LAKELAND CHRISTIAN ACADEMY ASSOCIATION INC

EIN: 351327583 501(c)(3) Education

WINONA LAKE, IN

Total Revenue
$4,115,409
Total Expenses
$3,736,022
Total Assets
$4,148,772
Net Assets
$3,605,985
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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
1974
Legal Domicile
IN
Principal Officer
JOE ELROD
Phone
5742677265
Tax Period
2023-07-01 to 2024-06-30

LAKELAND CHRISTIAN ACADEMY ASSOCIATION INC, founded in 1974, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $3.7M left a modest 9% surplus.

Mission

THE ORGANIZATION EXISTS TO PROVIDE A BIBLICALLY CENTERED EDUCATIONAL ENVIRONMENT SO THAT ITS STUDENTS MAY BE EQUIPED TO BECOME CHRIST HONORING MEMBERS OF THEIR FAMILIES, CHURCHES AND COMMUNITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $627,939
Program Service Revenue $3,302,626
Investment Income $119,476
Other Revenue $65,368
TOTAL REVENUE $4,115,409

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,007,029
Fundraising Expenses $41,523
Program Expenses $3,254,398
Other Expenses $728,993
TOTAL EXPENSES $3,736,022

Year-over-Year Comparison

2023 2022 Change
Revenue $4,115,409 $3,456,098 +0.2%
Expenses $3,736,022 $3,251,745 +0.1%
Net Income $379,387 $204,353 +0.9%
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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Governance

Voting Members
13
Independent Members
13
Employees
131
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
5
$95,825
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE ELROD ADMINISTRATO 40.00
Officer
$95,825 $0 $95,825
NATE BOSCH PRESIDENT N/A
Officer Director
$0 $0 $0
DON DEYONG BOARD MEMBER N/A
Director
$0 $0 $0
JASON ELLIS BOARD MEMBER N/A
Director
$0 $0 $0
TOBE FORSHTAY VICE PRESIDE N/A
Officer Director
$0 $0 $0
LINDSAY GERGELY BOARD MEMBER N/A
Director
$0 $0 $0
AL GROSSNICKLE SECRETARY N/A
Officer Director
$0 $0 $0
LARRY MCCALL BOARD MEMBER N/A
Director
$0 $0 $0
WENDELL MILLER BOARD MEMBER N/A
Director
$0 $0 $0
TAD NIETER BOARD MEMBER N/A
Director
$0 $0 $0
SHAWN STEGER TREASURER N/A
Officer Director
$0 $0 $0
KAREN STEVENS BOARD MEMBER N/A
Director
$0 $0 $0
BRANDON STEWART BOARD MEMBER N/A
Director
$0 $0 $0
JANELLE TURNER BOARD MEMBER N/A
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 $4,115,409 $3,736,022 $4,148,772 $379,387
2023 $3,456,098 $3,251,745 $3,464,128 $204,353
2022 $3,106,802 $2,954,726 $3,265,036 $152,076
2021 $2,857,438 $2,630,237 $3,380,455 $227,201
2020 $1,386,121 $1,419,220 $2,932,806 $-33,099
2019 $1,432,105 $1,390,731 $2,853,935 $41,374
2018 $1,220,174 $1,249,470 $2,758,913 $-29,296
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