LAKES INTERNATIONAL LANGUAGE ACADE… - Form 990 Financial Data

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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

JENNIFER MAY

Tax Period

2018-09-01 to 2019-08-31

LAKES INTERNATIONAL LANGUAGE ACADEMY PTO, founded in 2004, is a small nonprofit that reported $110K in total revenue in fiscal year 2018. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $138K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO ENHANCE LEARNING ENVIRONMENT THROUGH POSITIVE HOME/SCHOOL RELATIONSHIPS

Program Service Accomplishments

Program 1

Expenses: $105,687

PROVIDES UP TO 200 PER TEACHER IN FUNDING FOR CLASSROOM SUPPLIES, SUPPORTS SPECIAL SCHOOL PURCHASES, AS WELL AS ONGOING MAINTENANCE, TEACHER AND STAFF RECOGNITION.

Program 2

Expenses: $28,409

SPONSORS LANGUAGE AMBASSADORS WHO WORK IN THE CLASSROOMS AS TEACHER'S ASSISTANTS AND OFFER STUDENTS MORE LANGUAGE PRACTICE WITH NATIVE SPEAKERS.

Program 3

Expenses: $1,327

SUPPORTS LILA FOR STUDENT-RELATED EXTRACURRICULAR ACTIVITIES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $7,162

Program Service Revenue $0

Investment Income $99

Other Revenue $103,050

TOTAL REVENUE $110,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,423

Other Expenses $137,560

TOTAL EXPENSES $137,560

Year-over-Year Comparison

	2018	2017	Change
Revenue	$110,311	$236,651	-0.5%
Expenses	$137,560	$181,674	-0.2%
Net Income	$-27,249	$54,977	-1.5%

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

150

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER MAY	PRESIDENT	3.00	Officer Director	$0	$0	$0
KELLY FARRELL	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
KELLY HAGER	TREASURER	3.00	Officer Director	$0	$0	$0
JENNIFER JOHNSON	SECRETARY	3.00	Officer Director	$0	$0	$0
LAURA TUCCI	PARENT REP	1.00	Director	$0	$0	$0
MAUREEN PETERS	PARENT REP	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
2019	$110,311	$137,560	$147,313	$-27,249
2018	$236,651	$181,674	$174,562	$54,977

LAKES INTERNATIONAL LANGUAGE ACADEMY PTO