Lake Norman Christian School (EIN 262683788) - 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

2008

Legal Domicile

Principal Officer

Valerie Amick

Phone

7049879811

Tax Period

2023-07-01 to 2024-06-30

Lake Norman Christian School, founded in 2008, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $754K, a strong 29% operating margin.

Mission

The mission of Lake Norman Christian School is to provide a college-preparatory education in a safe and nurturing environment grounded in the Christian faith.

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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 $504,690

Program Service Revenue $1,590,365

Investment Income $4,132

Other Revenue $478,991

TOTAL REVENUE $2,578,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,046,678

Fundraising Expenses $31,130

Program Expenses $1,404,223

Other Expenses $777,746

TOTAL EXPENSES $1,824,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,578,178	$1,371,511	+0.9%
Expenses	$1,824,424	$1,572,662	+0.2%
Net Income	$753,754	$-201,151	-4.7%

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

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

$75,104

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christian Williams	HOS	40.00	Officer	$75,104	$0	$75,104
Paul Brandt	Interim HOS	0.00		$17,500	$0	$17,500
Ali Kidd	Director	5.00	Director	$0	$0	$0
Helen Johnson	Treasurer	5.00	Officer Director	$0	$0	$0
Chris Schweigle	Secretary	5.00	Officer Director	$0	$0	$0
Valerie Amick	President	5.00	Officer Director	$0	$0	$0
Jeff White	Vice President	5.00	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	$2,578,178	$1,824,424	$6,598,595	$753,754
2023	$1,371,511	$1,572,662	$195,978	$-201,151
2022	$1,666,715	$1,886,308	$379,729	$-219,593
2021	$1,904,653	$1,495,526	$805,046	$409,127
2020	$1,181,110	$1,259,570	$475,543	$-78,460
2019	$1,109,301	$1,209,745	$338,315	$-100,444
2018	$1,472,047	$1,419,382	$464,348	$52,665

Lake Norman Christian School