LG Academy a NJ Nonprofit Corporation

EIN: 844750322 501(c)(3) Education

Boonton, NJ

Total Revenue
$550,031
Total Expenses
$544,416
Total Assets
$88,565
Net Assets
$20,555
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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
2020
Legal Domicile
NJ
Tax Period
2022-07-01 to 2023-06-30

LG Academy a NJ Nonprofit Corporation, founded in 2020, is a small nonprofit in the Education sector that reported $550K in total revenue in fiscal year 2022.

Mission

THE ORGANIZATION OPERATES A HIGH SCHOOL, LUMEN GENTIUM ACADEMY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $229,334
Program Service Revenue $313,413
Investment Income $1
Other Revenue $7,283
TOTAL REVENUE $550,031

Expense Breakdown

Grants Paid $0
Salaries & Benefits $442,170
Fundraising Expenses $603
Program Expenses $426,219
Other Expenses $102,246
TOTAL EXPENSES $544,416

Year-over-Year Comparison

2022 2021 Change
Revenue $550,031 $516,740 +0.1%
Expenses $544,416 $555,284 0.0%
Net Income $5,615 $-38,544 -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

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Governance

Voting Members
6
Independent Members
2
Employees
18
Volunteers
N/A

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher Tyrrell Trustee 5.00
Director
$0 $0 $0
Johanna Webber Trustee 5.00
Director
$0 $0 $0
Daniel OMullane Chaplain 5.00
Director
$0 $0 $0
Lloyd Martinson Treasurer 10.00
Officer Director
$0 $0 $0
Lillian K Martinson President and Chair 10.00
Officer Director
$0 $0 $0
Susanne Tyrrell Secretary 5.00
Officer 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 No data No data No data No data
2024 No data No data No data No data
2023 $550,031 $544,416 $88,565 $5,615
2022 $516,740 $555,284 $78,820 $-38,544
2021 $379,050 $350,823 $71,189 $28,227
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