LEMNIS (EIN 930686108) - 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

1977

Legal Domicile

Principal Officer

MELISSA JOHNSTON

Phone

9714155530

Tax Period

2024-01-01 to 2024-12-31

LEMNIS, founded in 1977, is a mid-sized nonprofit in the Education sector that reported $45.1M in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37.5M, a strong 83% operating margin.

Mission

INVESTING IN SOLUTIONS THAT MAKE LEARNING PERSONAL, ADAPTABLE, & JUST FOR ALL IN A FAST-PACED WORLD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $44,927,260

Other Revenue $202,322

TOTAL REVENUE $45,129,582

Expense Breakdown

Grants Paid $450,000

Salaries & Benefits $4,049,482

Fundraising Expenses $0

Program Expenses $2,388,542

Other Expenses $3,104,256

TOTAL EXPENSES $7,603,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,129,582	$22,970,316	+1.0%
Expenses	$7,603,738	$4,939,155	+0.5%
Net Income	$37,525,844	$18,031,161	+1.1%

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

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

$1,447,326

Total Directors

$375,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA E SMITH	DIRECTOR	2.00	Director	$55,000	$0	$55,000
ERICKA M MILLER	DIRECTOR	2.00	Director	$50,000	$0	$50,000
JOSEPH J WISE	DIRECTOR	2.00	Director	$50,000	$0	$50,000
KEN WONG	DIRECTOR	2.00	Director	$55,000	$0	$55,000
WILLIAM MARK STRICKLAND	BOARD CHAIR	2.00	Director	$60,000	$0	$60,000
ANTHONY M SMITH	DIRECTOR	2.00	Director	$50,000	$0	$50,000
STEVEN WILLIAM FLEISCHMAN	DIRECTOR	2.00	Director	$55,000	$0	$55,000
JOHNSTON MELISSA Z	CEO	40.00	Officer	$450,514	$90,144	$540,658
CRUMLEY LAURA L	CFO	40.00	Officer	$421,683	$74,669	$496,352
POTTER JENNIFER	COO, BOARD SECRETARY	40.00	Officer	$345,882	$64,434	$410,316
BRANT KATHY L	VP, PROGRAMS & IMPACT	40.00	Highest	$217,471	$44,172	$261,643
SUCHY NATI J	ASSOCIATE GENERAL COUNSEL	40.00	Highest	$195,847	$41,243	$237,090
BETANCOURT TRACEE N	CONTROLLER	40.00	Highest	$163,227	$35,204	$198,431
LYNN LORI	DIRECTOR, PEOPLE OPERATIONS	40.00	Highest	$149,042	$33,964	$183,006
BALL JOI C	PROGRAM MANAGER	40.00	Highest	$131,975	$31,368	$163,343

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	$45,129,582	$7,603,738	$947,727,645	$37,525,844
2023	$1,106,069,539	$232,738,662	$890,233,383	$873,330,877
2023	$22,970,316	$4,939,155	$908,348,487	$18,031,161
2022	$215,107,476	$205,243,329	$112,564,077	$9,864,147
2021	$154,783,271	$156,739,505	$82,561,452	$-1,956,234
2020	$166,775,470	$172,115,652	$103,583,479	$-5,340,182
2019	$157,793,858	$153,009,160	$82,566,493	$4,784,698
2018	$148,503,655	$148,414,575	$80,216,791	$89,080

LEMNIS