LAKE WALES CHARTER SCHOOL FOUNDATION INC (EIN 113735254) - 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

2004

Legal Domicile

Principal Officer

DR THOMAS MCKEON JR

Phone

8636796560

Tax Period

2022-07-01 to 2023-06-30

LAKE WALES CHARTER SCHOOL FOUNDATION INC, founded in 2004, is a small nonprofit that reported $403K in total revenue in fiscal year 2022. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $476K exceeded revenue, resulting in a 18% operating deficit.

Mission

SUPPORTING ORGANIZATION FOR LAKE WALES CHARTER SCHOOLS, INC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $350,586

Program Service Revenue $0

Investment Income $51,972

Other Revenue $0

TOTAL REVENUE $402,558

Expense Breakdown

Grants Paid $474,920

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $475,921

Other Expenses $1,001

TOTAL EXPENSES $475,921

Year-over-Year Comparison

	2022	2021	Change
Revenue	$402,558	$592,927	-0.3%
Expenses	$475,921	$538,043	-0.1%
Net Income	$-73,363	$54,884	-2.3%

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

$312,397

Total Directors

$312,397

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALRICKY SMITH	TREASURER	5.00	Officer Director	$0	$0	$169,948
DR WAYNE RODOLFICH	SECRETARY	5.00	Officer Director	$0	$0	$81,812
MARIE CHERRINGTON-GRAY	RECORDING SE	5.00	Officer Director	$0	$0	$60,637
PATRICK CAIN	TRUSTEE	2.00	Director	$0	$0	$0
RUTH FREEMAN	TRUSTEE	2.00	Director	$0	$0	$0
ROBIN GIBSON	BOARD ATTORN	2.00	Director	$0	$0	$0
DR THOMAS MCKEON JR	CHAIRMAN	10.00	Officer Director	$0	$0	$0
KENT LILLY	TRUSTEE	2.00	Director	$0	$0	$0
GREG LITTLETON	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS MCCANCE	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE OUELLETTE	TRUSTEE	2.00	Director	$0	$0	$0
SAM PETERSON	TRUSTEE	2.00	Director	$0	$0	$0
VIOLETA SALUD	TRUSTEE	2.00	Director	$0	$0	$0
KYLE STORY	TRUSTEE	2.00	Director	$0	$0	$0
JAMES TULLY	TRUSTEE	2.00	Director	$0	$0	$0
LAWRENCE UPDIKE	TRUSTEE	2.00	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
2023	$402,558	$475,921	$1,583,188	$-73,363
2022	$592,927	$538,043	$1,656,551	$54,884
2021	$393,436	$701,283	$1,758,278	$-307,847
2020	$905,732	$836,206	$2,076,978	$69,526
2019	$1,291,188	$513,196	$2,147,452	$777,992
2018	$1,409,976	$2,876,254	$1,934,252	$-1,466,278

LAKE WALES CHARTER SCHOOL FOUNDATION INC