ON OUR WAY LEARNING CENTER

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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

JOEL KAPLAN

Phone

7188682961

Tax Period

2017-07-01 to 2018-06-30

ON OUR WAY LEARNING CENTER, founded in 1992, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2017. Expenses of $4.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

ON OUR WAY LEARNING CENTER (THE SCHOOL) WAS INCORPORATED AND BEGANOPERATING AS A NOT-FOR-PROFIT EDUCATION CORPORATION IN JULY 1992. THESCHOOL OPERATES AS A PRESCHOOL FOR CHILDREN WITH LEARNING DISABILITIES.THE SCHOOL IS REIMBURSED BY THIRD PARTIES FOR SERVICES PROVIDED TOAPPROVED STUDENTS. THESE REIMBURSEMENTS ARE RECEIVED FROM THE NEW YORKSTATE EDUCATION DEPARTMENT THROUGH THE NEW YORK CITY DEPARTMENT OFEDUCATION, WHICH IS ITS PRIMARY SOURCE OF REVENUE. EARLY INTERVENTIONSERVICES ARE REIMBURSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH.

Program Service Accomplishments

Program 1

Expenses: $3,908,534 Revenue: $3,643,707

PROVIDED EDUCATIONAL AND THERAPEUTIC SERVICES TO CHILDREN AGES THREE TOFIVE YEARS WITH VARIOUS DISABILITIES.

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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 (2017)

Revenue Breakdown

Contributions & Grants $70,579

Program Service Revenue $3,498,377

Investment Income $8

Other Revenue $145,330

TOTAL REVENUE $3,714,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,363,006

Fundraising Expenses $0

Program Expenses $3,908,534

Other Expenses $789,617

TOTAL EXPENSES $4,152,623

Year-over-Year Comparison

	2017	2016	Change
Revenue	$3,714,294	$3,791,760	0.0%
Expenses	$4,152,623	$3,876,822	+0.1%
Net Income	$-438,329	$-85,062	+4.2%

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

104

Volunteers

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

$80,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LLOYD KEILSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID GOLDFARB	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD ALTABE	DIRECTOR	3.00	Director	$0	$0	$0
DAVID FRIEDMAN	DIRECTOR	3.00	Director	$0	$0	$0
ALLAN REKANT	DIRECTOR	3.00	Director	$0	$0	$0
JOEL KAPLAN	CEO	35.00	Officer	$80,000	$0	$80,000

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
2018	$3,714,294	$4,152,623	No data	$-438,329