THE LINCOLN ACADEMY INC

EIN: 843568463 501(c)(3) Education

BELOIT, WI

Total Revenue
$12,162,992
Total Expenses
$13,491,709
Total Assets
$47,839,336
Net Assets
$47,047,384
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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
2019
Legal Domicile
WI
Principal Officer
ELIZABETH MUNNELLY
Phone
6086905100
Tax Period
2024-07-01 to 2025-06-30

THE LINCOLN ACADEMY INC, founded in 2019, is a mid-sized nonprofit in the Education sector that reported $12.2M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $13.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

OPERATION OF THE LINCOLN ACADEMY, A PUBLIC (4K-12) CHARTER 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,045,996
Program Service Revenue $64,154
Investment Income $32,857
Other Revenue $19,985
TOTAL REVENUE $12,162,992

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,842,745
Fundraising Expenses $0
Program Expenses $11,016,609
Other Expenses $4,648,964
TOTAL EXPENSES $13,491,709

Year-over-Year Comparison

2024 2023 Change
Revenue $12,162,992 $16,660,989 -0.3%
Expenses $13,491,709 $12,276,148 +0.1%
Net Income $-1,328,717 $4,384,841 -1.3%
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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Governance

Voting Members
9
Independent Members
9
Employees
133
Volunteers
9

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
$400,257
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA FURSETH CHAIRPERSON 3.00
Officer Director
$0 $0 $0
DR ERIC XANTHOPOULOS VICE CHAIR 1.00
Officer Director
$0 $0 $0
ELIZABETH MUNNELLY TREASURER 1.00
Officer Director
$0 $0 $0
DIANE HENDRICKS SECRETARY 1.00
Officer Director
$0 $0 $0
BARBARA HICKMAN DIRECTOR 1.00
Director
$0 $0 $0
DR ROGER KAPOOR DIRECTOR 1.00
Director
$0 $0 $0
DARIAN SNOW DIRECTOR 1.00
Director
$0 $0 $0
JOE STADELMAN DIRECTOR 1.00
Director
$0 $0 $0
MARIA ELENA WHITE DIRECTOR 1.00
Director
$0 $0 $0
KRISTI COLE CHIEF EXECUTIVE OFFICER 40.00
Officer
$337,282 $62,975 $400,257
KARI FLITZ CHIEF INSTRUCTION OFFICER 40.00
Highest
$163,700 $42,790 $206,490
MARC ANDERSON DIR. TECHNOLOGY 40.00
Highest
$124,450 $34,621 $159,071
YOLANDA RIVERA DIRECTOR OF SCHOLAR SERVICE 40.00
Highest
$123,933 $33,102 $157,035
MATTHEW SCHULTZ TEACHER 33.00
Highest
$123,486 $16,481 $139,967
JANAE GILE PRINCIPAL 40.00
Highest
$112,216 $41,318 $153,534
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 $12,162,992 $13,491,709 $47,839,336 $-1,328,717
2024 $16,660,989 $12,276,148 $48,780,980 $4,384,841
2023 $14,742,961 $9,428,502 $45,488,749 $5,314,459
2022 $13,095,547 $8,326,411 $39,721,302 $4,769,136
2021 $34,731,650 $1,547,888 $37,712,409 $33,183,762
2020 $820,000 $96,098 $723,902 $723,902
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