LINCOLN ACADEMY (EIN 010219126) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1801

Legal Domicile

Principal Officer

WENDY CORLETT

Phone

2075633596

Tax Period

2024-07-01 to 2025-06-30

LINCOLN ACADEMY, founded in 1801, is a mid-sized nonprofit in the Education sector that reported $12.4M in total revenue in fiscal year 2018.

Mission

GROUNDED IN COMMUNITY, GLOBAL IN VISION, AND RICH IN OPPORTUNITY, LINCOLN ACADEMY CHALLENGES ALL STUDENTS TO GROW IN SKILLS AND SCHOLARSHIP, SERVE OTHERS, AND LEAD FULFILLING LIVES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $473,920

Program Service Revenue $11,771,393

Investment Income $232,219

Other Revenue $193,719

TOTAL REVENUE $12,671,251

Expense Breakdown

Grants Paid $1,053,890

Salaries & Benefits $8,222,436

Fundraising Expenses $201,297

Program Expenses $8,959,230

Other Expenses $4,709,930

TOTAL EXPENSES $13,986,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,671,251	$11,231,669	+0.1%
Expenses	$13,986,256	$12,831,551	+0.1%
Net Income	$-1,315,005	$-1,599,882	-0.2%

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

207

Volunteers

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

$397,716

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY BURROUGHS	HEAD OF SCHO	50.00	Officer	$196,246	$40,049	$236,295
WENDY CORLETT	CFO	50.00	Officer	$127,475	$33,946	$161,421
CINDY WADE	CHAIR	5.00	Officer Director	$0	$0	$0
JUDI HILTON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
FAUSTINE RENY	SECRETARY	2.00	Officer Director	$0	$0	$0
PAUL ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
NANCY STARMER	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN HUFNAGEL	TRUSTEE	1.00	Director	$0	$0	$0
JILL GRIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
SAM BELKNAP	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER OLSON	TRUSTEE	1.00	Director	$0	$0	$0
JULIET KELSEY-HOLMES	TRUSTEE	1.00	Director	$0	$0	$0
SARA MITCHELL	TRUSTEE	1.00	Director	$0	$0	$0
JOHN ERAKLIS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID FIELDS	TRUSTEE	1.00	Director	$0	$0	$0
SARAH MAURER	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH STORER	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER RIBEIRO	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	$12,671,251	$13,986,256	$24,223,170	$-1,315,005
2024	No data	No data	No data	No data
2023	$10,810,192	$12,284,906	$25,783,868	$-1,474,714
2022	$10,154,906	$11,836,064	$26,912,812	$-1,681,158
2021	$16,577,404	$10,707,345	$30,176,614	$5,870,059
2020	$10,041,123	$11,308,453	$24,424,181	$-1,267,330
2019	$12,434,372	$12,665,791	$25,443,922	$-231,419

LINCOLN ACADEMY