NORTH LAKES ACADEMY (EIN 411941981) - 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

1999

Legal Domicile

Principal Officer

MORGAN BORCK

Phone

6519822688

Tax Period

2024-07-01 to 2025-06-30

NORTH LAKES ACADEMY, founded in 1999, is a community nonprofit in the Education sector that reported $8.0M in total revenue in fiscal year 2024. Expenses of $7.3M left a modest 8% surplus.

Mission

PUBLIC CHARTER SCHOOL - K-12 EDUCATIONAL SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,757,088

Program Service Revenue $143,597

Investment Income $646

Other Revenue $68,858

TOTAL REVENUE $7,970,189

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $4,090,900

Fundraising Expenses $0

Program Expenses $6,447,222

Other Expenses $3,231,719

TOTAL EXPENSES $7,325,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,970,189	$8,157,374	0.0%
Expenses	$7,325,619	$7,808,907	-0.1%
Net Income	$644,570	$348,467	+0.8%

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

138

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

$142,993

Total Directors

$195,909

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG HINE	BOARD CHAIR/PARENT	3.00	Officer Director	$0	$0	$0
ALLISON TUCKER	VICE CHAIR/EDUCATOR	40.00	Officer Director	$42,358	$5,913	$48,271
CHRIS DALE	TREASURER/COMMUNITY	3.00	Officer Director	$0	$0	$0
MORGAN BORCK	DIRECTOR/EDUCATOR	40.00	Director	$43,414	$5,977	$49,391
MITCH HOULE	DIRECTOR/EDUCATOR	40.00	Director	$46,809	$5,218	$52,027
JESS KLIMA CHAMBERLAND	DIRECTOR/EDUCATOR	40.00	Director	$41,628	$4,592	$46,220
MATT MOLITOR	DIRECTOR/PARENT/COMMUNITY	1.00	Officer Director	$0	$0	$0
ABBIE RASMUSSON	DIRECTOR/PARENT/COMMUNITY	1.00	Director	$0	$0	$0
CECELIA DODGE	EXECUTIVE DIRECTOR	40.00	Officer	$93,553	$1,169	$94,722

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	$7,970,189	$7,325,619	$3,311,682	$644,570
2024	$8,157,374	$7,808,907	$3,347,536	$348,467
2023	$8,444,266	$8,542,847	$3,888,330	$-98,581
2022	$7,717,810	$8,505,551	$4,392,458	$-787,741
2021	$8,303,714	$7,683,037	$4,585,433	$620,677
2020	$6,951,294	$7,183,027	$4,298,992	$-231,733
2019	$4,963,259	$5,002,873	$4,322,798	$-39,614
2018	$4,648,578	$4,503,922	$5,394,133	$144,656

NORTH LAKES ACADEMY