LAKE WALES CHARTER SCHOOLS INC

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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

2002

Legal Domicile

Principal Officer

ALRICKY SMITH

Phone

8636796560

Tax Period

2024-07-01 to 2025-06-30

LAKE WALES CHARTER SCHOOLS INC, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $57.0M in total revenue in fiscal year 2024.

Mission

TO BRING THE BEST OF PUBLIC EDUCATION TO OUR COMMUNITY BY PROVIDING INNOVATION AND CHOICE WITHIN A CONTINUOUS PRE-SCHOOL THROUGH POST SECONDARY CURRICULUM SO THAT EACH CHILD RECOGNIZES THE BENEFITS OF LIFE-LONG LEARNING, CONSTRUCTIVE CITIZENSHIP AND PERSONAL HAPPINESS.

Program Service Accomplishments

Program 1

Expenses: $45,421,912 Revenue: $45,024,884

THE CURRICULUM WILL INCLUDE A CHOICE OF CAREER PATHS AND OTHER EDUCATIONAL OPPORTUNITIES THAT BENEFIT FROM PARTNERSHIPS WITH LOCAL BUSINESSES PROVIDING SUPPORT AND MENTORING. THE SCHOOLS SERVED AN...

THE CURRICULUM WILL INCLUDE A CHOICE OF CAREER PATHS AND OTHER EDUCATIONAL OPPORTUNITIES THAT BENEFIT FROM PARTNERSHIPS WITH LOCAL BUSINESSES PROVIDING SUPPORT AND MENTORING. THE SCHOOLS SERVED AN AVERAGE OF 4,981 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2025.

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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 $11,892,308

Program Service Revenue $44,682,272

Investment Income $94,792

Other Revenue $342,612

TOTAL REVENUE $57,011,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,119,438

Fundraising Expenses $0

Program Expenses $45,421,912

Other Expenses $15,335,393

TOTAL EXPENSES $55,454,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,011,984	$59,232,094	0.0%
Expenses	$55,454,831	$60,955,272	-0.1%
Net Income	$1,557,153	$-1,723,178	-1.9%

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

737

Volunteers

760

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

$1,197,526

Total Directors

$499,814

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALRICKY DE SHAUN SMITH	ASSISTANT SUPERINTENDENT	40.00	Officer Director	$169,521	$0	$216,682
MARIE M CHERRINGTON-GRAY	BOARD SECRETARY	40.00	Officer Director	$70,767	$0	$96,434
MICHAEL FLOOD	TRUSTEE/TEACHER REP	2.00	Director	$69,463	$0	$94,498
JAIME WINFREE	TRUSTEE/TEACHER REP	2.00	Director	$67,827	$0	$92,200
LORI HUTTO	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW BLAIR	TRUSTEE	2.00	Director	$0	$0	$0
TONYA STEWART	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN MARBUTT	TRUSTEE	2.00	Director	$0	$0	$0
LYNN JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS MCKEON	TRUSTEE	2.00	Director	$0	$0	$0
GAIL QUAM	TRUSTEE	2.00	Director	$0	$0	$0
RAFAEL UNZUETA	TRUSTEE	2.00	Director	$0	$0	$0
ANNA C BARCENAS	PRINCIPAL	40.00	Officer	$109,308	$0	$143,366
KIM M GRIFFITHS	PRINCIPAL	40.00	Officer	$105,108	$0	$127,950
ANUJ SARAN	PRINCIPAL	40.00	Officer	$152,928	$0	$196,195
TOYALETA SPEED	PRINCIPAL	40.00	Officer	$92,107	$0	$122,255
REBECCA THOMAS	PRINCIPAL	40.00	Officer	$107,240	$0	$141,110
ELIZABETH H TYLER	PRINCIPAL	40.00	Officer	$117,402	$0	$153,534
JASMINE J ANSLEY	ASSISTANT PRINCIPAL	40.00	Highest	$99,471	$0	$130,163
APRIL M BARNHARDT	PRINCIPAL	40.00	Highest	$107,401	$0	$141,522
JENNIFER BARROW	DIRECTOR	40.00	Highest	$116,437	$0	$161,856
ANGELA R HEYWARD	DIRECTOR FEDERAL PROGRAMS	40.00	Highest	$100,077	$0	$132,673
JASON S SHICK	ASSISTANT PRINCIPAL	40.00	Highest	$98,966	$0	$130,649
WAYNE V RODOLFICH	FORMER SUPERINTENDENT	40.00		$140,524	$0	$175,737

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	$57,011,984	$55,454,831	$54,281,215	$1,557,153
2024	$59,232,094	$60,955,272	$54,994,979	$-1,723,178
2023	$56,865,523	$54,726,221	$50,570,470	$2,139,302
2022	$49,848,842	$45,330,649	$43,730,165	$4,518,193
2021	$45,984,784	$43,476,851	$35,506,108	$2,507,933
2020	$41,081,577	$42,688,319	$29,221,588	$-1,606,742
2019	$40,890,723	$40,060,328	$28,723,766	$830,395
2018	$40,400,383	$36,002,610	$26,290,300	$4,397,773