LEV FOUNDATION (EIN 912141507) - 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

2001

Legal Domicile

Principal Officer

ARIK KORMAN

Phone

2067286448

Tax Period

2023-01-01 to 2023-12-31

LEV FOUNDATION, founded in 2001, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 57% operating deficit.

Mission

LEV FOUNDATION ACTS TO SERVE THE INTERESTS OF STUDENTS AND FAMILIES ACROSS THE STATE OF WASHINGTON TO IMPROVE EDUCATION ACCESS AND QUALITY, PARTICULARLY THOSE WHO HAVE BEEN HARMED BY HISTORICAL AND SYSTEMIC INEQUITIES.

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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 $1,540,525

Program Service Revenue $0

Investment Income $727

Other Revenue $75

TOTAL REVENUE $1,541,327

Expense Breakdown

Grants Paid $934,780

Salaries & Benefits $1,120,596

Fundraising Expenses $153,460

Program Expenses $2,095,545

Other Expenses $321,655

TOTAL EXPENSES $2,417,477

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,541,327	$2,793,076	-0.4%
Expenses	$2,417,477	$2,381,955	+0.0%
Net Income	$-876,150	$411,121	-3.1%

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

$469,460

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN MITCHELL	CHAIR	1.00	Officer Director	$0	$0	$0
BECKY NISSEN	TREASURER	1.00	Officer Director	$0	$0	$0
AMY CAMPBELL	SECRETARY	1.00	Officer Director	$0	$0	$0
YELIAS BENDER	BOARD MEMBER	1.00	Director	$0	$0	$0
GOLDY BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCUS PIMPLETON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA ZONTINE	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURI HENNESSEY	CEO	38.00	Officer	$46,452	$1,147	$50,121
JACOB VELA	INTERIM CO-CEO	40.00	Officer	$122,467	$14,080	$136,547
ERIC HOLZAPFEL	INTERIM CO-CEO	40.00	Officer	$127,162	$14,077	$141,239
ARIK KORMAN	INTERIM CO-CEO	40.00	Officer	$127,600	$13,953	$141,553

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	$1,541,327	$2,417,477	$2,060,406	$-876,150
2022	$2,793,076	$2,381,955	$3,050,666	$411,121
2021	$1,728,153	$2,382,406	$2,387,286	$-654,253
2020	$3,587,052	$2,652,376	$3,265,033	$934,676
2019	$1,417,490	$2,532,478	$2,193,696	$-1,114,988
2018	$4,169,823	$2,768,776	$3,237,234	$1,401,047

LEV FOUNDATION