North Lakes Academy
Forest Lake, Minnesota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Poor
How This Organization Compares
Compared to 4 peers in Education with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $8,444,266↑9% | $8,542,847 | $3,888,330↓11% | |
| 2022 | $7,717,810↓7% | $8,505,551↑11% | $4,392,458↓4% | — |
| 2021 | $8,303,714↑19% | $7,683,037↑7% | $4,585,433↑7% | — |
| 2020 | $6,951,294↑40% | $7,183,027↑44% | $4,298,992↓1% | — |
| 2019 | $4,963,259↑7% | $5,002,873↑11% | $4,322,798↓20% | — |
| 2018 | $4,648,578↑7% | $4,503,922↑5% | $5,394,133↓15% | — |
| 2017 | $4,362,676↓2% | $4,299,210↑1% | $6,356,653↑303% | — |
| 2016 | $4,451,841↑4% | $4,270,786↑2% | $1,576,484↑21% | — |
| 2015 | $4,269,125↑9% | $4,199,055↑9% | $1,301,693↑67% | — |
| 2014 | $3,903,651↑2% | $3,838,039↑8% | $778,096 | — |
| 2013 | $3,809,118↑16% | $3,541,748↑8% | $780,688↓42% | — |
| 2012 | $3,287,577↑4% | $3,291,628↑6% | $1,352,714↑16% | — |
| 2011 | $3,150,035 | $3,103,026 | $1,167,103 | — |
Frequently Asked Questions
What does North Lakes Academy do?▼
North Lakes Academy is a education nonprofit organization based in Minnesota. It is classified under NTEE code B24 and is registered as a 501(c) tax-exempt organization with the IRS.
Is North Lakes Academy financially healthy?▼
Based on our 9-metric Financial Health Score model, North Lakes Academy has a score of 29/100 (Grade: D). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does North Lakes Academy generate?▼
North Lakes Academy reports $8.0M in annual revenue and holds $3.3M in total assets, based on IRS filings.