Eastlake High School

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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

Nicole Simmons-Rochon

Phone

7193008947

Tax Period

2023-07-01 to 2024-06-30

Eastlake High School, founded in 2004, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 15% surplus.

Mission

Eastlake High School, fka Life Skills Center of Colorado Springs was established to provide its students with an individualized, self-paced, computer-based, and tuition-free education complemented by a life skills and vocational training component.

Program Service Accomplishments

Program 1

Expenses: $1,554,260 Revenue: $1,615,315

Provided an educational facility and services to students who have dropped out of, or are at risk of dropping out of, their respective high school, and provided those individuals with a high school...

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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 (2023)

Revenue Breakdown

Contributions & Grants $509,530

Program Service Revenue $1,614,796

Investment Income $10,317

Other Revenue $519

TOTAL REVENUE $2,135,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $957,854

Fundraising Expenses $0

Program Expenses $1,554,260

Other Expenses $865,713

TOTAL EXPENSES $1,823,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,135,162	$1,729,251	+0.2%
Expenses	$1,823,567	$1,322,104	+0.4%
Net Income	$311,595	$407,147	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stanley Gbandawa	Treasurer	1.00	Officer Director	$0	$0	$0
Florian DeCastro	Board President	1.00	Officer Director	$0	$0	$0
Nicole Simmons-Rochon	Board Vice-President	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$2,135,162	$1,823,567	$1,660,284	$311,595
2023	$1,729,251	$1,322,104	$1,051,876	$407,147
2022	$1,358,510	$1,446,663	$908,491	$-88,153
2021	$1,649,552	$2,244,534	$1,819,343	$-594,982
2019	$3,324,947	No data	No data	No data