ADULT LEARNING CENTER INC (EIN 061768396) - 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

2006

Legal Domicile

Principal Officer

JON GILGENBACH

Phone

4142635874

Tax Period

2022-07-01 to 2023-06-30

ADULT LEARNING CENTER INC, founded in 2006, is a small nonprofit in the Education sector that reported $189K in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year. Expenses of $214K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE ADULT LEARNING CENTER PROVIDES MOTIVATED ADULTS WITH BASIC EDUCATION, LIFE-LONG LEARNING OPPORTUNITIES AND RESOURCES TO TRANSFORM THEIR LIVES AND CONTRIBUTE TO THEIR COMMUNITIES, IN THE SPIRIT OF THE TEACHINGS OF JESUS CHRIST AND THE PRINCIPLES OF SOCIAL JUSTICE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $144,923

Program Service Revenue $40,247

Investment Income $3,947

Other Revenue $0

TOTAL REVENUE $189,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,257

Fundraising Expenses $8,437

Program Expenses $175,642

Other Expenses $73,870

TOTAL EXPENSES $214,127

Year-over-Year Comparison

	2022	2021	Change
Revenue	$189,117	$233,124	-0.2%
Expenses	$214,127	$227,512	-0.1%
Net Income	$-25,010	$5,612	-5.5%

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIFFANY BATTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FELITA DANIELS-ASHLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
JIMMY JOHNSTONE	DIRECTOR	1.00	Director	$0	$0	$0
DENITA BELL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SANKOVITZ	DIRECTOR	1.00	Director	$0	$0	$0
ZOREEDUA PERKINS	CHAIR	1.00	Officer Director	$0	$0	$0
HEATHER NELSON	DIRECTOR	1.00	Director	$0	$0	$0
RAMON ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
JON GILGENBACH	EXECUTIVE DIR.	40.00	Officer	$70,000	$0	$70,000

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
2023	$189,117	$214,127	$61,973	$-25,010
2022	$233,124	$227,512	$86,664	$5,612
2021	$266,113	$304,945	$116,954	$-38,832

ADULT LEARNING CENTER INC