LOTUS SCHOOL FOUNDATION INC (EIN 824342963) - 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

2018

Legal Domicile

Principal Officer

MIMI VO

Tax Period

2023-01-01 to 2023-12-31

LOTUS SCHOOL FOUNDATION INC, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $143K in total revenue in fiscal year 2023. Expenses of $165K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE LOTUS SCHOOL FOUNDATIONS MISSION IS TO BUILD SCHOOLS IN RURAL, POVERTY-STRICKEN VILLAGES THAT CURRENTLY HAVE NO ADEQUATE SCHOOL INFRASTRUCTURE ADN TO PROVIDE AN EQUAL EDUCATIONAL OPPORTUNITY FOR CHILDREN WORLDWIDE.

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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 $143,358

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $143,358

Expense Breakdown

Grants Paid $139,287

Salaries & Benefits $0

Fundraising Expenses $18,189

Program Expenses $139,868

Other Expenses $25,769

TOTAL EXPENSES $165,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,358	$132,975	+0.1%
Expenses	$165,056	$121,694	+0.4%
Net Income	$-21,698	$11,281	-2.9%

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
PHUONG TRUONG	TREASUER	20.00	Officer	$0	$0	$0
SUK KYONG PAK	SECRETARY	20.00	Officer	$0	$0	$0
MIMI VO	PRESIDENT	20.00	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
2024	No data	No data	No data	No data
2023	$143,358	$165,056	$12,792	$-21,698
2022	$132,975	$121,694	$34,490	$11,281
2021	$95,011	$95,104	$23,209	$-93
2020	$129,539	$125,254	$23,302	$4,285
2019	$132,476	$123,626	$19,017	$8,850

LOTUS SCHOOL FOUNDATION INC