FRIENDS OF LAKE CHARLES CHARTER ACADEMY FOUNDATION INC (EIN 993183240) - 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

2024

Legal Domicile

Principal Officer

ULYSSES GENE THIBODEAUX

Phone

8778295500

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF LAKE CHARLES CHARTER ACADEMY FOUNDATION INC, founded in 2024, is a community nonprofit in the Mutual Benefit sector that reported $6.0M in total revenue in fiscal year 2024. The organization ran a surplus of $4.3M, a strong 71% operating margin.

Mission

FRIENDS OF LAKE CHARLES CHARTER ACADEMY FOUNDATION, INC. IS AN ENTITY ORGANIZED IN LOUISIANA AS A NOT-FOR-PROFIT CORPORATION IN 2024 TO ASSIST LCCA AND SWLCA IN OBTAINING BONDS PAYABLE FINANCING.

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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 $307

Program Service Revenue $5,952,974

Investment Income $74,270

Other Revenue $0

TOTAL REVENUE $6,027,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,768,773

TOTAL EXPENSES $1,768,773

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,027,551	N/A	N/A
Expenses	$1,768,773	N/A	N/A
Net Income	$4,258,778	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

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
JUDGE ULYSSES GENE THIBODEAUX	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES A HONORE	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
CLYDE W MITCHELL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LORETTE BASS	TRUSTEE	1.00	Director	$0	$0	$0
PHYLLIS KETTLING	TRUSTEE	1.00	Director	$0	$0	$0
DR KATHY LEWIS-THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
NORA PAPILLION	TRUSTEE	1.00	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
2025	$6,027,551	$1,768,773	$31,965,307	$4,258,778

FRIENDS OF LAKE CHARLES CHARTER ACADEMY FOUNDATION INC