LAMAR COMMUNITY COLLEGE FOUNDATION (EIN 846119319) - 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

1973

Legal Domicile

Principal Officer

JOE SPITZ

Phone

7193361520

Tax Period

2023-07-01 to 2024-06-30

LAMAR COMMUNITY COLLEGE FOUNDATION, founded in 1973, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $500K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $79K, a strong 16% operating margin.

Mission

TO SOLICIT AND PROVIDE FUNDS FOR SCHOLARSHIPS, PROGRAM DEVELOPMENT, CAPITAL CONSTRUCTION, AND OTHER OPPORTUNITIES TO SERVE LAMAR COMMUNITY COLLEGE, ITS COMMUNITIES, AND APPROXIMATELY 1,000 ON-CAMPUS, CONCURRENT ENROLLMENT, AND ONLINE STUDENTS ANNUALLY.

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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 $406,812

Program Service Revenue $0

Investment Income $44,723

Other Revenue $48,760

TOTAL REVENUE $500,295

Expense Breakdown

Grants Paid $223,772

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $421,355

Other Expenses $197,583

TOTAL EXPENSES $421,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$500,295	$957,821	-0.5%
Expenses	$421,355	$358,082	+0.2%
Net Income	$78,940	$599,739	-0.9%

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

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
ANNA CARERE	DIRECTOR	N/A	Director	$0	$0	$0
GENE CRUIKSHANK	DIRECTOR	N/A	Director	$0	$0	$0
BONNIE CROCKETT HUME	SECRETARY TR	N/A	Director	$0	$0	$0
DR ROSANA REYES	DIRECTOR	N/A	Director	$0	$0	$0
JAMES RIZZUTO	DIRECTOR	N/A	Director	$0	$0	$0
JOE SPITZ	CHAIR	N/A	Officer Director	$0	$0	$0
BRYAN STELMACK	VICE CHAIR	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
2025	No data	No data	No data	No data
2024	$500,295	$421,355	$2,798,295	$78,940
2023	$957,821	$358,082	$2,491,786	$599,739
2022	$673,824	$358,154	$2,151,082	$315,670
2021	$514,095	$340,125	$931,372	$173,970
2020	$332,731	$427,241	$735,049	$-94,510
2019	$568,597	$308,308	$784,912	$260,289

LAMAR COMMUNITY COLLEGE FOUNDATION