THE LAKOU NFP

EIN: 822703338 501(c)(3) Education

PARK RIDGE, IL

Total Revenue
$600,159
Total Expenses
$801,374
Total Assets
$838,600
Net Assets
$838,600
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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
2017
Legal Domicile
IL
Principal Officer
RANDAL J MEYER
Phone
8476997600
Tax Period
2024-01-01 to 2024-12-31

THE LAKOU NFP, founded in 2017, is a small nonprofit in the Education sector that reported $600K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $801K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE CONSTRUCTION TRAINING TO LAUNCH DEVELOPMENT IN HAITI, WHERE WITH SKILLS AND OPPORTUNITY, HAITIANS CAN CREATE THEIR OWN SUSTAINABLE SOLUTIONS FOR INDIVIDUALS, FAMILITIES, AND COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $471,640
Program Service Revenue $116,682
Investment Income $5,956
Other Revenue $5,881
TOTAL REVENUE $600,159

Expense Breakdown

Grants Paid $0
Salaries & Benefits $185,736
Fundraising Expenses $8,130
Program Expenses $673,949
Other Expenses $615,638
TOTAL EXPENSES $801,374

Year-over-Year Comparison

2024 2023 Change
Revenue $600,159 $1,032,684 -0.4%
Expenses $801,374 $795,164 +0.0%
Net Income $-201,215 $237,520 -1.8%
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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Governance

Voting Members
7
Independent Members
5
Employees
4
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
1
$41,944
Total Directors
11
$83,888
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANAE B MEYER DIRECTOR 40.00
Officer Director
$41,944 $0 $41,944
RANDAL J MEYER PRESIDENT 40.00
Director
$41,944 $0 $41,944
DARRYL AUGUST DIRECTOR N/A
Director
$0 $0 $0
FRANCO COBITE DIRECTOR N/A
Director
$0 $0 $0
STEVE COOK DIRECTOR N/A
Director
$0 $0 $0
LUVTHAGELINE JEAN DIRECTOR N/A
Director
$0 $0 $0
THOMAS KEENAN DIRECTOR N/A
Director
$0 $0 $0
WILLIAM C MURPHY SECRETARY N/A
Director
$0 $0 $0
MIKE PETERSEN DIRECTOR N/A
Director
$0 $0 $0
CARL SAJOUS DIRECTOR N/A
Director
$0 $0 $0
JACK SCAPIN DIRECTOR N/A
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
2024 $600,159 $801,374 $838,600 $-201,215
2024 $600,159 $801,374 $838,600 $-201,215
2023 $1,032,684 $795,164 $1,045,075 $237,520
2022 $605,781 $594,292 $687,960 $11,489
2021 $798,961 $450,530 $623,206 $348,431
2020 $367,527 $235,506 $281,703 $132,021
2019 $200,346 $94,104 $142,956 $106,242
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