Lake Town Academy

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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

2023

Legal Domicile

Principal Officer

Ashley Knight

Phone

5414097317

Tax Period

2024-07-01 to 2025-06-30

Lake Town Academy, founded in 2023, is a small nonprofit in the Education sector that reported $309K in total revenue in fiscal year 2024.

Mission

The mission of Lake Town Academy is to encourage the whole child to develop a love of learning rooted in the truth of Gods word and empowering students in their God given gifts through providing a K-8 alternative learning environment.

Program Service Accomplishments

Program 1

Expenses: $283,048 Revenue: $297,693

K-8 Education-At Lake Town Academy we were committed to fostering a learning environment where each child is valued as an individual and encouraged to grow at their own pace. As a PreK-8th grade...

K-8 Education-At Lake Town Academy we were committed to fostering a learning environment where each child is valued as an individual and encouraged to grow at their own pace. As a PreK-8th grade alternative school we focus on hands-on experience-driven learning that encourages curiosity creativity and critical thinking. Rooted in faith-based beliefs we seek to nurture not only the academic but also the spiritual emotional and social growth of every student. This was our first year so only have had September -December to teach. We offered extra help to the students after school on an as needed basis. Offered a Back to School BBQ for family and students.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,500

Program Service Revenue $287,040

Investment Income $31

Other Revenue $10,622

TOTAL REVENUE $309,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,361

Fundraising Expenses $2,000

Program Expenses $283,048

Other Expenses $89,441

TOTAL EXPENSES $319,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$309,193	N/A	N/A
Expenses	$319,802	N/A	N/A
Net Income	$-10,609	N/A	N/A

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karla Burcham	Board Chairman	4.00	Director	$0	$0	$0
Chantel Pruett	Director - Secretary	4.00	Director	$0	$0	$0
Jeremy WIlson	Director-Treasurer	4.00	Director	$0	$0	$0
Kaylene Sis	Director	4.00	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
2025	$309,193	$319,802	$30,780	$-10,609