Landrum Foundation Inc

Nonprofit profile at a glance

EIN
860865876
IRS 990 coverage
2013–2016
Forms available
Form 990 2016, Form 990-N 2009
Location
Laveen, AZ, USA
Phone
6022376030
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Vocational Counseling

Reported finances

Revenue
$211,208
Expenses
$216,118
Assets
$22,290
Liabilities
$-9,401

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Leah Landrum-Taylor (Vice President/ Executive Director)
  • Hazel Landrum Williams (President/Board Chairman)

Highest reported compensation

  • Hazel Landrum Williams (President/Board Chairman): $29,070 total reported compensation
  • Leah Landrum-Taylor (Vice President/ Executive Director): $28,980 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Early Childhood Development We provide preschool and early learning services for underserved populations in the South Phoenix, Arizona metro area.

What it reported doing in 2016

Provided preschool and early childhood development to 100 children ages 3, 4, and 5, in South Phoenix, Arizona, an area targeted for low-income socioeconomic population. Services include the school lunch program, Childrens Garden, music instruction, fitness, and a Spanish language learning for native and non-Spanish speaking students. Our school has achieved the 3-Star Classification of Excellence after just four years in operation. Our goal is to achieve the 5-star rating at our next evalution, in 2016.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 90
  • Accountability: 37
  • Sustainability: 20
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.5%; rating input score 70
  • Program expense ratio: 68%; rating input score 68
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 6th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -2.3%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 0.1; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 26.9%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 66.7% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: -0% per year; rating input score 0; 35th percentile among comparable filings
  • Asset growth: 25.9% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 69.5% of revenue deployed · 68% of spending went to programs
  • Governance: 0 of 3 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $147K in reported program spending
  • Leadership: top reported pay $29K · 3 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2013 to 2016
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 13/100.