Lake Oconee Academy Foundation Inc (EIN 460908049) - 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

2012

Legal Domicile

Principal Officer

ANSLEY VINSON

Phone

7064541562

Tax Period

2023-07-01 to 2024-06-30

Lake Oconee Academy Foundation Inc, founded in 2012, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

The Organization supports the Lake Oconee Academy a public charter school

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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 (2023)

Revenue Breakdown

Contributions & Grants $638,056

Program Service Revenue $1,051,020

Investment Income $11,245

Other Revenue $0

TOTAL REVENUE $1,700,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,833

Fundraising Expenses $254,137

Program Expenses $222,548

Other Expenses $1,781,265

TOTAL EXPENSES $1,816,098

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,700,321	$1,495,173	+0.1%
Expenses	$1,816,098	$1,742,413	+0.0%
Net Income	$-115,777	$-247,240	-0.5%

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

N/A

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
TAMMY BEATTY	Board Member	1.000	Director	$0	$0	$0
STEFI VANSTEKELENBURG	Board Member	1.000	Director	$0	$0	$0
TOMMY JEFFORDS	Board Member	1.000	Director	$0	$0	$0
JACK LABELLE	Board Member	1.000	Director	$0	$0	$0
BEVERLY BERARDO	Board Member	1.000	Director	$0	$0	$0
BRIAN QUINN	Board Member	1.000	Officer Director	$0	$0	$0
KEN WELCH	Board Member	1.000	Director	$0	$0	$0
ELLEN D LEMMING	Secretary	1.000	Officer Director	$0	$0	$0
ANSLEY VINSON	Chairman	1.000	Officer Director	$0	$0	$0
GINGER DIMASCIO	Secretary	1.000	Officer Director	$0	$0	$0
ALLISON HEINEN	Board Member	1.000	Director	$0	$0	$0
BRIAN STEWART	Board Member	1.000	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	$1,700,321	$1,816,098	$22,854,089	$-115,777
2023	$1,495,173	$1,742,413	$23,308,580	$-247,240
2022	$1,483,193	$1,529,119	$20,937,683	$-45,926
2021	$963,837	$1,278,746	$20,544,289	$-314,909

Lake Oconee Academy Foundation Inc