LEBORNE DEVELOPMENT (EIN 863442542) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

ERNIE LECHUGA

Phone

4794448200

Tax Period

2023-01-01 to 2023-12-31

LEBORNE DEVELOPMENT, founded in 2021, is a micro nonprofit in the Youth Development sector that reported $52K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $59K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO CREATE A HEALTHY AND COMPETITIVE ENVIRONMENT AMONG TALENTED JUNIOR CYCLISTS, AGES 13-18 AS WELL AS U23 RIDERS, FROM THE NORTHWEST ARKANSAS REGION. WE LOOK TO RAISE A GENERATION OF YOUNG CYCLISTS WHO CAN COMPETE AT THE REGIONAL, NATIONAL AND UCI WORLD EVENTS. WE SEE THIS AS A VITAL PART OF THE NWA CYCLING ECOSYSTEM.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $51,962

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $51,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,425

Fundraising Expenses $0

Program Expenses $54,001

Other Expenses $44,485

TOTAL EXPENSES $58,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,962	$149,700	-0.7%
Expenses	$58,910	$139,593	-0.6%
Net Income	$-6,948	$10,107	-1.7%

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

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

$13,400

Total Directors

$13,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERNIE LECHUGA	PRESIDENT	25.00	Officer Director	$13,400	$0	$13,400
JILL DABBS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KUHL	TREASURER	1.00	Officer Director	$0	$0	$0
MATT PRZYBYSZ	DIRECTOR	5.00	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	$51,962	$58,910	$3,159	$-6,948

LEBORNE DEVELOPMENT