LAKE COUNTRY CLASSICAL ACADEMY INC

EIN: 833637703 501(c)(3) Education

OCONOMOWOC, WI

Total Revenue
$8,173,489
Total Expenses
$7,435,823
Total Assets
$5,300,252
Net Assets
$3,777,118
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
WI
Principal Officer
JOHN WU
Phone
2622549049
Tax Period
2024-07-01 to 2025-06-30

LAKE COUNTRY CLASSICAL ACADEMY INC, founded in 2020, is a community nonprofit in the Education sector that reported $8.2M in total revenue in fiscal year 2024. Expenses of $7.4M left a modest 9% surplus.

Mission

TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A CONTENT-RICH, CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE. LAKE COUNTRY CLASSICAL ACADEMY (LCCA) ADDRESSES THE REAL NEED FOR TUITION-FREE, HIGH-QUALITY, TEACHER-LED EDUCATION, 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,988,075
Program Service Revenue $102,301
Investment Income $102,277
Other Revenue $-19,164
TOTAL REVENUE $8,173,489

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,652,030
Fundraising Expenses $0
Program Expenses $6,378,613
Other Expenses $2,783,793
TOTAL EXPENSES $7,435,823

Year-over-Year Comparison

2024 2023 Change
Revenue $8,173,489 $7,689,110 +0.1%
Expenses $7,435,823 $6,374,036 +0.2%
Net Income $737,666 $1,315,074 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
97
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
5
$164,363
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM BRANIGAN PRESIDENT 25.00
Officer Director
$0 $0 $0
BRIAN HASTINGS TREASURER 1.00
Officer Director
$0 $0 $0
STACEY WRENN SECRETARY 1.00
Officer Director
$0 $0 $0
TARYN WHIPPLE BOARD MEMBER AND FOUNDER 0.50
Director
$0 $0 $0
KRISTINA VOURAX BOARD MEMBER 1.00
Director
$0 $0 $0
SCHUYLER FILE BOARD MEMBER - PART YEAR 1.00
Director
$0 $0 $0
RANDY GODSELL BOARD MEMBER - PART YEAR 1.00
Director
$0 $0 $0
ELLEN NOWAK SECRETARY 1.00
Director
$0 $0 $0
GEORGIA MAXWELL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN WU BOARD MEMBER 1.00
Director
$0 $0 $0
MARGARET HAGEDORN CHIEF SCHOOL ADMINISTRATOR 40.00
Officer
$153,110 $11,253 $164,363
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 $8,173,489 $7,435,823 $5,300,252 $737,666
2024 No data No data No data No data
2023 $6,112,025 $5,428,472 $3,589,427 $683,553
2022 $5,594,436 $4,688,677 $1,636,345 $905,759
2021 $270,177 $136,374 $941,147 $133,803
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