LAINGSBURG ALUMNI LEGACY ASSOCIATI… - Form 990 Financial Data

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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

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

Accumulation of funds through donations to provide scholarship awards to Laingsburg High School graduates. No awards in current year.

Program Service Accomplishments

Program 1

Expenses: $34 Revenue: $205,535

Our mission is to give scholarships to graduates from money earned on the donated principal. In 2022 we didn't have enough income to provide scholarships. We did mailings and created an expense doing...

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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 $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

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

Total Directors

Key Employees

Highest Compensated

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

LAINGSBURG ALUMNI LEGACY ASSOCIATION