LAKELAND-ANDOVER SCHOOL (EIN 221969866) - 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

1972

Legal Domicile

Principal Officer

GARY DEFOE

Phone

9733830208

Tax Period

2024-07-01 to 2025-06-30

LAKELAND-ANDOVER SCHOOL, founded in 1972, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024.

Mission

LAKELAND ANDOVER SCHOOL RESPECTS THAT EACH STUDENT IS AN INDIVIDUAL WITH UNIQUE TALENTS AND ABILITIES WHO CAN BENEFIT FROM AND ENJOY A STIMULATING EDUCATIONAL PROGRAM DESIGNED SPECIFICALLY TO MEET HIS OR HER NEEDS. THEREFORE, THE SCHOOL STRIVES TO PROVIDE QUALITY INDIVIDUALIZED EDUCATION PLANS TO STUDENTS IN A CARING, CREATIVE ENVIRONMENT, WHILE FACILITATING THE SOCIAL, EMOTIONAL, PHYSICAL, BEHAVIORAL, AND INTELLECTUAL DEVELOPMENT OF EACH STUDENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $103,379

Program Service Revenue $1,900,418

Investment Income $9,348

Other Revenue $0

TOTAL REVENUE $2,013,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,412,891

Fundraising Expenses $0

Program Expenses $1,816,700

Other Expenses $589,153

TOTAL EXPENSES $2,002,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,013,145	$1,879,067	+0.1%
Expenses	$2,002,044	$1,882,551	+0.1%
Net Income	$11,101	$-3,484	-4.2%

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

$213,856

Total Directors

$213,856

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY DEFOE	PRINCIPAL	40.00	Officer Director	$192,000	$21,856	$213,856
JOE GALLINI	TRUSTEE	1.00	Director	$0	$0	$0
EARLE WALLO	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTA GRABACK-WALLO	TRUSTEE	1.00	Director	$0	$0	$0
JIM STORMS	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN EBNER	TRUSTEE	1.00	Director	$0	$0	$0
TODD BORTEL	TRUSTEE	1.00	Director	$0	$0	$0
MARK GARCIA	TRUSTEE	1.00	Director	$0	$0	$0
BRAD TREACY	PRESIDENT	1.00	Officer Director	$0	$0	$0
REGINA BUCCINO	TEACHER	40.00	Highest	$103,409	$12,400	$115,809
SANDRA DEFOE	DIRECTOR OF ADMISSIONS, NURSE	40.00	Highest	$121,320	$14,686	$136,006

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	$2,013,145	$2,002,044	$1,258,564	$11,101
2024	$1,879,067	$1,882,551	$1,382,337	$-3,484
2023	$1,890,473	$1,843,165	$866,958	$47,308
2022	$1,704,918	$1,747,259	$701,861	$-42,341
2021	$1,752,146	$1,735,848	$625,551	$16,298
2020	$1,694,052	$1,678,360	$620,630	$15,692
2019	$1,737,206	$1,679,957	$483,993	$57,249

LAKELAND-ANDOVER SCHOOL