LAKESIDE SCHOOL (EIN 910564971) - 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

1923

Legal Domicile

Principal Officer

KAI BYNUM

Phone

2063683610

Tax Period

2023-07-01 to 2024-06-30

LAKESIDE SCHOOL, founded in 1923, is a mid-sized nonprofit in the Education sector that reported $77.0M in total revenue in fiscal year 2023. The organization ran a surplus of $18.3M, a strong 24% operating margin.

Mission

TO EDUCATE STUDENTS IN GRADES 5-12.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,587,206

Program Service Revenue $42,670,628

Investment Income $14,310,511

Other Revenue $475,128

TOTAL REVENUE $77,043,473

Expense Breakdown

Grants Paid $10,204,204

Salaries & Benefits $34,287,152

Fundraising Expenses $1,418,634

Program Expenses $48,405,843

Other Expenses $14,218,538

TOTAL EXPENSES $58,709,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,043,473	$78,894,742	0.0%
Expenses	$58,709,894	$54,924,516	+0.1%
Net Income	$18,333,579	$23,970,226	-0.2%

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

545

Volunteers

220

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

$1,624,226

Total Directors

$859,417

Key Employees

$830,399

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAI BYNUM	HEAD OF SCHOOL	40.00	Officer Director	$826,032	$33,385	$859,417
ARTEMIOS PANOS	CHAIR	5.00	Officer Director	$0	$0	$0
SEAN O'DONNELL	VICE CHAIR	5.00	Officer Director	$0	$0	$0
BRIDGETTE TAYLOR	SECRETARY	5.00	Officer Director	$0	$0	$0
MARK KLEBANOFF	TREASURER	5.00	Officer Director	$0	$0	$0
CAREY CRUTCHER SMITH	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
DR SARAH BARTON	TRUSTEE	2.00	Director	$0	$0	$0
NATE BENJAMIN	TRUSTEE	2.00	Director	$0	$0	$0
JOANNA BLACK	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE CHANG CHEN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID DE LA FUENTE	TRUSTEE	2.00	Director	$0	$0	$0
LLOYD D FRINK	TRUSTEE	2.00	Director	$0	$0	$0
CHARLOTTE GUYMAN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL NACHBAR	TRUSTEE	2.00	Director	$0	$0	$0
GURDEEP PALL	TRUSTEE	2.00	Director	$0	$0	$0
EDUARDO PENALVER	TRUSTEE	2.00	Director	$0	$0	$0
KEITH TRAVERSE	TRUSTEE	2.00	Director	$0	$0	$0
BRANDON VAUGHAN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID VICTOR	TRUSTEE	2.00	Director	$0	$0	$0
ANNA WHITE	TRUSTEE	2.00	Director	$0	$0	$0
BIRAGE TANDON	ASST. HEAD OF SCHOOL/CFO	40.00	Officer	$419,091	$36,085	$455,176
SUE BELCHER	HEAD OF DOWNTOWN SCHOOL	40.00	Officer	$264,835	$44,798	$309,633
RYAN BOCCUZZI	UPPER SCHOOL DIRECTOR	40.00	Key Emp	$266,508	$42,889	$309,397
DAIGA GALINS	DIRECTOR OF DEVELOPMENT	40.00	Key Emp	$241,541	$55,288	$296,829
REEM ABU RAHMEH	MIDDLE SCHOOL DIRECTOR	40.00	Key Emp	$201,570	$22,603	$224,173
JAMIE ASAKA	DIRECTOR OF STUDENT SUPPORT	40.00	Highest	$177,559	$55,065	$232,624
WELLESLEY WILSON	DIRECTOR OF ADMISSIONS	40.00	Highest	$202,847	$24,482	$227,329
JAMIE BRITTO	DIRECTOR OF TECHNOLOGY	40.00	Highest	$193,805	$26,358	$220,163
CHRISTOPHER HARTLEY	DIRECTOR OF ATHLETICS	40.00	Highest	$185,536	$23,129	$208,665
ARI WORTHMAN	DIRECTOR OF COLLEGE COUNSELING	40.00	Highest	$182,426	$25,495	$207,921

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	$77,043,473	$58,709,894	$496,836,195	$18,333,579
2023	$78,894,742	$54,924,516	$445,547,196	$23,970,226
2022	$65,054,128	$52,217,970	$394,164,521	$12,836,158
2021	$55,739,087	$48,809,319	$426,505,041	$6,929,768
2020	$55,354,841	$46,043,586	$324,867,505	$9,311,255
2019	$65,453,071	$45,293,186	$330,077,263	$20,159,885

LAKESIDE SCHOOL