Lake Oconee Academy Inc (EIN 260385375) - 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

2007

Legal Domicile

Principal Officer

BRAD BOWLING

Phone

7064541562

Tax Period

2022-07-01 to 2023-06-30

Lake Oconee Academy Inc, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $16.5M in total revenue in fiscal year 2022. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $14.9M left a modest 9% surplus.

Mission

The mission of the charter school is to increase student achievement

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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 (2022)

Revenue Breakdown

Contributions & Grants $785,697

Program Service Revenue $15,675,092

Investment Income $5,128

Other Revenue $0

TOTAL REVENUE $16,465,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,071,579

Fundraising Expenses $0

Program Expenses $11,015,063

Other Expenses $3,863,633

TOTAL EXPENSES $14,935,212

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,465,917	$12,895,020	+0.3%
Expenses	$14,935,212	$13,245,703	+0.1%
Net Income	$1,530,705	$-350,683	-5.4%

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

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

$161,973

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM LARKIN	Board Member	1.000	Director	$0	$0	$0
KRISTINA JASKYTE-BAHR	Board Member	1.000	Director	$0	$0	$0
RICHARD SCHMIDT	Secretary	1.000	Officer Director	$0	$0	$0
MICHAEL TOMPKINS	Chairman	1.000	Director	$0	$0	$0
BRADFORD G BOWLING	CEO	40.00	Officer	$135,000	$26,973	$161,973
SARAH PEACOCK	Board Member	1.000	Director	$0	$0	$0
JENNIFER VAUGHN	Board Member	1.000	Director	$0	$0	$0
DAVID M FAUNTE	CFO	1.000	Officer	$0	$0	$0
OTHO B TUCKER	CEO	40.00		$283,337	$50,079	$333,416
QUINCY CHAFFIN	Board Member	1.000	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	No data	No data	No data	No data
2023	$16,465,917	$14,935,212	$33,809,016	$1,530,705
2022	$12,895,020	$13,245,703	$28,770,370	$-350,683
2021	$14,507,405	$11,786,512	$11,096,190	$2,720,893
2020	$11,797,723	$11,976,544	$9,007,453	$-178,821
2019	$11,032,205	$10,188,343	$7,313,535	$843,862
2018	$10,434,310	$9,492,152	$7,606,232	$942,158

Lake Oconee Academy Inc