LAKEHILL PREPARATORY SCHOOL

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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

1971

Legal Domicile

Principal Officer

ROGER L PERRY

Phone

2148262931

Tax Period

2024-08-01 to 2025-07-31

LAKEHILL PREPARATORY SCHOOL, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $11.1M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $10.1M left a modest 9% surplus.

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.

Program Service Accomplishments

Program 1

Expenses: $7,104,355 Revenue: $9,401,291

PRIVATE COLLEGE PREPARATORY SCHOOL TEACHING GRADES K-12.

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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 $1,276,322

Program Service Revenue $9,359,901

Investment Income $285,545

Other Revenue $180,716

TOTAL REVENUE $11,102,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,505,183

Fundraising Expenses $339,592

Program Expenses $7,104,355

Other Expenses $2,592,012

TOTAL EXPENSES $10,097,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,102,484	$12,276,025	-0.1%
Expenses	$10,097,195	$10,901,817	-0.1%
Net Income	$1,005,289	$1,374,208	-0.3%

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

138

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

$823,703

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR N HALL-thru 624	HEAD OF SCHOOL	40.00	Officer	$289,685	$40,968	$330,653
ROGER L PERRY-THRU 725	FOR HEAD OF SCH	40.00	Officer	$279,600	$0	$279,600
BRUCE MCCOSKEY	CFO	50.00	Officer	$193,565	$19,885	$213,450
KIMBERLY KAYE HAUSCHILD	TEACHER	40.00		$120,704	$14,429	$135,133
EVELYN TAN	HEAD OF MIDDLE SCH	40.00		$117,228	$16,987	$134,215
MATTHEW TRENT	Chairman	5.00	Officer Director	$0	$0	$0
MICHAEL KARNO	Director	1.00	Director	$0	$0	$0
MARC ARMENTROUT	Director	1.00	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
TRAVIS BOOTH	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
TOBY SHOOK	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
ANDREA JOHNSTON	Director	1.00	Director	$0	$0	$0
RODNEY GADSDEN	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
JESSICA WILLIAMS	Director	1.00	Director	$0	$0	$0
GRANGER SCRUGGS	Director	1.00	Director	$0	$0	$0
CAROLYN HOWARD	ADVISORY BOARD	0.50	Director	$0	$0	$0
BEVERLY GODBEY	ADVISORY BOARD	0.50	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
MICHAEL MARVIN	Director	1.00	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
JAMES PERRY	Director	1.00	Director	$0	$0	$0
GREG CHALFIN-from 725	HEAD OF SCHOOL	40.00	Officer	$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	$11,102,484	$10,097,195	$24,446,108	$1,005,289
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