LEMAN ACADEMY OF EXCELLENCE INC (EIN 471237723) - 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

2014

Legal Domicile

Principal Officer

KATHERINE DETERMAN

Phone

5206398080

Tax Period

2022-07-01 to 2023-06-30

LEMAN ACADEMY OF EXCELLENCE INC, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $52.3M in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $47.5M left a modest 9% surplus.

Mission

LEMAN ACADEMY OF EXCELLENCE OFFERS A RIGOROUS, CLASSICAL EDUCATION BASED ON THE TRADITIONS OF WESTERN CULTURE WHERE ALL DISCIPLINES ARE INTERRLATED ALLOWING SCHOLARS THE ABILITY TO THINK INDEPENDENTLY AND CRITICALLY. WE PURPOSE TO PARTNER WITH SUPPORTIVE PARENTS, PURSUE EXCELLENCE, PROVIDE A SAFE AND CHALLENGING ENVIRONMENT AND INSTILL MORALS AND VALUES IN ORDER TO PRODUCE TOMORROW'S LEADERS TODAY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,744,252

Program Service Revenue $47,893,183

Investment Income $421,737

Other Revenue $215,529

TOTAL REVENUE $52,274,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,453,372

Fundraising Expenses $0

Program Expenses $39,123,481

Other Expenses $21,065,223

TOTAL EXPENSES $47,518,595

Year-over-Year Comparison

	2022	2021	Change
Revenue	$52,274,701	$46,861,634	+0.1%
Expenses	$47,518,595	$42,954,989	+0.1%
Net Income	$4,756,106	$3,906,645	+0.2%

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

743

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

$662,644

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MARTELL	DIRECTOR	0.25	Director	$0	$0	$0
NICHOLAS LAWSON	DIRECTOR	0.25	Director	$0	$0	$0
TRAVIS BREINHOLT	DIRECTOR	0.25	Director	$0	$0	$0
RON HATCHER	PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHERINE DETERMAN	CEO	40.00	Officer	$0	$0	$0
CHAD ULLMAN	DIRECTOR	0.25	Director	$0	$0	$0
JAYNIE BOSTOW	PRINCIPAL	40.00	Officer	$81,112	$3,529	$84,641
BETH WILLIAMS	PRINCIPAL	40.00	Officer	$71,834	$6,862	$78,696
MARSHA JONES	PRINCIPAL	40.00	Officer	$78,062	$6,952	$85,014
ERIC CAREY	PRINCIPAL	40.00	Officer	$84,034	$7,197	$91,231
LUKE KOLLASCH	PRINCIPAL	40.00	Officer	$82,286	$10,604	$92,890
DAVE LEPEAU	PRINCIPAL	40.00	Officer	$47,436	$1,898	$49,334
NATHAN EDWARDS	PRINCIPAL	40.00	Officer	$86,105	$10,936	$97,041
ASHLEY NICOLARSEN	PRINCIPAL	40.00	Officer	$80,565	$3,232	$83,797

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	No data	No data	No data	No data
2023	$52,274,701	$47,518,595	$138,186,818	$4,756,106
2022	$46,861,634	$42,954,989	$133,086,537	$3,906,645
2021	$38,356,100	$37,811,278	$127,912,652	$544,822
2020	$29,475,216	$28,351,752	$132,202,635	$1,123,464
2019	$24,688,843	$24,128,204	$91,391,024	$560,639
2018	$16,048,242	$15,163,897	$49,363,960	$884,345

LEMAN ACADEMY OF EXCELLENCE INC