FOREST LAKE, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PREPARE TOMORROW'S CRITICAL THINKERS AND GLOBAL CITIZENS THROUGH LANGUAGE ACQUISITION AND INQUIRY-DRIVEN STUDY. TO DELIVER A HIGH CALIBER EDUCATION FROM A GLOBAL PERSPECTIVE THAT COMBINES SECOND-LANGUAGE ACQUISITION WITH A PROVEN INQUIRY-BASED LEARNING APPROACH, ENHANCING INDIVIDUAL ACHIEVEMENT, AND BUILDING COMMUNITY CONNECTIONS.
K-12 PUBLIC SCHOOL WITH FOR-FEE PRESCHOOL. THE SCHOOL HAS COMPLETED ITS 21ST YEAR OF OPERATION. IT BEGAN AS A K-6 SCHOOL AND EXPANDED TO GRADES 7-8 IN 2015 AND GRADES 9-12 IN 2016. THE SCHOOL SERVES...
K-12 PUBLIC SCHOOL WITH FOR-FEE PRESCHOOL. THE SCHOOL HAS COMPLETED ITS 21ST YEAR OF OPERATION. IT BEGAN AS A K-6 SCHOOL AND EXPANDED TO GRADES 7-8 IN 2015 AND GRADES 9-12 IN 2016. THE SCHOOL SERVES STUDENTS AT THREE BUILDINGS ON TWO CAMPUSES. KINDER CENTER SERVES PREK AND K; LOWER SCHOOL SERVES GRADES 1-5; UPPER SCHOOL HOUSES GRADES 6-12. K-12 STUDENT ENROLLMENT TOTALED 1293 STUDENTS IN FY25. THE INTERNATIONAL BACCALAUREATE ORGANIZATION AUTHORIZED LILA AS AN IB WORLD SCHOOL FOR ALL GRADES. AUTHORIZATION OCCURS AFTER A THREE-YEAR CANDIDACY FOR EACH LEVEL: PRIMARY YEARS PROGRAMME FOR GRADES PREK TO 5, MIDDLE YEARS PROGRAMME FOR GRADES 6-10, AND DIPLOMA PROGRAMME FOR GRADES 11-12. AUTHORIZATION ONLY RESULTS WHEN A SCHOOL HAS BUILT AND IMPLEMENTED ITS IB PROGRAMME CURRICULUM FRAMEWORK TO EXACTING STANDARDS. THE SCHOOL OFFERS MANDARIN CHINESE IMMERSION AND SPANISH IMMERSION TRACKS TO GRADE 5. UPPER SCHOOL STUDENTS HAVE LANGUAGE ACQUISITION AS A FOCUS, BUT THE CURRICULUM IS NOT FULL IMMERSION. INSTEAD, IT IS MEANT FOR NEW LANGUAGE LEARNERS AS WELL AS FOR IMMERSION STUDENTS MATRICULATING FROM LOWER SCHOOL OR OTHER IMMERSION SCHOOLS. LILA GRADUATES TYPICALLY EARN THE STATE BILINGUAL SEAL ON THEIR DIPLOMAS. THE SCHOOL HAS GRADUATION RATES SURPASSING 95%.
COMMUNITY SERVICE PROGRAM, KINDER PREP PRESCHOOL. A FEE-BASED PRESCHOOL FOR AGES 3-5, KINDER PREP PRESCHOOL DOES NOT RECEIVE STATE PUPIL FUNDING. KINDER PREP PRESCHOOL OPENED IN FALL 2013. ITS...
COMMUNITY SERVICE PROGRAM, KINDER PREP PRESCHOOL. A FEE-BASED PRESCHOOL FOR AGES 3-5, KINDER PREP PRESCHOOL DOES NOT RECEIVE STATE PUPIL FUNDING. KINDER PREP PRESCHOOL OPENED IN FALL 2013. ITS CURRICULUM REFLECTS THE IB WHOLE-CHILD PHILOSOPHY AND HAS A RICH LANGUAGE COMPONENT, WITH TEACHERS SPEAKING CHINESE, SPANISH, AND ENGLISH TO ALL PARTICIPANTS. ABOUT 115 STUDENTS WERE ENROLLED DURING THE 2024-2025 SCHOOL YEAR. LICENSED BILINGUAL TEACHERS PARTNER WITH CLASSROOM AIDES TO DELIVER ACADEMIC AND SOCIAL-EMOTIONAL EDUCATION, PREPARING STUDENTS FOR KINDERGARTEN AND BEYOND. IN THE 2024-25 SCHOOL YEAR, KINDER PREP PILOTED A TUITION WAIVER PROGRAM FOR LOW INCOME STUDENTS WHO WERE UNABLE TO RECEIVE STATE PREK AID DUE TO CHILD'S AGE OR DUE TO A CHANGE IN ECONOMIC CIRCUMSTANCE AFTER THE STATE AID APPLICATION WINDOW CLOSED. THE SCHOOL BENEFITS FROM THE INCREASED PREK INTAKE WHEN THE CHILD(REN) MATRICULATE TO KINDERGARTEN. IT ALSO ALLOWS FAMILIES WITH A STATE-PAID PREK CHILD TO HAVE BOTH THEIR PRE-K AGED CHILDREN ATTEND KINDER PREP.
COMMUNITY SERVICE PROGRAM: EXPLORER CLUB SCHOOL AGE CARE. LILA'S EXPLORER CLUB SCHOOL AGE CHILDCARE PROGRAM IS A FOR-FEE PROGRAM THAT SERVED APPROXIMATELY 200 STUDENTS THROUGHOUT THE FISCAL YEAR. THE...
COMMUNITY SERVICE PROGRAM: EXPLORER CLUB SCHOOL AGE CARE. LILA'S EXPLORER CLUB SCHOOL AGE CHILDCARE PROGRAM IS A FOR-FEE PROGRAM THAT SERVED APPROXIMATELY 200 STUDENTS THROUGHOUT THE FISCAL YEAR. THE PROGRAM EMPLOYEES ENHANCE STUDENTS' EXPOSURE TO SPANISH AND CHINESE LANGUAGE AS THEY CONDUCT THEIR PROGRAM IN SPANISH, CHINESE, AND ENGLISH. IT IS QUALIFIED AS A FOUR STAR PARENT AWARE PROGRAM, THE HIGHEST RATING. THE PROGRAM IS LOCATED AT KINDER CENTER AND LOWER SCHOOL BUILDINGS AND SERVES GRADES PREK TO 5.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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