REC PLACE AFTERSCHOOL INC (EIN 043139435) - 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

1992

Legal Domicile

Principal Officer

Shannon Whigham

Phone

6173327327

Tax Period

2024-08-01 to 2025-07-31

REC PLACE AFTERSCHOOL INC, founded in 1992, is a small nonprofit in the Recreation & Sports sector that reported $378K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $418K exceeded revenue, resulting in a 11% operating deficit.

Mission

To provide affordable after school care for local children

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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 $26,550

Program Service Revenue $336,244

Investment Income $14,509

Other Revenue $391

TOTAL REVENUE $377,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,693

Fundraising Expenses $0

Program Expenses $417,844

Other Expenses $50,151

TOTAL EXPENSES $417,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,694	$439,625	-0.1%
Expenses	$417,844	$365,395	+0.1%
Net Income	$-40,150	$74,230	-1.5%

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

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
John Connor	board of director officer	0.10	Officer	$0	$0	$0
Travis Ahearn	Board of Director Officer	0.10	Officer	$0	$0	$0
Martine Carroll	Board of Director Clerk	0.10	Officer	$0	$0	$0
Nance Miller	President of the Board	0.20	Officer	$0	$0	$0
Shannon Whigham	Director of the Board	0.20	Officer	$0	$0	$0
Sarah Birkeland	Board of Director Officer	0.10	Officer	$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	$377,694	$417,844	$432,269	$-40,150
2024	$439,625	$365,395	$465,479	$74,230
2023	$411,272	$319,035	$396,977	$92,237
2022	$352,527	$294,725	$300,713	$57,802
2021	$267,432	$256,637	$239,240	$10,795
2020	$326,880	$335,593	$211,405	$-8,713

REC PLACE AFTERSCHOOL INC