LCC EDUCATION FOUNDATION (EIN 943421360) - 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

KENNETH SCHMIES

Phone

9567215812

Tax Period

2023-01-01 to 2023-12-31

LCC EDUCATION FOUNDATION, founded in 2001, is a small nonprofit in the Education sector that reported $361K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 282% operating deficit.

Mission

TO SUPPORT AND PROMOTE FOR THE USE AND BENEFIT OF LAREDO COLLEGE AND LITERARY, SCIENTIFIC, EDUCATION OR CULTURAL UNDERTAKINGS.

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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 $348,241

Program Service Revenue $0

Investment Income $12,898

Other Revenue $0

TOTAL REVENUE $361,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,357,386

Other Expenses $1,380,378

TOTAL EXPENSES $1,380,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$361,139	$389,097	-0.1%
Expenses	$1,380,378	$351,957	+2.9%
Net Income	$-1,019,239	$37,140	-28.4%

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

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
KENNETH SCHMIES	PRESIDENT	N/A	Officer Director	$0	$0	$0
GUADALUPE ALVAREZ	VICE PRESIDE	N/A	Director	$0	$0	$0
LUCINA S HASTINGS	SECRETARY	N/A	Director	$0	$0	$0
JOHN R CAMPBELL	TREASURER	N/A	Director	$0	$0	$0
GUILLERMO CAVAZOS JR	TRUSTEE	N/A	Director	$0	$0	$0
CARLOS D GARCIA	TRUSTEE	N/A	Director	$0	$0	$0
EDUARDO GONZALEZ	TRUSTEE	N/A	Director	$0	$0	$0
YU-HSIEN HUANG DELRIO	TRUSTEE	N/A	Director	$0	$0	$0
JUNITA LIRA	TRUSTEE	N/A	Director	$0	$0	$0
ANTOINETTE VELA	TRUSTEE	N/A	Director	$0	$0	$0
MILLIE B SLAUGHTER	TRUSTEE	N/A	Director	$0	$0	$0
EDWARD C SHERWOOD	TRUSTEE	N/A	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
2024	No data	No data	No data	No data
2023	$361,139	$1,380,378	$412,515	$-1,019,239
2022	$389,097	$351,957	$1,428,818	$37,140
2021	$231,803	$152,447	$1,390,522	$79,356
2020	$1,115,106	$387,092	$1,309,468	$728,014
2019	$223,119	$25,448	$583,385	$197,671

LCC EDUCATION FOUNDATION