DISCOVERY ACADEMY OF LAKE ALFRED

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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

Principal Officer

KEVIN WARREN

Phone

8632955955

Tax Period

2024-07-01 to 2025-06-30

DISCOVERY ACADEMY OF LAKE ALFRED is a mid-sized nonprofit in the Education sector that reported $12.3M in total revenue in fiscal year 2024.

Mission

WE ARE DEDICATED TO ACTIVELY ENGAGING ALL INDVIDUALS IN A QUALITY LEARNING EXPERIENCE THAT WILLENABLE THEM TO VALUE THEMSELVES AND BECOME RESPONSIBLE, PRODUCTIVE CITIZENS IN A CHANGING WORLD.

Program Service Accomplishments

Program 1

Expenses: $11,452,325 Revenue: $8,798,617

THE SCHOOL PROVIDES AN INNOVATIVE BASED LEARNING FOR STUDENTS IN GRADES SIXTH THROUGH EIGHTH. THE MISSION OF THE SCHOOL INCLUDES PREPARING STUDENTS TO BE LIFETIME LEARNERS WHOSE ACADEMIC ACHIEVEMENT IS ENHANCED BY SUPERIOR COMMUNICATION SKILLS, CHARACTER TRAINING, AND APPRECIATION FOR DIVERSITY.

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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 $1,593,124

Program Service Revenue $8,798,617

Investment Income $90,105

Other Revenue $1,867,525

TOTAL REVENUE $12,349,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,575,785

Fundraising Expenses $0

Program Expenses $11,452,325

Other Expenses $4,776,326

TOTAL EXPENSES $12,352,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,349,371	$11,438,410	+0.1%
Expenses	$12,352,111	$13,977,413	-0.1%
Net Income	$-2,740	$-2,539,003	-1.0%

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

102

Volunteers

200

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
CHARLOTTE BUTLER	BOARD MEMBER	0.50	Director	$0	$0	$0
NANCY DALEY	CHAIRPERSON	0.50	Director	$0	$0	$0
JOHN TAYLOR	BOARD MEMBER	0.50	Director	$0	$0	$0
DORETHA TILLMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
MARY PULSE	SECRETARY	0.50	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	$12,349,371	$12,352,111	$30,694,911	$-2,740
2024	No data	No data	No data	No data
2023	$11,403,069	$12,575,144	$33,127,750	$-1,172,075
2022	$12,163,581	$11,320,796	$33,228,157	$842,785
2021	$10,939,110	$12,056,282	$35,304,314	$-1,117,172
2020	$8,784,457	$10,189,855	$24,409,765	$-1,405,398
2019	$9,796,418	$9,709,558	$23,140,558	$86,860
2018	$7,902,394	$9,190,592	$18,426,012	$-1,288,198