LCSD 2 EDUCATION FOUNDATION

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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

2001

Legal Domicile

Principal Officer

TIM HALE

Tax Period

2023-01-01 to 2023-12-31

LCSD 2 EDUCATION FOUNDATION, founded in 2001, is a small nonprofit in the Education sector that reported $247K in total revenue in fiscal year 2023. Revenue surged 151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 43% operating margin.

Mission

To provide scholarships for students, improve eduction and provide grants to teachers.

Program Service Accomplishments

Program 1

Expenses: $93,005

PROVIDING COLLEGE SCHOLARSHIPS FOR BOTH STAR VALLEY AND COKEVILLE HIGH SCHOOL GRADUATES.

Program 2

Expenses: $140

FRIDAY FOOD BAG. PROVIDING FOOD FOR UNDERPRIVILEGED STUDENTS FOR WEEKENDS.

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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 $241,315

Program Service Revenue $0

Investment Income $5,232

Other Revenue $0

TOTAL REVENUE $246,547

Expense Breakdown

Grants Paid $13,811

Salaries & Benefits $0

Fundraising Expenses $2,850

Program Expenses $93,145

Other Expenses $124,004

TOTAL EXPENSES $140,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$246,547	$98,143	+1.5%
Expenses	$140,665	$142,757	0.0%
Net Income	$105,882	$-44,614	-3.4%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON HORSLEY	BOARD MEMBER	1	Director	$0	$0	$0
TIM HALE	CHAIRMAN	1	Officer	$0	$0	$0
MARTY KLEEMAM	TREASURER/SECRETARY	1	Officer	$0	$0	$0
MARTI HALVERSON	BOARD MEMBER	1	Director	$0	$0	$0
DAN DOCKSTADER	BOARD MEMBER	1	Director	$0	$0	$0
CORY FROME	BOARD MEMBER	1	Director	$0	$0	$0
ALAN STAUFFER	BOARD MEMBER	1	Director	$0	$0	$0
JENNIFER SCHERBEL	BOARD MEMBER	1	Director	$0	$0	$0
TEL JOHNSON	DIRECTOR	1	Director	$0	$0	$0
TIM ALLRED	DIRECTOR	1	Director	$0	$0	$0
JAN MOODY	DIRECTOR	1	Director	$0	$0	$0
MATT ERICKSON	DIRECTOR	1	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
2023	$246,547	$140,665	$502,216	$105,882
2022	$98,143	$142,757	$380,031	$-44,614
2021	$166,667	$96,415	$424,845	$70,252
2020	$86,091	$98,506	$344,400	$-12,415
2019	$104,688	$75,787	$358,435	$28,901
2018	$163,333	$57,458	$642,336	$105,875