LOUISIANA KEY ACADEMY (EIN 455616292) - 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

2013

Legal Domicile

Principal Officer

LAURA CASSIDY

Phone

2252981223

Tax Period

2024-07-01 to 2025-06-30

LOUISIANA KEY ACADEMY, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $15.7M in total revenue in fiscal year 2024. Expenses of $17.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

LKA IS A MODEL AND RESOURCE FOR THE COMMUNITY TO UNDERSTAND WHAT DYSLEXIA IS AND HOW COMMON IT IS SO THAT CHILDREN ARE IDENTIFIED AT AN EARLY AGE AND GIVEN THE APPROPRIATE REMEDIATION. LKA OPERATES A CHARTER SCHOOL WITH EMPHASIS ON TEACHING CHILDREN WITH DYSLEXIA.

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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 $14,642,084

Program Service Revenue $940,446

Investment Income $13,735

Other Revenue $100,000

TOTAL REVENUE $15,696,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,793,784

Fundraising Expenses $640,541

Program Expenses $13,643,525

Other Expenses $6,775,003

TOTAL EXPENSES $17,568,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,696,265	$14,975,895	+0.0%
Expenses	$17,568,787	$15,276,220	+0.2%
Net Income	$-1,872,522	$-300,325	+5.2%

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

210

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM CARVER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN ST CYR	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
STACY ANTIE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH HOLLINS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA CASSIDY MD	PRESIDENT	3.00	Officer	$0	$0	$0
RALPH STEPHENS JD CPA	TREASURER	1.00	Officer	$0	$0	$0
RENEE MARIONEAUX KELLER	SECRETARY	1.00	Officer	$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	$15,696,265	$17,568,787	$5,248,352	$-1,872,522
2024	No data	No data	No data	No data
2023	$11,561,042	$9,776,160	$7,593,233	$1,784,882
2022	$8,654,343	$7,232,166	$5,121,055	$1,422,177
2021	$6,720,412	$6,573,139	$5,460,675	$147,273
2020	$5,957,765	$5,582,797	$5,974,622	$374,968
2019	$5,436,671	$4,873,929	$3,584,906	$562,742
2018	$4,790,483	$4,639,512	$3,040,056	$150,971

LOUISIANA KEY ACADEMY