LAKE SCHOOL CORPORATION (EIN 942708253) - 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

1981

Legal Domicile

Principal Officer

MARIA GALLO

Phone

5108394227

Tax Period

2023-07-01 to 2024-06-30

LAKE SCHOOL CORPORATION, founded in 1981, is a small nonprofit in the Education sector that reported $596K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

PRIVATE PRESCHOOL FOR APPROXIMATELY 59 STUDENTS AGES 2-1/2 TO 5 YEARS OLD.

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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 $32,326

Program Service Revenue $552,809

Investment Income $9,954

Other Revenue $509

TOTAL REVENUE $595,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $475,783

Fundraising Expenses $0

Program Expenses $530,462

Other Expenses $116,875

TOTAL EXPENSES $592,658

Year-over-Year Comparison

	2023	2022	Change
Revenue	$595,598	$645,797	-0.1%
Expenses	$592,658	$572,216	+0.0%
Net Income	$2,940	$73,581	-1.0%

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

Volunteers

112

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

$94,883

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA GALLO	Executive Dir.	60.00	Director	$94,883	$0	$94,883
COURTNEY COUVREUR	BOARD PRESIDENT	3.00	Officer Director	$0	$0	$0
KIRAN MERCHANT	Treasurer	1.00	Officer Director	$0	$0	$0
ANNA KWONG	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN PANGILINAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX AYOUB	BOARD MEMBER	1.00	Director	$0	$0	$0
KAY WEINSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE GRACEFFA	PA PRESIDENT	1.00	Director	$0	$0	$0
JACOB KISLEVITZ	BOARD SECRETARY	1.00	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	$595,598	$592,658	$928,784	$2,940
2023	$645,797	$572,216	$921,486	$73,581
2022	$611,227	$472,894	$871,361	$138,333
2021	$452,007	$312,557	$756,661	$139,450
2020	$540,690	$513,506	$599,742	$27,184
2019	$535,927	$502,039	$558,286	$33,888

LAKE SCHOOL CORPORATION