Lake Technical College Inc
Lake Technical College Inc. consistently generates revenue surpluses and reports no officer compensation.
EIN: 200940772 · Eustis, FL · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21.8M |
| Total Expenses | $14.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $14 |
| Net Assets | $16.5M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Lake Technical College Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Lake Technical College Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lake Technical College Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $14.8M and expenses of $14.7M.
Revenue and Expenses
Lake Technical College Inc reported $14.8M in revenue and $14.7M in expenses, a surplus of $133K.
Executive Compensation
Top officer compensation appears as $14 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Lake Technical College Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $13.2M (90%) |
Across stored filings, Lake Technical College Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Cornelia Warren Community Assn Inc | Florida and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Eustis, FL nonprofitsEducation in Florida
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Follow the Money
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Keep the Investigation Moving
Lake Technical College Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Technical College Inc
Lake Technical College Inc (EIN: 200940772) is a nonprofit organization based in Eustis, FL, classified under NTEE code B29. The organization reported total revenue of $21.8M and total assets of $25.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Technical College Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Technical College Inc is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.8M |
| Total Expenses | $14.7M |
| Surplus / Deficit | +$133K |
| Total Assets | $23.3M |
| Total Liabilities | $6.8M |
| Net Assets | $16.5M |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 29.2% |
| Months of Reserves | 19.1 months |
Financial Health Grade: A
In 2023, Lake Technical College Inc reported a surplus of $133K with revenue exceeding expenses, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 29.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lake Technical College Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.2% | +7.5% | -2.3% |
| 2022 | +8.3% | -22.8% | +36.3% |
| 2021 | +50.0% | +51.2% | +11.5% |
| 2020 | -0.1% | -4.2% | +0.6% |
| 2019 | +2.1% | +25.0% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lake Technical College Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lake Technical College Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $133K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with annual revenues exceeding $14 million and suggests that executive compensation may be structured differently or not reported under this specific category, or that leadership roles are entirely voluntary.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lake Technical College Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure actual leadership remuneration.
Strengths
The following positive indicators were identified for Lake Technical College Inc:
- Consistent revenue surpluses, indicating strong financial management and sustainability.
- Steady growth in assets from $7.8 million in 2014 to $23.3 million in 2023, strengthening financial position.
- Healthy asset-to-liability ratio, suggesting financial stability.
- Likely strong program focus given its NTEE code as a Vocational Technical School.
Frequently Asked Questions about Lake Technical College Inc
Is Lake Technical College Inc a legitimate charity?
Lake Technical College Inc (EIN: 200940772) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $21.8M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Lake Technical College Inc spend its money?
Lake Technical College Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lake Technical College Inc tax-deductible?
Lake Technical College Inc is registered as a tax-exempt nonprofit (EIN: 200940772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lake Technical College Inc CEO make?
Lake Technical College Inc's highest-compensated officer earns $14 annually. The organization reported $21.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Lake Technical College Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lake Technical College Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Technical College Inc located?
Lake Technical College Inc is headquartered in Eustis, Florida and files with the IRS under EIN 200940772. It is classified under NTEE code B29.
How many years of IRS 990 filings does Lake Technical College Inc have?
Lake Technical College Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $21.8M in total revenue.
How are the executive officers of Lake Technical College Inc. compensated, given that 0% officer compensation is reported across all filings?
The provided IRS 990 data consistently shows 0% officer compensation. This could mean that executive leadership is compensated through other means not categorized as 'officer compensation' on the 990, that they are compensated by an affiliated entity, or that these roles are entirely voluntary. Further investigation into the organization's full financial statements or specific compensation policies would be needed to clarify this.
What is the detailed breakdown of program, administrative, and fundraising expenses for Lake Technical College Inc.?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. While the NTEE code suggests a strong program focus, a full 990 form would be required to determine the exact percentages allocated to each area.
What are the primary sources of revenue for Lake Technical College Inc. if fundraising expenses are consistently low or zero?
Given the likely low or zero fundraising expenses, it is probable that Lake Technical College Inc. primarily derives its revenue from tuition fees, government grants (federal, state, and local), and potentially other educational service fees, consistent with its mission as a vocational technical school.
Filing History
IRS 990 filing history for Lake Technical College Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Technical College Inc's revenue has grown by 87.1%, moving from $7.9M to $14.8M. Total assets increased by 378% over the same period, from $4.9M to $23.3M. Total functional expenses rose by 93.2%, from $7.6M to $14.7M. In its most recent filing year (2023), Lake Technical College Inc reported a surplus of $133K, with revenue exceeding expenses. The organization holds $6.8M in liabilities against $23.3M in assets (debt-to-asset ratio: 29.2%), resulting in net assets of $16.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.8M | $14.7M | $23.3M | $6.8M | — | — |
| 2022 | $19.8M | $13.6M | $23.9M | $7.1M | — | View 990 |
| 2021 | $18.3M | $17.7M | $17.5M | $6.9M | — | View 990 |
| 2020 | $12.2M | $11.7M | $15.7M | $6.1M | — | View 990 |
| 2019 | $12.2M | $12.2M | $15.6M | $6.5M | — | View 990 |
| 2018 | $11.9M | $9.7M | $14.6M | $5.4M | — | View 990 |
| 2017 | $12.0M | $10.1M | $13.4M | $6.4M | — | View 990 |
| 2016 | $9.1M | $8.9M | $10.2M | $5.1M | — | View 990 |
| 2015 | $10.2M | $9.2M | $8.9M | $4.0M | — | View 990 |
| 2014 | $10.3M | $8.9M | $7.8M | $1.5M | — | View 990 |
| 2013 | $8.3M | $7.7M | $6.4M | $1.5M | — | View 990 |
| 2012 | $8.4M | $7.9M | $5.5M | $1.1M | — | View 990 |
| 2011 | $7.9M | $7.6M | $4.9M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.8M, expenses of $14.7M, and assets of $23.3M (revenue -25.2% year-over-year).
- 2022: Revenue of $19.8M, expenses of $13.6M, and assets of $23.9M (revenue +8.3% year-over-year).
- 2021: Revenue of $18.3M, expenses of $17.7M, and assets of $17.5M (revenue +50.0% year-over-year).
- 2020: Revenue of $12.2M, expenses of $11.7M, and assets of $15.7M (revenue -0.1% year-over-year).
- 2019: Revenue of $12.2M, expenses of $12.2M, and assets of $15.6M (revenue +2.1% year-over-year).
- 2018: Revenue of $11.9M, expenses of $9.7M, and assets of $14.6M (revenue -0.5% year-over-year).
- 2017: Revenue of $12.0M, expenses of $10.1M, and assets of $13.4M (revenue +31.4% year-over-year).
- 2016: Revenue of $9.1M, expenses of $8.9M, and assets of $10.2M (revenue -10.4% year-over-year).
- 2015: Revenue of $10.2M, expenses of $9.2M, and assets of $8.9M (revenue -0.9% year-over-year).
- 2014: Revenue of $10.3M, expenses of $8.9M, and assets of $7.8M (revenue +24.4% year-over-year).
- 2013: Revenue of $8.3M, expenses of $7.7M, and assets of $6.4M (revenue -2.3% year-over-year).
- 2012: Revenue of $8.4M, expenses of $7.9M, and assets of $5.5M (revenue +6.8% year-over-year).
- 2011: Revenue of $7.9M, expenses of $7.6M, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Technical College Inc:
Data Sources and Methodology
This transparency report for Lake Technical College Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.