Lake Pointe Academy Inc

Nonprofit profile at a glance

EIN
455628514
IRS 990-EZ coverage
2014–2024
Forms available
Form 990 2018, Form 990-EZ 2024
Location
Granbury, TX, USA
Phone
6823331555
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Specialized Education Institutions

Official website

Reported finances

Revenue
$166,281
Expenses
$164,325
Assets
$12,320
Liabilities
$68,120

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Madalyn Cano (President)
  • Jennifer Krone (Vice President)

People named in this filing

  • Madalyn Cano (President)
  • Jennifer Krone (Vice President)
  • Alix Conte (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is established as a school, organized for the purpose of providing primary and/or secondary academics, with an emphasis in teaching social, emotional, and behavioral skills for success in educational settings and adulthood.

What it reported doing in 2024

Lake pointe academy provides a therapeutic educational program to students with austism spectrum disorders and other developmental conditions which affect or impede the student's ability to function or achieve success in a traditional academic environment. All expenses currently go towards that function outside of fundraising and indirect administrative expenses.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 88% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 82
  • Sustainability: 23
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.7%; rating input score 73
  • Program expense ratio: 73.6%; rating input score 74

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 1.2%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 5.53; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: -7.1% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -8.6% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -13.8% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 72.7% of revenue deployed · 73.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $121K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.