LAKES INTERNATIONAL LANGUAGE ACADEMY (EIN 200393839) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

SHANNON PETERSON

Phone

6514640771

Tax Period

2024-07-01 to 2025-06-30

LAKES INTERNATIONAL LANGUAGE ACADEMY, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $21.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PREPARE TOMORROW'S THINKERS AND CITIZENS THROUGH LANGUAGE ACQUISITION AND INQUIRY-DRIVEN STUDY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,196,649

Program Service Revenue $2,031,033

Investment Income $206,272

Other Revenue $344,553

TOTAL REVENUE $21,778,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,546,141

Fundraising Expenses $0

Program Expenses $19,707,978

Other Expenses $6,965,906

TOTAL EXPENSES $21,512,047

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,778,507	$19,140,650	+0.1%
Expenses	$21,512,047	$18,862,668	+0.1%
Net Income	$266,460	$277,982	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

407

Volunteers

300

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

$320,088

Total Directors

$176,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE FEAGAN	CHAIR	3.00	Officer Director	$0	$0	$0
JENNIFER MAY	VICE CHAIR	3.00	Officer Director	$0	$0	$0
COREY PURKAT	TREASURER	3.00	Officer Director	$0	$0	$0
KARL SCHAUMANN	MEMBER/TEACHER	42.00	Director	$48,384	$12,515	$60,899
MATT GOCKOWSKI	MEMBER/TEACHER	42.00	Director	$40,820	$12,705	$53,525
ERIN CHAPMAN	MEMBER/TEACHER	42.00	Director	$36,928	$25,348	$62,276
CAM HEDLUND	MEMBER	1.00	Director	$0	$0	$0
JONELL PACYGA	MEMBER	2.00	Director	$0	$0	$0
MIKE RYNDERS	MEMBER	2.00	Director	$0	$0	$0
SHANNON PETERSON	EXECUTIVE DIRECTOR	50.00	Officer	$151,481	$23,890	$175,371
JULIE LUNDGREN	CHIEF FINANCIAL OFFICER	50.00	Officer	$117,685	$27,032	$144,717
NANCY HAWKINSON	SECONDARY PRINCIPAL	40.00	Highest	$107,001	$9,471	$116,472
KATHRYN GRIEBEL	ELEMENTARY PRINCIPAL	40.00	Highest	$104,393	$9,242	$113,635
ADRIENNE CAULDERO	SPECIAL EDUCATION DIRECTOR	40.00	Highest	$107,821	$12,942	$120,763

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	$21,778,507	$21,512,047	$11,509,188	$266,460
2024	$19,140,650	$18,862,668	$11,771,369	$277,982
2023	$18,352,789	$17,654,729	$12,726,091	$698,060
2022	$17,574,627	$17,496,216	$12,900,821	$78,411
2021	$15,744,589	$15,973,085	$12,188,611	$-228,496
2020	$15,192,241	$14,118,961	$12,803,742	$1,073,280
2019	$12,569,360	$12,128,250	$12,955,108	$441,110
2018	$11,467,634	$10,898,184	$13,475,430	$569,450

LAKES INTERNATIONAL LANGUAGE ACADEMY