LAKES AREA KIDS ENRICHMENT FOUNDATION (EIN 812149088) - 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

2016

Legal Domicile

Principal Officer

RICHARD EIDE

Phone

6128408983

Tax Period

2024-07-01 to 2025-06-30

LAKES AREA KIDS ENRICHMENT FOUNDATION, founded in 2016, is a small nonprofit in the Education sector that reported $931K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $460K, a strong 49% operating margin.

Mission

CONSTRUCT AND MAINTAIN A BUILDING FOR THE USE OF CROSSLAKE COMMUNITY SCHOOL.

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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 $140,000

Program Service Revenue $768,496

Investment Income $22,460

Other Revenue $300

TOTAL REVENUE $931,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,165

Program Expenses $449,312

Other Expenses $471,596

TOTAL EXPENSES $471,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$931,256	$731,454	+0.3%
Expenses	$471,596	$515,932	-0.1%
Net Income	$459,660	$215,522	+1.1%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD EIDE	PRESIDENT	15.00	Officer Director	$0	$0	$0
MICHAEL STONE	VICE-PRESIDENT	12.00	Officer Director	$0	$0	$0
J MICHAEL O'CONNELL	SECRETARY	12.00	Officer Director	$0	$0	$0
JENNIFER MAX	TREASURER	12.00	Officer Director	$0	$0	$0
LEAH HEGGERSTON	DIRECTOR	8.00	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	$931,256	$471,596	$7,983,303	$459,660
2024	$731,454	$515,932	$7,669,964	$215,522
2023	$718,100	$481,434	$7,604,469	$236,666
2021	$503,216	$452,524	$7,576,081	$50,692
2020	$469,812	$523,758	$7,865,785	$-53,946
2018	$289,636	$289,937	$8,209,101	$-301

LAKES AREA KIDS ENRICHMENT FOUNDATION