LAKER EDUCATIONAL FOUNDATION

EIN: 383717510 501(c)(3) Education

PRIOR LAKE, MN

Total Revenue
$15,580
Total Expenses
$41,374
Total Assets
$325,116
Net Assets
$192,602
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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
2005
Legal Domicile
MN
Phone
9522260063
Tax Period
2023-07-01 to 2024-06-30

LAKER EDUCATIONAL FOUNDATION, founded in 2005, is a micro nonprofit in the Education sector that reported $16K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $41K exceeded revenue, resulting in a 166% operating deficit.

Mission

TO ENCOURAGE CREATIVITY, INNOVATION, AND EXCELLENCE BY RAISING FINANCIAL RESOURCES TO ENHANCE LEARNING FOR ALL WHO RESIDE IN, OR ARE SERVED BY, THE ISD 719 COMMUNITY

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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 $16,779
Program Service Revenue $534
Investment Income $5,869
Other Revenue $-7,602
TOTAL REVENUE $15,580

Expense Breakdown

Grants Paid $29,139
Salaries & Benefits $9,140
Fundraising Expenses $2,431
Program Expenses $29,515
Other Expenses $3,095
TOTAL EXPENSES $41,374

Year-over-Year Comparison

2023 2022 Change
Revenue $15,580 $23,296 -0.3%
Expenses $41,374 $41,593 0.0%
Net Income $-25,794 $-18,297 +0.4%
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

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
50

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
$5,490
Total Directors
11
$5,490
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAYME ANDERSON Executive Dir. 4.00
Officer Director
$5,490 $0 $5,490
MARTHA WALZ administrative assistant 4.00
$3,000 $0 $3,000
HEIDI CARLSON Director 0.00
Director
$0 $0 $0
KIM TREDINNICK Treasurer 4.00
Officer Director
$0 $0 $0
TIM BELL Secretary 4.00
Officer Director
$0 $0 $0
ENRIQUE VELAZQUEZ Director 4.00
Director
$0 $0 $0
CHARLIE SEDERSTROM Director 4.00
Director
$0 $0 $0
RICHIE KUCINSKI President 4.00
Officer Director
$0 $0 $0
JOSEPH BOYKIN Director 0.00
Director
$0 $0 $0
BILL WHALEN Director 0.00
Director
$0 $0 $0
PAUL WICK Director 0.00
Director
$0 $0 $0
RICKEETA FRANCIS Vice President 4.00
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 $15,580 $41,374 $325,116 $-25,794
2023 $23,296 $41,593 $372,581 $-18,297
2022 $39,774 $28,664 $377,276 $11,110
2021 $43,197 $9,833 $399,486 $33,364
2021 $49,806 $9,833 $433,176 $39,973
2019 $47,083 $26,726 $356,019 $20,357
2018 $6,890 $24,388 $343,819 $-17,498
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