NORTH RIDGEVILLE, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAKE RIDGE ACADEMY, founded in 1963, is a community nonprofit in the Education sector that reported $9.5M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $11.6M exceeded revenue, resulting in a 23% operating deficit.
OUR MISSION IS TO SEND INTO A CHANGING WORLD CONFIDENT YOUNG PEOPLE OF INTEGRITY WHO THINK CRITICALLY AND CREATIVELY WHILE EMBRACING THE JOY OF LIFELONG LEARNING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $9,455,786 | $13,069,234 | -0.3% |
| Expenses | $11,631,040 | $14,101,883 | -0.2% |
| Net Income | $-2,175,254 | $-1,032,649 | +1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRIAN SHIMKO | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TOM DAKE | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER LAGASSE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAURIE GATTEN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MANUEL CARBALLO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN DOOLOS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS DRESING | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| COLE FAUVER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MEREDITH GADSBY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KARI HALKO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN HYMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PAULA JANMEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DON KAATZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF KNAPP | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE MICLAT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JARED OAKES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SERENA PAL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH PARKER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIA SERTICH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MONA THOMPSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MITCH WHITE | HEAD OF SCHOOL | 40.00 |
Officer
|
$236,325 | $21,908 | $258,233 |
| MARK CHARVAT | CFO | 40.00 |
Officer
|
$122,258 | $0 | $122,258 |
| LINDA KOZLER | DIR.-STUDENT SVCS.&SUPPORT | 40.00 |
Highest
|
$103,547 | $0 | $103,547 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $9,455,786 | $11,631,040 | $11,187,674 | $-2,175,254 |
| 2023 | $13,069,234 | $14,101,883 | $12,636,571 | $-1,032,649 |
| 2022 | $14,706,363 | $14,343,955 | $13,940,629 | $362,408 |
| 2021 | $14,431,885 | $13,824,306 | $14,038,501 | $607,579 |
| 2020 | $12,941,807 | $13,607,461 | $14,650,196 | $-665,654 |
| 2019 | $13,042,096 | $13,455,101 | $14,189,670 | $-413,005 |
| 2018 | $12,671,868 | $12,716,573 | $14,031,038 | $-44,705 |
Compare LAKE RIDGE ACADEMY with other nonprofits in Ohio and across the country.