LAST MILE EDUCATION FUND

EIN: 880762233 501(c)(3) Human Services

LAFAYETTE, CO

Total Revenue
$3,562,457
Total Expenses
$7,864,162
Total Assets
$15,822,661
Net Assets
$15,719,759
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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
2021
Legal Domicile
CO
Principal Officer
CAROLINE ESMURDOC
Phone
7208814001
Tax Period
2024-07-01 to 2025-06-30

LAST MILE EDUCATION FUND, founded in 2021, is a community nonprofit in the Human Services sector that reported $3.6M in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $7.9M exceeded revenue, resulting in a 121% operating deficit.

Mission

LAST MILE EDUCATION FUND OFFERS A DISRUPTIVE APPROACH TO INCREASING DIVERSITY IN TECHNOLOGY AND ENGINEERING FIELDS BY ADDRESSING CRITICAL GAPS IN FINANCIAL SUPPORT FOR LOW-INCOME UNDERREPRESENTED STUDENTS WITHIN FOUR SEMESTERS OF GRADUATION.

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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 $3,145,773
Program Service Revenue $0
Investment Income $416,684
Other Revenue $0
TOTAL REVENUE $3,562,457

Expense Breakdown

Grants Paid $4,803,465
Salaries & Benefits $1,988,204
Fundraising Expenses $264,890
Program Expenses $6,173,783
Other Expenses $1,072,493
TOTAL EXPENSES $7,864,162

Year-over-Year Comparison

2024 2023 Change
Revenue $3,562,457 $7,339,068 -0.5%
Expenses $7,864,162 $6,303,239 +0.2%
Net Income $-4,301,705 $1,035,829 -5.2%
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

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Governance

Voting Members
10
Independent Members
9
Employees
14
Volunteers
9

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
4
$237,611
Total Directors
10
$237,611
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELE MATTHEWS CHAIRMAN 3.00
Officer Director
$0 $0 $0
ERIKA DECKER TREASURER 1.00
Officer Director
$0 $0 $0
LEAH READ SECRETARY 1.00
Officer Director
$0 $0 $0
ALLEN WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA OROZCO BOARD MEMBER 1.00
Director
$0 $0 $0
SHELLY MORALES BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL CAMPBELL BOARD MEMBER 1.00
Director
$0 $0 $0
RIAN WALKER BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH LEE BOARD MEMBER 1.00
Director
$0 $0 $0
RUTHE FARMER PRESIDENT / CEO 40.00
Officer Director
$214,533 $23,078 $237,611
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 $3,562,457 $7,864,162 $15,822,661 $-4,301,705
2024 $7,339,068 $6,303,239 $20,064,288 $1,035,829
2023 $21,402,718 $4,239,619 $18,931,680 $17,163,099
2022 $1,784,692 $75,288 $1,781,127 $1,709,404
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