TWIN LAKES STEM ACADEMY

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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

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. OUR SCHOLARS WILL ENGAGE IN A TRANSDISCIPLINARY CURRICULUM SUPPORTED BY CONCEPTUAL AND INQUIRY BASED LEARNING. SIDE-BY-SIDE WITH DEDICATED EDUCATORS, SCHOLARS WILL DEVELOP THE KNOWLEDGE, SKILLS, AND CHARACTERISTICS NECESSARY FOR ACTIVE CITIZENSHIP THROUGHOUT THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $4,027,386 Revenue: $0

TWIN LAKES STEM ACADEMY IS A FREE PUBLIC K-6 CHARTER SCHOOL THAT IS COMMITTED TO PROVIDING AN EQUITABLE AND EMPOWERING EDUCATION FOR ALL. OUR STUDENTS WILL BE PREPARED FOR A SUCCESSFUL TRANSITION TO THE MOST RIGOROUS AND CHALLENGING MIDDLE SCHOOL PROGRAMS. THROUGH THEIR EXPERIENCE AT TLSA, STUDENTS WILL BE HELD TO THE HIGHEST OF STANDARDS BOTH ACADEMICALLY AND SOCIALLY, TO PREPARE THEM FOR COLLEGE AND CAREERS, AS WELL AS WITH LEADERSHIP SKILLS REQUIRED OF ACTIVE AND PRODUCTIVE CITIZENS IN THE 21ST CENTURY. THROUGH ACCESS AND EQUITY, STUDENTS WILL FOLLOW A PATHWAY TO SUCCESS FOR THEM AND THEIR COMMUNITIES. TLSA IS AUTHORIZED BY THE VOLUNTEERS OF AMERICA-MINNESOTA AND COMMENCED ITS FIRST SCHOOL YEAR ON AUGUST 24TH, 2015.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$111,449

Total Directors

$136,949

Key Employees

Highest Compensated

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