LANGUAGE LAB ACADEMY

EIN: 881683069 501(c)(3) Education

FRISCO, TX

Total Revenue
$326,697
Total Expenses
$242,630
Total Assets
$339,164
Net Assets
$260,385
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
TX
Principal Officer
SHYLANDA T TOTTRESS
Phone
8179389975
Tax Period
2023-01-01 to 2023-12-31

LANGUAGE LAB ACADEMY, founded in 2022, is a small nonprofit in the Education sector that reported $327K in total revenue in fiscal year 2023. The organization ran a surplus of $84K, a strong 26% operating margin.

Mission

PRIVATE SCHOOL WHOSE PURPOSE IS TO PROVIDE EDUCATIONAL SERVICES SPECIALIZING IN FOREIGN LANGUAGES AND PERFORMING ARTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $77,843
Program Service Revenue $248,854
Investment Income $0
Other Revenue $0
TOTAL REVENUE $326,697

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,780
Fundraising Expenses $0
Program Expenses $116,899
Other Expenses $127,850
TOTAL EXPENSES $242,630

Year-over-Year Comparison

2023 2022 Change
Revenue $326,697 N/A N/A
Expenses $242,630 N/A N/A
Net Income $84,067 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
7
Volunteers
5

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHYLANDA T TOTTRESS DIRECTOR 20.00
Director
$0 $0 $0
WESLEY DEVINE DIRECTOR 10.00
Director
$0 $0 $0
EVA WILLIAMS DIRECTOR 5.00
Director
$0 $0 $0
SHONDRA DEVINE DIRECTOR 5.00
Director
$0 $0 $0
TARHISHA WATSON DIRECTOR 5.00
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
2023 $326,697 $242,630 $339,164 $84,067
Explore More Nonprofits
→Top 100 Nonprofits in Texas →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LANGUAGE LAB ACADEMY with other nonprofits in Texas and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.