CLEAR LAKE CLASSICAL INCORPORATED (EIN 472105861) - 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

CORY J GERDTS

Phone

5154226717

Tax Period

2024-07-01 to 2025-06-30

CLEAR LAKE CLASSICAL INCORPORATED, founded in 2014, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.6M left a modest 5% surplus.

Mission

CLEAR LAKE CLASSICAL IS A PRIVATE SCHOOL COMMITTED TO PROVIDING A CLASSICAL AND BIBLICALLY-BASED EDUCATION TO YOUNG PEOPLE IN PRIMARY AND SECONDARY GRADE LEVELS.

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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 $273,981

Program Service Revenue $1,221,826

Investment Income $168,481

Other Revenue $32,758

TOTAL REVENUE $1,697,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,027,997

Fundraising Expenses $0

Program Expenses $1,280,844

Other Expenses $579,254

TOTAL EXPENSES $1,607,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,697,046	$2,195,041	-0.2%
Expenses	$1,607,251	$1,294,742	+0.2%
Net Income	$89,795	$900,299	-0.9%

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

Total Directors

$15,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN LUND	BOARD MEMBER	3.00	Director	$15,250	$0	$15,250
DR RENEE DIAMOND	BOARD MEMBER	3.00	Director	$0	$0	$0
CORY J GERDTS	ADMIN DIRECT	3.00	Director	$0	$0	$0
ANDREA JOHNSON	SECRETARY	2.00	Officer Director	$0	$0	$0
GREG NICHOLAS	TREASURER	5.00	Officer Director	$0	$0	$0
ALEX OLSON	CHAIRMAN	5.00	Officer Director	$0	$0	$0
ANDREW STUPKA	BOARD MEMBER	3.00	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	$1,697,046	$1,607,251	$2,576,735	$89,795
2024	$2,195,041	$1,294,742	$2,703,746	$900,299
2023	$754,712	$717,245	$600,994	$37,467
2022	$964,646	$631,501	$563,527	$333,145
2021	$533,630	$395,012	$230,069	$138,618
2020	$324,068	$296,678	$127,651	$27,390
2019	$225,906	$233,913	$64,061	$-8,007

CLEAR LAKE CLASSICAL INCORPORATED