LAWRENCE L COLE AND FAMILY FOUNDAT… - Form 990 Financial Data

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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

2023

Legal Domicile

Principal Officer

LAWRENCE COLE

Phone

3107404759

Tax Period

2023-01-01 to 2023-12-31

LAWRENCE L COLE AND FAMILY FOUNDATION COLE FOUNDATION, founded in 2023, is a micro nonprofit in the Education sector that reported $82K in total revenue in fiscal year 2023. The organization ran a surplus of $49K, a strong 61% operating margin.

Mission

TO SUPPORT AND FOSTER A PATHWAY FOR EVERY CHILD TO BE ABLE TO ATTEND SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $32,205

PROVIDE EDUCATIONAL, SUPPORT, GUIDANCE, AND FINANCIAL RESOURCES AVAILABILITY OPTIONS TO INDIVIDUALS AND PROGRAMS SO THAT ANY STUDENT IN NEED FROM PRIMARY, SECONDARY, AND HIGHER EDUCATIONAL...

PROVIDE EDUCATIONAL, SUPPORT, GUIDANCE, AND FINANCIAL RESOURCES AVAILABILITY OPTIONS TO INDIVIDUALS AND PROGRAMS SO THAT ANY STUDENT IN NEED FROM PRIMARY, SECONDARY, AND HIGHER EDUCATIONAL INSTITUITIONS HAVE AN OPPORTUNITY TO AN ADEQUATE EDUCATION.

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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 $81,570

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $81,570

Expense Breakdown

Grants Paid $32,205

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,205

Other Expenses $0

TOTAL EXPENSES $32,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,570	N/A	N/A
Expenses	$32,205	N/A	N/A
Net Income	$49,365	N/A	N/A

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
LAWRENCE L COLE II	CHIEF EXECUTIVE OFFICE	5.000	Officer	$0	$0	$0
KIM RHODES	CHIEF FINANCIAL OFFICE	5.000	Officer	$0	$0	$0
CHARLENE RICHARDSON-BRINSON	SECRETARY	5.000	Officer	$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	$81,570	$32,205	$49,365	$49,365

LAWRENCE L COLE AND FAMILY FOUNDATION COLE FOUNDATION