LAKEHILL PREPARATORY SCHOOL (EIN 751366180) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

ARTHUR N HALL

Phone

2148262931

Tax Period

2022-08-01 to 2023-07-31

LAKEHILL PREPARATORY SCHOOL, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $10.5M in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

Lakehill Preparatory School guides motivated students to learn with curiosity, lead with confidence, and serve with compassion. Our challenging and nurturing educational community inspires students to become collaborative problem-solvers who live with integrity.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,750,789

Program Service Revenue $8,261,486

Investment Income $230,165

Other Revenue $214,960

TOTAL REVENUE $10,457,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,057,833

Fundraising Expenses $496,150

Program Expenses $7,235,933

Other Expenses $3,335,587

TOTAL EXPENSES $10,393,420

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,457,400	$9,064,593	+0.2%
Expenses	$10,393,420	$7,776,053	+0.3%
Net Income	$63,980	$1,288,540	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

121

Volunteers

100

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

$910,536

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR N HALL	HEAD OF SCHOOL	40.00	Officer	$315,766	$41,481	$357,247
BRUCE MCCOSKEY	CFO	50.00	Officer	$180,835	$18,034	$198,869
PATTI FRULLO-THRU 72023	ASST HEAD OF SC	40.00	Officer	$171,921	$17,899	$189,820
ROGER L PERRY	FOR HEAD OF SCH	40.00	Officer	$164,600	$0	$164,600
DAVID YANES	E.D. OF SCHOOL OPS	40.00		$127,475	$16,793	$144,268
BOB YTTREDAHL-thru 52023	HEAD OF UP SCHOOL	40.00		$116,520	$14,149	$130,669
KIMBERLY KAYE HAUSCHILD	HEAD OF MID SCHOOL	40.00		$115,370	$12,949	$128,319
KATHERINE L NICKELL	DIRECTOR OF WELLNE	40.00		$102,789	$15,949	$118,738
HEATHER CLIFT	COLLEGE ADMISSIONS	40.00		$104,528	$2,805	$107,333
MICHAEL KARNO	Director	1.00	Director	$0	$0	$0
JAMES PERRY	Chairman	5.00	Officer Director	$0	$0	$0
HARDMON WILLIAMS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAREN OWEN	Treasurer	5.00	Officer Director	$0	$0	$0
KATIE LAVIE	Secretary	2.00	Officer Director	$0	$0	$0
MARC ARMENTROUT	Director	1.00	Director	$0	$0	$0
BRADLEY BARTHOLOW	Director	1.00	Director	$0	$0	$0
JARROD BASSMAN	Director	1.00	Director	$0	$0	$0
TRAVIS BOOTH	Director	1.00	Director	$0	$0	$0
ROSS CRUM	Director	1.00	Director	$0	$0	$0
ANGELA DEGEYTER	Director	1.00	Director	$0	$0	$0
RODNEY GADSDEN	Director	1.00	Director	$0	$0	$0
ANDREA JOHNSTON	Director	1.00	Director	$0	$0	$0
MICHAEL MARVIN	Director	1.00	Director	$0	$0	$0
COLLEEN MCCALL	Director	1.00	Director	$0	$0	$0
BILL REISTER	Director	1.00	Director	$0	$0	$0
BRAD ROBINSON	Director	1.00	Director	$0	$0	$0
GRANGER SCRUGGS	Director	1.00	Director	$0	$0	$0
TOBY SHOOK	Director	1.00	Director	$0	$0	$0
MATTHEW TRENT	Director	10.00	Director	$0	$0	$0
JEFF WEISER	Director	1.00	Director	$0	$0	$0
SHERRY BARTHOLOW	ADVISORY BOARD	0.50	Director	$0	$0	$0
MICHAEL DULAN	ADVISORY BOARD	0.50	Director	$0	$0	$0
RONALD GAFFORD	ADVISORY BOARD	0.50	Director	$0	$0	$0
BEVERLY GODBEY	ADVISORY BOARD	0.50	Director	$0	$0	$0
MARTHA HULSE	ADVISORY BOARD	0.50	Director	$0	$0	$0
TIM MACK	ADVISORY BOARD	0.50	Director	$0	$0	$0
ERLE NYE	ADVISORY BOARD	0.50	Director	$0	$0	$0
BRENT ROSENTHAL	ADVISORY BOARD	0.50	Director	$0	$0	$0
ROBERT WOLF	ADVISORY BOARD	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
2024	No data	No data	No data	No data
2023	$10,457,400	$10,393,420	$22,518,622	$63,980
2022	$9,064,593	$7,776,053	$20,430,592	$1,288,540
2021	$8,223,406	$8,187,316	$17,353,907	$36,090
2020	$7,094,198	$6,862,249	$16,715,042	$231,949
2019	$7,719,491	$7,447,279	$16,062,606	$272,212
2018	$7,642,068	$6,930,952	$15,888,580	$711,116

LAKEHILL PREPARATORY SCHOOL