TWIN LAKES STEM ACADEMY

EIN: 471553568 501(c)(3) Education

Brooklyn Center, MN

Total Revenue
$4,179,250
Total Expenses
$4,509,351
Total Assets
$12,158,976
Net Assets
$-2,521,186
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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
MN
Principal Officer
Jason Stockwell
Phone
7633389373
Tax Period
2024-07-01 to 2025-06-30

TWIN LAKES STEM ACADEMY, founded in 2014, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2024.

Mission

Tesfa International School is committed to providing an equitable and empowering education for all.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,178,801
Program Service Revenue $0
Investment Income $449
Other Revenue $0
TOTAL REVENUE $4,179,250

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,217,831
Fundraising Expenses $0
Program Expenses $4,027,386
Other Expenses $2,291,520
TOTAL EXPENSES $4,509,351

Year-over-Year Comparison

2024 2023 Change
Revenue $4,179,250 $4,082,738 +0.0%
Expenses $4,509,351 $4,442,946 +0.0%
Net Income $-330,101 $-360,208 -0.1%
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
5
Independent Members
3
Employees
38
Volunteers
10

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
2
$111,449
Total Directors
5
$136,949
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jason Stockwell Principal/Executive Director 40
Officer
$95,275 $16,174 $111,449
Malaney Peterson Member 40
Director
$58,770 $10,379 $69,149
Paige Lund Member 40
Director
$57,514 $10,286 $67,800
Jeremy Gharinch Chair 2
Officer Director
$0 $0 $0
Badrudin Aden Member 2
Director
$0 $0 $0
James Cosgrove Member 2
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 $4,179,250 $4,509,351 $12,158,976 $-330,101
2024 $4,082,738 $4,442,946 $12,752,996 $-360,208
2023 $3,563,185 $4,045,445 $13,660,081 $-482,260
2022 $4,398,825 $4,847,071 $13,917,040 $-448,246
2021 $3,290,842 $3,178,046 $1,926,992 $112,796
2020 $2,990,554 $3,362,022 $2,260,104 $-371,468
2019 $2,624,624 $2,470,118 $2,543,521 $154,506
2018 $2,506,114 $3,262,044 $2,428,529 $-755,930
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