FRIENDS OF THE COMMUNITY LEARNING … - Form 990 Financial Data

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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

SILVIA AJANEL

Phone

6173496363

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF THE COMMUNITY LEARNING CENTER INC, founded in 1992, is a small nonprofit that reported $160K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 23% operating margin.

Mission

PROVIDE SUPPORT TO THE COMMUNITY LEARNING CENTER

Program Service Accomplishments

Program 1

Expenses: $82,515

GRANTS TO THE COMMUNITY LEARNING CENTER TO SUPPORT TEACHER AND SALARIES

Program 2

Expenses: $34,483

SCHOLARSHIPS AND STIPENDS TO STUDENTS

Program 3

Expenses: $5,520

SUPPLIES FOR STUDENTS, CLASSROOM WORK AND COMPUTER SOFTWARE LICENSES

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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 $139,570

Program Service Revenue $19,947

Investment Income $11

Other Revenue $57

TOTAL REVENUE $159,585

Expense Breakdown

Grants Paid $118,831

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,518

Other Expenses $3,687

TOTAL EXPENSES $122,518

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,585	$123,346	+0.3%
Expenses	$122,518	$77,699	+0.6%
Net Income	$37,067	$45,647	-0.2%

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

N/A

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
SILVIA AJANEL	CURRENT TREA	5.00	Officer Director	$0	$0	$0
PHYLLIS BENJAMIN	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
BRENDAN CALAMITO	FORMER TREAS	5.00	Officer Director	$0	$0	$0
CHARLIE DUTTON	BOARD MEMBER	5.00	Director	$0	$0	$0
ACHILLES GATSONIS	BOARD MEMBER	5.00	Director	$0	$0	$0
BRITT HALL	BOARD MEMBER	5.00	Director	$0	$0	$0
JUDY HIKES	BOARD MEMBER	5.00	Director	$0	$0	$0
MARIA KEFALLINOU	DIRECTOR OF	5.00	Director	$0	$0	$0
HOLLY KLOSE	BOARD MEMBER	5.00	Director	$0	$0	$0
JULIA MILLER	BOARD MEMBER	5.00	Director	$0	$0	$0
LOUIS NEJAME	PRESIDENT	5.00	Officer Director	$0	$0	$0
ELEANOR STAFFORD	BOARD MEMBER	5.00	Director	$0	$0	$0
SALLY WALDRON	CLERK	5.00	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	$159,585	$122,518	$125,039	$37,067
2023	$123,346	$77,699	$87,972	$45,647
2022	$112,410	$156,901	$42,325	$-44,491
2021	$141,874	$89,601	$86,816	$52,273
2020	$107,425	$100,195	$34,543	$7,230
2019	$124,835	$124,978	$27,313	$-143

FRIENDS OF THE COMMUNITY LEARNING CENTER INC