The Center A Drop-in Community Learning & Resource Center Inc

EIN: 060869262 501(c)(3) Education

New London, CT

Total Revenue
$285,945
Total Expenses
$319,549
Total Assets
$161,843
Net Assets
$137,911
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
CT
Phone
8604424466
Tax Period
2024-07-01 to 2025-06-30

The Center A Drop-in Community Learning & Resource Center Inc, founded in 1970, is a small nonprofit in the Education sector that reported $286K in total revenue in fiscal year 2024. Expenses of $320K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE DROP-IN LEARNING CENTER OF NEW LONDON FOSTERS THE ACADEMIC AND SOCIAL DEVELOPMENT OF CHILDREN AND PROMOTES FAMILY ENGAGEMENT IN THE LEARNING PROCESS BY PROVIDING STRUCTURED BEFORE CARE, AFTERCARE AND SUMMER ENRICHMENT PROGRAMS FOR CHILDREN 3-14 YEARS OLD.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $166,544
Program Service Revenue $105,303
Investment Income $2,704
Other Revenue $11,394
TOTAL REVENUE $285,945

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,393
Fundraising Expenses $753
Program Expenses $270,549
Other Expenses $156,156
TOTAL EXPENSES $319,549

Year-over-Year Comparison

2024 2023 Change
Revenue $285,945 $299,654 0.0%
Expenses $319,549 $315,029 +0.0%
Net Income $-33,604 $-15,375 +1.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
20
Volunteers
20

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
8
$51,700
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REONA DYESS Executive Dir. 60.00
Officer
$51,700 $0 $51,700
ARMAND LAMBERT Vice President 2.00
Officer Director
$0 $0 $0
WILFRED R RONDEAU SECRETARY 2.00
Officer Director
$0 $0 $0
KAREN HATCHER-SNEED President 2.00
Officer Director
$0 $0 $0
BARBARA CROUCH Director 2.00
Officer
$0 $0 $0
KEITH A CARTER Director 2.00
Officer
$0 $0 $0
STEPHANE BROWDER Director 2.00
Officer
$0 $0 $0
DARNELL WILLIAMS Director 2.00
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 $285,945 $319,549 $161,843 $-33,604
2024 $299,654 $315,029 $246,864 $-15,375
2023 $327,747 $287,940 $242,546 $39,807
2022 $383,329 $316,128 $249,337 $67,201
2021 $243,107 $288,583 $232,298 $-45,476
2020 $267,073 $249,424 $178,642 $17,649
2019 $298,149 $272,105 $187,818 $26,044
2018 $224,506 $257,562 $160,382 $-33,056
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