NORTH AMERICAN COUNCIL FOR ONLINE LEARNING (EIN 200310109) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

VIRGEL HAMMONDS

Phone

7037526216

Tax Period

2023-07-01 to 2024-06-30

NORTH AMERICAN COUNCIL FOR ONLINE LEARNING, founded in 2003, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2017. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 77% operating deficit.

Mission

THE COUNCIL DRIVES THE TRANSFORMATION OF EDUCATION SYSTEMS AND ACCELERATES THE ADVANCEMENT OF BREAKTHROUGH POLICIES AND PRACTICES TO ENSURE HIGH-QUALITY LEARNING FOR ALL.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,748,847

Program Service Revenue $1,344,264

Investment Income $97,273

Other Revenue $0

TOTAL REVENUE $3,190,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,641,360

Fundraising Expenses $172,931

Program Expenses $3,082,828

Other Expenses $2,015,839

TOTAL EXPENSES $3,657,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,190,384	$1,510,880	+1.1%
Expenses	$3,657,199	$2,770,042	+0.3%
Net Income	$-466,815	$-1,259,162	-0.6%

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

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

$392,793

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM ROONEY	TREASURER	1.00	Officer Director	$0	$0	$0
TONY MONFILETTO	DIRECTOR	1.00	Director	$0	$0	$0
ANPAO DUTA	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA MIDLES	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE STATUM ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
VIRGEL HAMMONDS	CEO	40.00	Officer	$0	$0	$0
LORETTA GOODWIN	INTERIM CEO	40.00	Officer	$250,940	$14,000	$264,940
JIM BENSON	DIRECTOR OF OPERATIONS	40.00	Officer	$110,768	$17,085	$127,853
ELIOT LEVINE	DIRECTOR OF RESEARCH	40.00	Highest	$155,409	$24,117	$179,526
JENNIFER KABAKER	DEVELOPMENT DIRECTOR	40.00	Highest	$171,697	$16,934	$188,631
CHIARA WEGENER	COMMUNICATIONS DIRECTOR	40.00	Highest	$156,258	$20,850	$177,108
LAURIE GAGNON	DIRECTOR	40.00	Highest	$140,015	$22,607	$162,622
SUSAN PATRICK	FORMER PRESIDENT & CEO	40.00		$425,564	$31,193	$456,757

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	$3,190,384	$3,657,199	$4,973,593	$-466,815
2023	$1,510,880	$2,770,042	$5,781,934	$-1,259,162
2022	$602,373	$2,193,892	$6,448,912	$-1,591,519
2021	$2,182,938	$2,212,726	$8,272,151	$-29,788
2020	$3,990,565	$4,364,394	$8,047,009	$-373,829
2019	$5,115,307	$4,891,730	$8,319,004	$223,577
2018	$2,800,947	$4,958,027	$8,204,255	$-2,157,080

NORTH AMERICAN COUNCIL FOR ONLINE LEARNING