE $205,535

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34
Other Expenses $54
TOTAL EXPENSES $54

Year-over-Year Comparison

2022 2021 Change
Revenue $205,535 $11,115 +17.5%
Expenses $54 N/A N/A
Net Income $205,481 $11,115 +17.5%
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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kenneth Walters Director 1
Director
$0 $0 $0
Dennis Morrill Director 1
Director
$0 $0 $0
Dane Nichols Director 1
Director
$0 $0 $0
James Dunn Chairman 2
Officer
$0 $0 $0
Thomas Turek Vice Chairman 2
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
2022 $205,535 $54 $218,407 $205,481
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